Eastern surged 76.74% in premarket trading following U.S. military strikes against an alleged drug-smuggling vessel in the eastern Pacific, killing one person. The Trump administration’s escalation of Operation Southern Spear, which targets narcotics trafficking and exerts pressure on Venezuela’s Maduro regime, has drawn scrutiny but aligns with the administration’s stated goal of curbing drug flows. While the direct link between the strikes and Eastern’s operations remains unspecified, the heightened geopolitical tensions and military activity in the region could influence related sectors or markets. The repeated emphasis on U.S. strikes in news reports suggests a thematic market reaction to the administration’s aggressive foreign policy measures.
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