Trump Hypes ‘Magnets’ After Son’s Firm Takes Stake in Rare-Earth Magnet Company

Source: www.mediaite.com · Section: headlines · Bias: Center-Left · Published: Thu, 16 Jul 2026 02:40:24 GMT

President Donald Trump urged defense contractors to "do magnets" on Wednesday, just seven weeks after ProPublica revealed that a top White House aide intervened to help secure a $620 million Pentagon loan for a rare-earth magnet startup after Donald Trump Jr.'s venture capital firm took a stake in the company. The post Trump Hypes ‘Magnets’ After Son’s Firm Takes Stake in Rare-Earth Magnet Company first appeared on Mediaite.

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