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The S&P Global US Manufacturing PMI rose to 55.3 in May 2026, marking the strongest manufacturing expansion in four years. This upturn signals increased factory output, new orders, and hiring, positively impacting local economies and communities with more jobs and higher spending.
The Department of Defense has started receiving small, FPV-style drones as part of its ‘Drone Dominance’ push, with orders placed with 10 vendors. This development could have implications for American industry and defense capabilities, potentially impacting production, supply chains, and skilled work in the drone sector.
Mine waste refiner Phoenix Tailings has secured a $66 million grant from the US Department of Energy’s Rare Earth Demonstration Facility Programme to advance their rare earth separation technology. This project, part of a $147.8 million initiative, in partnership with MIT and the University of Minnesota, aims to recover heavy rare earth materials from domestic feedstocks, highlighting advancements in American industry and innovation.
USA Rare Earth has secured agreements with the US Department of Commerce for up to $1.6 billion in funding under the CHIPS Act. This funding will support the company’s plans to build a domestic rare earth supply chain, contributing to American industry and supply chain resilience.
President Donald Trump is set to use the Defense Production Act to allocate nearly $700 million to aid coal plants, with over half of the funds going towards upgrades for 13 plants. This move could have implications for American industry and energy production.
An environmental group is pushing for more rice farming in the Delta as a way to combat land subsidence and protect California’s water infrastructure. The report highlights the need for local milling and bioproduct investments to fully capitalize on the economic potential of the crop’s rapid growth, offering a potential boost to American agriculture and industry.
Despite facing a significant funding gap, Seattle’s Sound Transit has approved a revised plan that fully funds construction for key transit projects in Washington state. While some projects may be deferred, this decision highlights the ongoing efforts to support infrastructure development and public transportation, impacting workers, communities, and American competitiveness.
The U.S. Navy has officially authorized the carrier-based MQ-25A Stingray to enter the low-rate production phase, marking a significant milestone for the unmanned tanker program. With an LRIP Lot 1 contract expected to be awarded this summer, the $15.9 billion program is poised to boost American industry and support skilled work in the defense sector.
Skanska and E-J Electric crews are hard at work rebuilding a pair of two-tube rail tunnels deep under Manhattan and the East River. This project showcases ongoing investment in critical infrastructure, benefiting American industry and supporting skilled workers in the construction sector.
Eli Lilly and Company has forged a significant licensing agreement with Hanmi Pharm, valued at up to $1.26 billion, to collaborate on the development, manufacturing, and commercialization of Hanmi’s biologic drug candidate, sonefpeglutide, on a global scale excluding Korea. This partnership highlights the ongoing advancements in the pharmaceutical industry and underscores the importance of international collaborations in driving innovation and growth.
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