Senator Elizabeth Warren has credited a Trump administration policy with curbing stock buybacks by major US defense contractors, saying the change has redirected roughly $2 billion away from shareholder payouts. Her comments came as the Progressive senator offered rare praise for a Trump-era measure, amid a wider push to rein in defense contractor executive pay, at a time when President Trump is also pressing arms manufacturers to speed up munitions production following the war with Iran, which exposed weaknesses in US supply chains.

The report notes that Warren has separately raised concerns about potential conflicts of interest involving Deputy Defense Secretary Stephen Feinberg, tied to his former firm Cerberus Capital Management, as well as the rising costs of the conflict with Iran. Trump has been meeting with key defense contractors at the White House to push for faster missile and munitions output, with the Pentagon reportedly seeking to buy ten times more missiles to replenish depleted stockpiles and maintain readiness amid concerns over China.