US industries to receieve $1.5 trillion plan from JP Morgan CEO
CEO of JP Morgan Chase, Jamie Dimon, has unveiled a $1.5 trillion investment plan aimed at strengthening the US’ industrial base and reducing the nations reliance on foreign supply according to The Times of India via Business Insider on 23rd October.
According to Business Insider’s report, JP Morgan Chase will invest $10 billion from its own funds as part of a decade-long investment plan known as the Security and Resilience Initiative.
The remaining capital will be reimbursed through strategic partnerships between US and other governments. More
The Times of India via Business Insider, Maghrebi.org
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