Last week, the U.S. administration took a firm stance on defense contractors, signaling a major shift in capital allocation priorities. The directive is clear: major defense companies won't be allowed to distribute dividends or repurchase their own shares—at least not until they substantially boost spending on production capacity and R&D initiatives. It's a calculated move to redirect corporate cash flows away from shareholder returns and toward long-term competitive advantage. This kind of policy intervention affects how institutional capital flows through different sectors, which in turn influences overall market dynamics. For those tracking macroeconomic trends and policy impacts on asset allocation, this is worth paying attention to—it signals how governments are increasingly willing to leverage their influence over major industries to shape investment priorities.