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Eric Trump is investing in a $1.5 billion merger between Israeli drone manufacturer Xtend and Florida-based JFB Construction Holdings to take Xtend public. This deal involves Unusual Machines, which has ties to Trump's brother, Donald Trump Jr.

Xtend, which has military contracts with the Pentagon, is selected for the Drone Dominance Program to develop low-cost attack drones. The merger aligns with the Trump family's interests in defense during President Trump's administration.

Shares of JFB fell 43% recently after significant gains. Dominari Holdings Inc., an investment bank linked to the Trump family, facilitated the deal.