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JP Morgan's past initiatives, such as the $30 billion racial equity investment and the $2.5 trillion climate initiative, suggest a pattern of using large numbers for branding rather than purely commercial goals.
Jamie Dimon claims the $1.5 trillion investment is purely commercial and not influenced by political motives, despite similarities to other companies' actions to gain favor with the president.
The Invest America accounts, now known as the Trump accounts, aim to make every child a capitalist from birth by providing them with a $1,000 account similar to a 401k. This initiative is one of the largest consumer launches in government history, targeting 65 million kids in the U.S. under 18.
Historically, major technologies like GPS and the internet were initially poor investments, supported by government funding. This raises questions about the viability of JP Morgan's private sector-led America-first investments.
Shares of rare earth mineral companies surged after JP Morgan's announcement, with Lithium Americas up 11%, MP Materials up 24%, and USA Rare Earth up 32%.