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Trump Boosts Coal with Defense Act
Description
Trump shocks markets by invoking the Defense Production Act to massively fund coal — billions earmarked to revive plants, build new ones, and modernize infrastructure. Amid soaring AI demand and electrification, the move signals a bold fossil fuel comeback, sending Peabody Energy’s stock soaring 15% after bankruptcy. Analysts say this could extend coal’s lifespan and boost profits — but investors should still dig deeper before betting big.
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