European Defense Stocks Face Uncertainty Amid Trump’s Government Efficiency Plans - WSJ

1. Trump plans to cut government spending by creating DOGE. 2. Elon Musk asked to lead the new efficiency department, impacting U.S. contracts. 3. Uncertainty in U.S. defense budget leads to risks for European defense companies. 4. BofA downgraded European defense stocks citing government funding concerns. 5. Geopolitical tensions may still encourage defense budget increases despite efficiency goals.