Donald Trump's two sons, Eric Trump and Donald Trump Jr., are supporting a new drone company that is seeking to meet the Pentagon's growing demand and fill the gap left by the Trump administration's ban on new Chinese drones entering the U.S. market. Powerus, a drone merger and acquisition integration company based in West Palm Beach, Florida, is merging with a publicly traded golf course holding company supported by the Trump family. Investors in this transaction include American Ventures, an investment vehicle of the Trump family, and Unusual Machines, a drone parts company; Donald Trump Jr. is a shareholder of the company and a member of its advisory board. The investment bank Dominari Securities, supported by the Trump brothers, also participated in the deal; the bank had previously been involved in cryptocurrency-related transactions of the Trump family. Additionally, the asset management institution, the Korea Corporate Governance Improvement Fund, invested $50 million. This transaction has further deepened the Trump family's involvement in an industry worth billions of dollars, which is experiencing new growth opportunities following policy changes by the Trump administration. These policy changes include the Pentagon's emphasis on large-scale, rapidly deployable small drones, as well as a nationwide ban on new models of Chinese drones entering the market, while Chinese drones have dominated the consumer and commercial markets for over a decade.
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Original article: toutiao.com/article/1859248183274507/
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