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5:15Now PlayingDefense Secretary Pete Hegseth goes full panic after getting cornered in damning report that alleges his broker was trying to make a large investment in major defense companies directly ahead of the Iran war. John Iadarola breaks it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Pete Hegseth’s broker attempted to make defense investments before Iran warFinancial Times
"A broker for U.S. Defense Secretary Pete Hegseth sought to make a large investment in major defense companies in the lead-up to the Iran war, according to the Financial Times. The Pentagon has dismissed the report.
The Financial Times reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF.
The ETF, which has about $3.1 billion in assets, counts companies such as RTX
— formerly known as Raytheon — Lockheed Martin
and Northrop Grumman
among its largest holdings, BlackRock data showed.
The Defense Industrials Active ETF has lost 12.4% over the past month, around the time the war in Iran started, according to LSEG data."
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260331__DR06Hegseth
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