Unusual Machines Stock Soars with Trump Jr. Appointment
Unusual Machines Stock Soars with Trump Jr. Appointment

Unusual Machines Stock Soars with Trump Jr. Appointment

News summary

Unusual Machines, a Florida-based drone company, experienced a significant surge in its stock price after announcing Donald Trump Jr. as an advisor. Trump Jr., who is also the second-largest shareholder, has expressed his commitment to bringing drone manufacturing jobs back to the U.S., aligning with his father, President-elect Donald Trump's stance on imposing tariffs on Chinese imports. Despite the company's reliance on Chinese imports, Trump Jr.'s involvement has been touted for his business acumen rather than political connections. The announcement led to a near doubling of the company's stock, with Unusual Machines' stock, which was trading at $5.36, reaching an intraday high of $11.67 following the news.

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