How Trump's Policies Moved Stocks

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:

1. COVID-19 INTELLECTUAL PROPERTY: The Wall Street Journal's Dustin Volz wrote on Monday that the Trump administration is on the verge of advising that "hackers tied to the Chinese government" are looking to steal data from researchers in the United States who are working on to develop a coronavirus vaccine. "The alert, from the Federal Bureau of Investigation and Department of Homeland Security, is expected to accuse Beijing of working to steal from American institutions intellectual property and health information related to coronavirus vaccines and treatment through hacking and other illicit means and may come within days," added the WSJ story. Novavax (NVAX), Inovio (INO), Vaxart (VXRT), Moderna (MRNA) and Gilead (GILD) are among publicly listed drug companies that have been mentioned as hopefuls in the development of a coronavirus treatment.

2. U.S.-CHINA TRADE NEGOTIATIONS: President Trump said earlier this week that he is not in favor of Washington reopening discussions with China over Phase one of a trade agreement that the two countries reached at the start of the year, Reuters' Steve Holland and Jeff Mason reported. "No, not at all, not even a little bit," the president said at a press briefing in response to a question about possibly reworking the deal, as some Chinese advisers have reportedly recommended. "I'm not interested. We signed a deal. I've heard that too - they'd like to re-open the trade talks to make it a better deal for them."

Meanwhile, Archer Daniels Midland (ADM) remains optimistic that China will meet its Phase 1 trade deal purchase commitments despite the slow pace of buying to date and recent criticism of China by U.S. President Trump, Reuters' Karl Plume reported. ADM CEO Juan Luciano said during the virtual BMO Capital Markets Global Farm to Market Conference that lower commodity prices due to the coronavirus pandemic may limit the value of China's first year U.S. agricultural product purchases, "but it's a two-year agreement."

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