Cathie Wood, ARK Shift Defense Holdings After U.S. Swaps Drone Classification

Cathie Wood and her ARK Invest firm changed up their defense holdings on Wednesday after the U.S. earlier this week reinterpreted an arms control pact to ease military exports of drones. Secretary of State Marco Rubio approved a reinterpretation of arms exports control policies that will allow for the easier sale of “Reaper”-style and other advanced military drones, according to…