\n<\/p>\n
Unlock the Editor\u2019s Digest for free<\/p>\n
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n JPMorgan Chase will take stakes in companies of up to a total of $10bn to help fund growth in areas it deems critical to US security, the latest sign of Donald Trump\u2019s \u201cAmerica First\u201d policies being adopted by big business.<\/p>\n The investment plans are part of a broader 10-year initiative that JPMorgan announced on Monday through which it is aiming to facilitate and finance $1.5tn in so-called critical industries.\u00a0<\/p>\n \u201cIt has become painfully clear that the US has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing \u2014 all of which are essential for our national security,\u201d said JPMorgan chief executive\u00a0Jamie Dimon.<\/p>\n \u201cThis new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centres,\u201d Dimon added.\u00a0<\/p>\n JPMorgan said it will focus on four themes critical to national security and infrastructure \u2014 supply chains and advanced manufacturing, defence and aerospace, energy independence and resilience and frontier and strategic technologies.\u00a0<\/p>\n The $10bn in investments will be the bank\u2019s own funds and go mainly towards companies in the US.<\/p>\n On the broader $1.5tn goal, the bank said it had already planned to facilitate and finance about $1tn over the next decade to support clients in these important industries and it was aiming to increase that by 50 per cent.\u00a0<\/p>\n Recommended<\/p>\n Although there was no mention of Trump, the goal set by JPMorgan is likely to appeal to the White House\u2019s policy agenda to ensure existing and emerging critical infrastructure and technology is present in the US. <\/p>\n Rare earth minerals are one example of an industry that has given Beijing leverage over the US in trade talks due to China\u2019s industry dominance.\u00a0<\/p>\n Dimon is one of the most influential voices on Wall Street and regularly declares his patriotism in public remarks.\u00a0<\/p>\n Banks have in the past attached enormous financing goals that are in sympathy with public policy, including JPMorgan announcing in 2021 that it was targeting more than $2.5tn over 10 years to advance solutions that address climate change.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan Chase will take stakes in companies of up to a total of $10bn to help fund growth in areas it deems critical to US security, the latest sign of Donald Trump\u2019s \u201cAmerica First\u201d policies<\/p>\n","protected":false},"author":1,"featured_media":27738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[4788,477,9660,423,15015],"class_list":{"0":"post-27737","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-10bn","9":"tag-companies","10":"tag-essential","11":"tag-invest","12":"tag-jpmorgan"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/27737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27737"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/27737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/27738"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}