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Trump Says Venezuela To Spend U.S. Oil Deal Revenue On American Goods
President Donald Trump said Venezuela has committed to spend proceeds from its recently announced U.S.-controlled oil sales exclusively on American-made products, deepening Washington’s effort to reorient the nation’s economy toward U.S. suppliers and away from geopolitical rivals.
In a post Wednesday on Truth Social, Trump said the purchases would include U.S. agricultural products, medicines, medical devices and equipment intended to repair Venezuela’s aging electric grid and energy facilities. He described the arrangement as part of a broader shift to make the United States Venezuela’s “principal partner,” calling it “a very good thing for the people of Venezuela, and the United States.”
The announcement follows a sweeping energy and asset-control framework unveiled this week after U.S. forces apprehended former Venezuelan leader Nicolás Maduro on Jan. 3 on narco-terrorism-related charges. Under the deal, negotiated with interim President Delcy Rodríguez, Venezuela will transfer between 30 million and 50 million barrels of stored, previously sanctioned crude to the U.S., which the Department of Energy has begun marketing on global crude markets.
Proceeds from the initial tranche, estimated at roughly $1.8 billion to $3 billion depending on realized sale prices, will be held in U.S. Treasury-controlled accounts and administered directly under presidential authority, according to reporting from Bloomberg, citing people familiar with the arrangement. U.S. officials say the structure is intended to stabilize Venezuela’s economy while preventing funds from flowing to political factions or foreign partners in China, Russia, Iran and Cuba.
Lockheed Martin, Other Defense Stocks Jump As Trump Floats $1.5T Defense Budget
Defense stocks rebounded sharply in after-hours trading following President Donald Trump’s social media post outlining plans for a significantly increased defense budget.
Lockheed Martin (NYSE:LMT) stock rose 7% after hours, while Northrop Grumman (NYSE:NOC) gained 4%, General Dynamics (NYSE:GD) jumped 4.6%, RTX Corporation (NYSE:RTX) added 2%, and Huntington Ingalls (NYSE:HII) increased 2%. The after-hours rally came after these stocks plunged during the regular session when Trump threatened to prohibit dividends and stock buybacks for defense companies.
Tribes draw a line as prediction markets encroach on Native American gaming
According to Bloomberg, a coalition of Native American organizations and tribes has filed a legal brief backing the Ho-Chunk Nation of Wisconsin in its lawsuit against Kalshi and Robinhood.
These companies undermine a hard-won system that has allowed tribes to fund essential government services, social programs, and economic development through gaming revenue, the Native nations argue.
Summary
At the center of the dispute are Kalshi Inc. and its partner Robinhood Markets Inc.
The prediction-based trading products allow users to gamble with crypto on real-world events.
Tribes argue that they amount to illegal gambling conducted outside established federal, state, and tribal gaming frameworks.
DFNS has integrated Concordium into its Wallet-as-a-Service (WaaS) platform. The integration brings Concordium support to DFNS’s institutional wallet infrastructure with a focus on compliance-ready deployments.
Venezuela Declares State of National Emergency, Army Prepared to Repel “Foreign Aggression”
The government of Venezuela has declared a state of emergency that applies to the entire territory of the country.
This decision was made after a large-scale US attack on Caracas and other regions, which led to the capture of President Nicolas Maduro, InfoDefensa reports.
Defense Minister Vladimir Padrino Lopez issued a statement on behalf of the army, confirming full support for the government decree. He emphasized that the army remains “united and cohesive” in the face of external aggression.
World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License
World Liberty Financial, the Trump family’s flagship crypto venture, said that one of its entities has applied for a national banking license, joining the rush of crypto companies seeking broader access to mainstream finance.