The Trump administration plans to promote the development of the US robotics industry, according to Politico.

US Commerce Secretary, Howard Lutnick, has been meeting with CEOs of robotics companies, and is fully committed to accelerating the industry's development, the report quoted sources as saying. The government is considering issuing an executive order on robotics next year.

The authority is committed to robotics and advanced manufacturing because they are central to bringing key production back to the US, a spokesperson for the US Department of Commerce (DOC) said.

Stimulated by the report, US robotics-related stocks surged, with Nauticus Robotics (KITT.US) spiking 1.16x. iRobot (IRBT.US) snowballed 73.9%, while Serve Robotics (SERV.US) soared 18.2%. Symbotic (SYM.US) and Tesla (TSLA.US) also shot up 9.4% and 4.1%, while Teradyne (TER.US) elevated 2.7%.
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AASTOCKS Financial News
Website: www.aastocks.com

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