Good mornin’ folks, here’s what we have on the menu for today.

• Rep. Susie Lee makes a strange purchase on $RNMBY

Rep. Susie Lee invests in German arms manufacturer 🔫

Representative Susie Lee has made headlines with a recent purchase of $15,000 worth of shares in Rheinmetall ($RNMBY), a German arms manufacturer. This is notable for several reasons:

1. First of Its Kind: No politician has ever filed a buy of $RNMBY before.

2. Strategic Positioning: Lee sits on the House Appropriations Subcommittee on Military Construction.

We'll keep an eye on where this goes from here, but there are a couple of other intriguing details:

• The purchase was filed under her "child's" account.

  

Unusual? You bet!

Digging Deeper: Susie Lee and Rheinmetall

Here's a deeper dive into what's happening with Rep. Lee and Rheinmetall:

• Late Reporting History: Lee has been late reporting 200 stock trades since 2020, valued between $267,000 and $3.3 million.

• Rheinmetall's Big Week: Rheinmetall secured close to $1 billion in weapon sales this week alone, including:

  • L52 Gun Barrel System: Over $100 million.

  • Smoke Grenades: $72 million.

  • Artillery Ammunition: $300 million.

  • Military Vehicles: $71 million.

  • Pressure Valves: Another deal over $100 million.

Jim Cramer Pic of The Day

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Sincerely,

Omar