European Defense Stocks Face Uncertainty From Trump's Government Efficiency Plans

The planned creation of a Department of Government Efficiency co-run by Elon Musk is weighing on valuations of European defense companies that rely heavily on U.S. contracts, according to analysts.

The planned creation of a Department of Government Efficiency co-run by Elon Musk is weighing on valuations of European defense companies that rely heavily on U.S. contracts, according to analysts.