US Stock Market Move | Unmanned aerial vehicle concept gains strength, Palladyne AI (PDYN.US) rises over 25%.

On Thursday, the concept of drones in the U.S stock market strengthened. As of the time of writing, Palladyne AI (PDYN.US) rose by more than 25%, Joby Aviation (JOBY.US) rose by more than 7.8%, and Archer Aviation (ACHR.US) rose by more than 5.8%. In terms of news, the U.S. Department of Commerce simultaneously launched two import investigations, one focusing on drone systems and their components, and the other on the import of key materials such as polycrystalline silicon and its derivatives by CECEP Solar Energy. These investigations, conducted under Section 232 of the 1962 Trade Expansion Act, signal the latest action by the Trump administration to potentially impose tariffs on these products. According to the investigation process initiated on July 1st, the Secretary of Commerce must submit conclusions within 270 days. If it is ultimately determined that the imported products pose a threat to national security, Trump will have the authority to implement tariff sanctions.