Multiple reports cite that in February, just before the Feb. 28 U.S. strike on Iran, Pete Hegseth’s broker at Morgan Stanley contacted BlackRock about investing millions in its Defense Industrials Active ETF. The fund, launched in May 2025, focuses on defense and security companies, many of which are major Department of Defense contractors. The transaction did not proceed because the ETF was too new for Morgan Stanley clients, but its timing has raised concerns about potential conflicts of interest and war profiteering.
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When given a chance to recast their 2024 votes, in fact, just 84% of Trump voters said they would vote for him again — compared to 91% for Harris voters.