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BlockBeats News, May 28, U.S. Treasury Secretary Bessent stated that the "Trump Account" App is now available for download in app stores. "For too long, financial markets have been out of reach for too many people. We are proud to launch this app, a historic tool that brings the President's vision directly to American families. Download the app from any app store today to ensure your children are ready for the official launch on July 4."The "Trump Account" is projected to directly inject $30–50 billion in incremental funds into the U.S. stock market in its first year. In the following years, families and employers may contribute up to $5,000 per account annually, providing a long-term inflow of tens of billions or even more stable funds, creating sustained buying support. The "Trump Account," also known as the 530A Account, is a deferred tax investment account program authorized by U.S. President Trump on June 9, 2025, under the "Big and Beautiful" Act. It establishes government-backed savings accounts for children of U.S. citizens born between January 1, 2025, and January 1, 2029. The initial funds for the "Trump Account" come mainly from government appropriations, private donations, and family deposits. The federal government will provide $1,000 in seed funding for each account. Last December, Dell founder Michael Dell and his wife announced a $6.25 billion donation to open accounts with $250 each for 25 million children from households with a median income below $150,000. Parents, friends, and other specified individuals can also deposit into designated accounts, but up to $5,000 can be contributed per child per year. On the investment side, the "Trump Account" will be strictly limited to investing in low-cost index funds or exchange-traded funds (ETFs) tracking broad stock indices such as the S&P 500. Investment in specific sector or industry indices will not be permitted. There are also usage restrictions — funds in the account cannot be withdrawn for any reason until January 1 of the year the child turns 18 and becomes a legal adult (except in the event of death or transfer of funds to another similar restricted account). The "Trump Account" is tentatively scheduled to accept its first deposits on July 4, 2026, the 250th anniversary of the U.S. Declaration of Independence, just before the start of the 2026 midterm elections. It is expected to become a major policy weapon for the Republican Party to win over voters.

⑴ Data from Japan's Ministry of Finance on Thursday showed that in April, Japan's imports of petroleum-derived naphtha fell 47% year-on-year to 1.14 million kiloliters. Imports from the Middle East plummeted by 79.1%, recording only 341,700 kiloliters, with its share of total imports dropping sharply from about 70% to 30%. ⑵ Regional conflicts have led to severe disruptions in shipping through the Strait of Hormuz, a key global oil transportation route. To make up for the shortfall, Japan's naphtha imports from other regions surged by 52.4% year-on-year. ⑶ Naphtha is a crucial raw material for the chemical industry and is widely used in products such as plastics, adhesives, and solvents in coatings and paints. The tight supply is impacting various sectors in resource-poor Japan. According to reports, several food and beverage companies, including major brands, have been forced to simplify product packaging designs and raise prices due to the tightening supply of key raw materials such as naphtha.

Loss per share for the first quarter was $0.13, the same as the loss per share in the same period last year.