From Nasdaq:

The U.S. Senate passed a $95-billion foreign policy package to subsidize efforts in Ukraine and Israel’s campaign against Hamas. The bill includes $10 billion for humanitarian aid in war zones, securing Taiwan’s independence from China and the Red Sea against Yemen’s Houthi movement.

The passage was bipartisan with a 79-30 vote, but reflects internal fractures within the GOP, where there is a clear split on views of U.S. global involvement.

The bill faces opposition at the House, mostly from conservative Republicans and Speaker Mike Johnson.

House Democrats and moderate Republicans can force a vote on the bill via signature collection.

The bill faces opposition from Republicans siding with former President Donald Trump, who opposed granting any more aid to Ukraine unless it’s in the form of a loan.

$13.8 billion of the bill’s budget for Ukraine will be used to purchase weapons and munitions from the U.S.

Investors should keep an eye on defense stocks like Lockheed Martin Corp, Honeywell International Inc, General Dynamics Corp, and Boeing Co, as well as defense and aerospace ETFs like iShares US Aerospace & Defense ETF, Invesco Aerospace & Defense ETF, and SPDR S&P Aerospace & Defense ETF.

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Read more: $95B Ukraine Aid Bill: Republicans Challenge Historical Views On Foreign Policy, US Role As World’s Cop