JPMorgan Launches $1.5 Trillion Plan to Support Industries Deemed Critical to US Interests
1. JPMorgan launches $1.5 trillion initiative for U.S. security and resiliency. 2. The initiative includes $10 billion investments in select U.S. companies. 3. Focus areas include Supply Chain, Defense, Energy, and Strategic Technologies. 4. Jamie Dimon emphasizes reducing reliance on foreign production. 5. JPM stock rose 2% amid broader market uptrend and is up 28% YTD.