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The Latest Breaking News from Steve Feinberg

Pentagon SOS To Defense Industry. Dwindling US Ammunition Stocks Are Real.

President Trump privately confronted Defense Secretary Pete Hegseth during a Cabinet meeting at Camp David last week over the issue. Trump was miffed after learning that U.S. missile stockpiles had been depleted far more severely than he had believed.

International Business Times

US military pushes companies to ‘dramatically accelerate’ weapons production as Iran war burns through supply, memo says

The munitions shortage reportedly prompted President Trump to chew out Defense Secretary Pete Hegseth last at Camp David

The Independent UK

US asks defence firms to ramp up weapons output amid Iran war concerns

The US Defence Department seeks accelerated weapons production and faster deliveries. This request stems from concerns over critical munitions shortages linked to the Iran conflict. President Trump has dismissed reports of depleted US weapons stockpiles. He expressed confidence in Secretary of War Pete Hegseth's performance. Both the White House and…

The Economic Times

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"Fake news!": White House rubbishes report of Doanld Trump-Pete Hegseth clash over US munitions shortages

The rebuttals follow a report by The Washington Post citing two sources familiar with the matter, which alleged that Trump interrogated Hegseth regarding a diminishing inventory of crucial weaponry, including air defence interceptors and long-range guided missiles.

The Economic Times

Insiders warn Pete Hegseth is growing ‘more confident than ever’ firing top officials

IN FULL

The Independent UK

Pete Hegseth ‘emboldened’ by firing of top military officials as he moves to ‘consolidate control’: report

The Defense Secretary remains defiant following nine hours of congressional testimony, and is now ‘more confident than ever in his job’

The Independent UK

Trump’s navy secretary ousted over dispute about shipbuilding

John Phelan firing caused by poor relationship with Pete Hegseth and slow movement on shipbuilding, sources say

The Guardian - US

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Why did Trump 'fire' US navy secretary abruptly amid Hormuz blockade? What reports claim

Navy Secretary John Phelan has been dismissed following reported tensions with Defense Secretary Pete Hegseth and Deputy Defense Secretary Steve Feinberg. Disagreements over the pace of naval modernization and shipbuilding priorities, as well as Phelan's direct communication with President Trump, led to his removal. Hung Cao has been appointed acting…

The Times of India

Palantir Just Scored a Major Department of Defense Win. Should You Buy PLTR Stock Now?

Palantir has now become an official "program of record" for the Department of Defense.

Barchart

Financial Disclosures Reveal Millions in Ties Between Trump Officials and the Industries They Help Regulate

ProPublica reports financial conflicts in Trump's administration, linking top officials to firms benefiting from government contracts as ethics oversight weakens.

International Business Times UK

Trump's Team Has Ties To Quantum Stocks—Let's Go Down The Rabbit Hole

President Donald Trump's administration is accelerating its push into the quantum frontier with reports that the federal government is in talks to take equity stakes in several leading quantum computing firms.

Benzinga

Hesgseth ramps up war against leakers by introducing lie detector tests and NDAs to Pentagon, report says

Defense Secretary ordered hundreds of admirals and generals to a meeting in Quantico, Virginia earlier this week

The Independent UK

How deals with Apple and Trump’s Pentagon turned rare earth miner MP Materials into a red-hot stock

MP Materials aims to build a U.S. rare earths and magnets supply chain that can eventually compete with China.

Fortune

Elon Musk’s SpaceX frontrunner to build Trump’s ‘Golden Dome’ missile shield

Elon Musk has been a close ally of US president Donald Trump since backing him on the campaign trail in 2024

The Independent UK

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