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Pentagon calls report on Hegseth BlackRock defense fund bets before Iran war as ‘false and fabricated’

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Mar 31, 2026, 12:20 AM ETGlobal X Defense Tech ETF (SHLD), IDEF, BLK StockPPA, LMT, NOC, MS, XAR, DFEN, FITE, RTXBy: Arundhati Sarkar, SA News Editor
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A broker for U.S. Defense Secretary Pete Hegseth sought to make a large investment in major defense firms in the lead-up to the Iran war, according to the Financial Times. The Pentagon has dismissed the report.

The FT reported Tuesday that

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