White House announces Executive Order to combat cybercrime | #cybercrime | #infosec

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 with this daily recap compiled by The Fly.

CYBERCRIME: The White House announced, “President Donald J. Trump signed an Executive Order to combat cybercrime, fraud, and predatory schemes targeting American families, businesses, and critical infrastructure. The Order directs relevant Administration officials to conduct a comprehensive review to determine what operational, technical, diplomatic, and regulatory tools could be improved to combat transnational criminal organizations engaged in cyber-enabled crime and predatory schemes. The Order requires the submission of an action plan that identifies the TCOs responsible for scam centers and cybercrime and proposes solutions to prevent, disrupt, investigate, and dismantle their operations-including through the establishment of a dedicated operational cell within the National Coordination Center. The Order directs the Attorney General to prioritize prosecutions of cyber-enabled fraud and scam schemes, pursuing the most serious, provable offenses. The Order directs the Secretary of Homeland Security to partner with the NCC to provide training, technical assistance, and resilience building against cyber threats for State and local partners. The Order directs the Attorney General to submit a recommendation regarding the establishment of a Victims Restoration Program to return seized or forfeited funds from fraudsters directly to victims. The Order directs the Secretary of State to engage with foreign governments regarding demands to take enforcement action against TCOs on their soil and to impose consequences-including sanctions, visa restrictions, foreign assistance limits, and expulsion of complicit officials-on nations that tolerate these predatory schemes.” Publicly traded companies in the cybersecurity space include Check Point (CHKP), CrowdStrike (CRWD), CyberArk (CYBR), F5 (FFIV), Fortinet (FTNT), Gen Digital (GEN), Okta (OKTA), Palo Alto Networks (PANW) and Qualys (QLYS).

BOEING JETS: Boeing (BA) is closing in on “one of the largest sales in its history,” a 500-aircraft order for 737 Max jets set to be unveiled when President Donald Trump travels to China, people familiar with the matter told Bloomberg’s Julie Johnsson and Lucille Liu. The two sides are also in talks for a widebody sale that includes about 100 Boeing 787 Dreamliner and 777X jets, said the report.

QUADRUPLE PRODUCTION: President Donald Trump stated in a post to Truth Social, “We just concluded a very good meeting with the largest U.S. Defense Manufacturing Companies where we discussed Production and Production Schedules. They have agreed to quadruple Production of the ‘Exquisite Class’ Weaponry in that we want to reach, as rapidly as possible, the highest levels of quantity. Expansion began three months prior to the meeting, and Plants and Production of many of these Weapons are already under way. We have a virtually unlimited supply of Medium and Upper Medium Grade Munitions, which we are using, as an example, in Iran, and recently used in Venezuela. Regardless, however, we have also increased Orders at these levels. The Companies represented were the CEOs of BAE Systems (BAESY), Boeing, Honeywell Aerospace (HON), L3Harris Missile Solutions (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC), and Raytheon. The meeting concluded with another meeting scheduled in two months. States all over the Country are bidding for these new Plants. Thank you for your attention to this matter!”

MARITIME REINSURANCE: U.S. International Development Finance Corporation CEO Ben Black and U.S. Treasury Secretary Scott Bessent announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf region. “In close coordination with CENTCOM, this plan will restore confidence in maritime trade, help stabilize international commerce, and support American and allied businesses operating in the Middle East during the conflict with Iran. This announcement marks a key milestone toward the rapid implementation of President Trump’s directive to utilize DFC’s innovative financial toolkit to safeguard the continued flow of trade,” the DFC stated. Publicly traded oil production companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).

RESIGNATION: The head of OpenAI’s robotics team Caitlin Kalinowski resigned on Saturday, citing the company’s deal to deploy AI within the Pentagon’s network, Tamsin McMahon of Bloomberg reports. In an email, OpenAI confirmed Kalinowski’s departure and said it believes the agreement with the Defense Department “creates a workable path for responsible national security uses of AI while making clear our red lines, no domestic surveillance and no autonomous weapons.” Additionally, the company added, “We recognize that people have strong views about these issues and we will continue to engage in discussion with employees, government, civil society and communities around the world.”

PARTNERSHIP EXPANSION: Infleqtion (INFQ) announced an expansion of its work with several U.S. Department of Energy national laboratories. Under the agreements, Infleqtion is continuing its collaborations with Sandia National Laboratories and Lawrence Berkeley National Laboratory, while also launching a new partnership with Fermi National Accelerator Laboratory. The partnerships are centered on Superstaq, Infleqtion’s quantum software platform.

DOJ SETTLEMENT: Live Nation (LYV) is close to settling a federal antitrust lawsuit in a deal that would avoid the sale of its Ticketmaster unit, Bloomberg’s Josh Sisco, Lucas Shaw, and Leah Nylen report, citing sources. The U.S. Justice Department and more than two dozen states sued Live Nation in May 2024, calling for a sale of Ticketmaster and alleging the companies illegally inflated concert ticket prices and harmed artists. According to the report, Live Nation’s Ticketmaster would drop some exclusivity in ticketing contracts with concert venues and also make some concessions around the use of its amphitheaters, which the lawsuit claims the company has monopolized, according to the report.

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