US Stock Market Move | The board of directors voted to approve the establishment of a strategic acquisition fund. Trump Media & Technology Group (DJT.US) rose more than 1.7%.

On Friday, Trump Media and Technology Group (DJT.US) rose more than 1.7%, reaching $28.315. The company announced that the board of directors has voted to establish a strategic acquisition fund and will work with certain investors to help the company develop financing strategies to support potential future mergers and acquisitions. In a statement, Trump Media and Technology Group stated that the company is actively exploring opportunities for collaboration, mergers, or acquisitions with other companies related to the "America First Economy." These companies can not only benefit from the technology and brand of Trump Media and Technology Group but also maintain a high degree of autonomy after Trump Media and Technology Group transitions into a holding company, operating independently in multiple industries. Devin Nunes, the CEO of Trump Media and Technology Group, emphasized, "The 'America First Economy' is a market full of potential, and we want all participants to know that Trump Media and Technology Group plans to make this market even stronger."