Seeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks.
- President Trump said that government employees furloughed during the shutdown may not be eligible to receive back pay.
Trump made his remarks in response to reports that the White House believes back pay for furloughed employees is not guaranteed under current law and must be appropriated by Congress.
“I would say it depends on who we’re talking about,” Trump told reporters who asked about the matter, according to CNBC.
- Orion Resource Partners CEO Oskar Lewnowski confirmed that his investment firm is in talks with the Trump administration about partnering on mining investments.
“Conversations are progressing, and we are marching forward,” Lewnowski told Bloomberg at an event on Tuesday.
Last month, Bloomberg reported that the U.S. International Development Finance Corp. was in talks with Orion about establishing a $5 billion joint venture to invest in mining as a way to counter China’s dominance in the mining of rare earth elements and other critical metals.
The U.S. government has recently invested in several mining companies and operations, including MP Materials (MP), Trilogy Metals (TMQ), and Lithium Americas (LAC). It has also reportedly expressed interest in acquiring stakes in Critical Metals (CRML) and USA Rare Earth (USAR).
- JPMorgan (NYSE:JPM) CEO Jamie Dimon said he was in favor of the SEC easing requirements on publicly traded companies to file quarterly reports.
“The bigger problem wasn’t just reporting quarterly,” Dimon told Bloomberg TV on Tuesday. “It was forecasting, where CEOs get their back up against a wall. They have to meet these things — earnings — and then they start doing dumb stuff to meet earnings, and that kind of public pressure.”
Dimon added that his bank would likely issue slimmed-down quarterly reports to keep investors updated even if they were no longer required.