JPMorgan unveils $1.5T plan to back U.S. strategic industries

JPMorgan has launched a $1.5 trillion initiative over ten years to finance and invest in U.S. strategic sectors including defense, clean energy, AI, and advanced manufacturing. The effort includes direct equity and venture capital investments—up to $10 billion—focused on fast-growing companies. It aligns with broader national efforts to reduce supply chain dependency and bolster economic resilience. The bank will also increase staffing and create an advisory council to coordinate industry and policy actions.