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00:02Global defense stocks rose on Thursday after Trump called for a $1.5 trillion U.S. defense
00:07budget in 2027, according to CNBC. In a Truth Social post late Wednesday,
00:13Trump said the higher budget would support building a dream military and maintaining
00:17security. In pre-market trading, Northrop Grumman gained 6.8 percent, Lockheed Martin
00:23rose 6.7 percent, RTX advanced 5.4 percent, and Kratos Defense added 6.6 percent.
00:31In Europe, the stock's Europe Aerospace and Defense Index rose 1.4 percent.
00:37Rankin-Leonardo led early gains before easing, lost up 1.5 percent and 3.6 percent.
00:44Asian defense stocks also advanced, with Mitsubishi Heavy up 2.4 percent and Barrett
00:49electronics gaining 0.3 percent. The rally followed U.S. actions in Venezuela,
00:54including plans to take control of Venezuelan oil and renewed rhetoric about acquiring Greenland.
01:00For all things money, visit Benzinga.com.
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