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☆ Buy steel stocks if Trump wins or clean energy plays if it's Harris, says JPMorgan
▼ + stars: | 2024-11-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Steel stocks would likely outperform under if former President Donald Trump returns to the White House, while clean energy providers might rally if Vice President Kamala Harris captures the presidency, according to JPMorgan. Clean Energy In the same 14-page report, JPMorgan shared the name of specific companies that are likely to benefit should either candidate prevail. Steel and aluminum Conversely, Peterson is bullish on steel and aluminum companies if former President Trump gets a second term. Shares of steel producer Nucor have tumbled nearly 18% in 2024 but could bounce back under a Trump victory, according to JPMorgan. Other potential winners under a Trump presidency include aluminum producer Kaiser Aluminum and rare-earth materials processor MP Materials , said JPMorgan.

Persons: Donald Trump, Kamala Harris, Harris, Bill Peterson, Peterson, EBITDA, William Grippin, Trump, Morgan Stanley, Carlos De, Martin Englert Organizations: White, JPMorgan, Trump, EV, Department of Energy's, Office, Democratic, UBS, DOE, Power, Energy, Republican, Steel, Nippon Steel, U.S . Steel, Seaport Research Partners, Aluminum Locations: Los Angeles, adj, 2H25, Charlotte, Cleveland

☆ The Navy's top ballistic missile interceptor comes with a heavy price tag, but the US can't afford to go to war without it
▼ + stars: | 2024-11-02 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementOne of the US Navy's best ballistic missile interceptors, the Standard Missile-3, got a workout in the Middle East this year, eliminating Iranian missiles headed for Israel. That's a high cost per intercept, especially if more than one interceptor is fired for each target. An SM-3 Block 1B interceptor missile is launched from the guided-missile cruiser USS Lake Erie during a test in the Pacific. It was then fired a second time during Iran's massive early October barrage, during which Tehran launched more than 180 ballistic missiles at Israel. The industry process, coupled with the exquisite capability of the missile to intercept ballistic missiles, raises the cost of the interceptor.

Persons: —, Archer Macy, you've, Tom Karako, Navy Carlos Del Toro, Del Toro, RTX, Cmdr, Jason Tross, Bryan Clark, Karako, Macy Organizations: US, Service, Iranian, Congress, Navy, Pacific . US Navy, Missile Defense, Center for Strategic, International Studies, Mitsubishi Heavy Industries, Combat, US Naval Forces Europe, Hudson Institute, Getty, Business, Analysts, China's Rocket Force, SM, US Navy, Studies ' Missile Defense Locations: China, Israel, Lake Erie, Pacific, Tehran, Iranian, Iran

☆ The US Navy is burning through missiles in the Middle East that it would need in a war with China
▼ + stars: | 2024-10-11 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +9 min

The US Navy has been burning through interceptors fighting in Middle East conflicts, including the valuable SM-3. AdvertisementUS Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats. But it's not just the SM-3 that the Navy is using up battling foes in the Middle East. In a short-range engagement, China's missiles wouldn't need to travel as high, and they would likely have shorter flight times and travel at slower speeds. And the number of Tomahawk Land Attack Missiles, long-range cruise missiles designed by RTX, being produced has decreased annually as well.

Persons: —, RTX, Archer Macy, Fitzgerald, Bryan McGrath, it's, Yemen that's, Macy, Navy Carlos Del Toro, Del Toro, Jim Fein, Fein, Sen, Roger Wicker, Wicker, Bryan Clark, Burke, Laura Radspinner, Clark Organizations: US Navy, Service, Navy, Mitsubishi Heavy Industries, Combat, US, Iranian, Getty, Center for Strategic, Studies ' Missile Defense, Pentagon, The Heritage Foundation, Republican, Senate Armed Services Committee, Biden, Hudson Institute, Stout Locations: Middle East, China, Israel, Iran, Iranian, USS, Erie, Yemen, Gulf of Aden, Lake Erie

☆ A US Navy missile that just scored its first kill this year got another workout against Iranian weapons
▼ + stars: | 2024-10-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

US Navy warships defending Israel from Iran's missile attack on Tuesday fired SM-3 interceptors. The SM-3 scored its first-ever kill while defending Israel in April from an Iranian bombardment. AdvertisementThe US Navy warships that engaged a massive barrage of Iranian ballistic missiles in defense of Israel on Tuesday fired SM-3 interceptors, a weapon that scored its first-ever kill earlier this year. Two destroyers operating in the Eastern Mediterranean Sea fired around a dozen interceptors at the Iranian missiles, a number of which were shot down. A Navy official confirmed to Business Insider on Thursday that the destroyers fired the Standard Missile 3, or SM-3, during the battle.

Persons: —, Navy Carlos Del Toro, Hassan Nasrallah, Ismail Haniyeh, Bill Urban, USS Cole, USS Bulkeley Organizations: Service, US Navy, Tuesday, Navy, Business, Combat, USNI, US, White House, US Naval Forces Locations: Israel, Iran, China, Tehran, US Naval Forces Europe, Africa

☆ Mini-moons like the one Earth just captured could be huge business opportunities
▼ + stars: | 2024-09-30 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

The second moon that Earth has captured in its orbit this month is an asteroid called 2024 PT5. Mini-moons like this could be ideal targets for asteroid mining to send humans deeper into space. Space mining could be huge, since some asteroids are worth more than our entire global economy. Some startups are trying to figure out how to start mining space rocks, and do it in a cost-effective way. "Either if you are thinking about collecting mineral samples for research or starting a space mining venture, mini-moons are your best bet to get your business off the ground," he said.

Persons: —, it's, Carlos de la Fuente Marcos, Elon, Marcos, Teddy Kareta, Mars, Richard Binzel, they're, Kareta Organizations: Service, NASA, Business, Lowell Observatory, JPL, Caltech, ASU, SpaceX, MIT Locations: Mars, Earth's

☆ Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus
▼ + stars: | 2024-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .

Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .

The asteroid, dubbed 2024 PT5, is 33 feet long — roughly equivalent to a standard school bus. The asteroid is expected to enter Earth’s orbit Sunday and lurk there until Nov. 25, just over 56 days, Marcos said. Astronomers in Arizona spotted a different visiting mini-moon — a tiny asteroid named 2020 CD3 — in Earth’s orbit in February 2020. “A short mini-moon episode may last hours, days, weeks or a few months, and the affected object does not complete one revolution around Earth,” he said in an email. An early warning system for asteroids known as ATLAS (short for Asteroid Terrestrial-impact Last Alert System) discovered 2024 PT5 in early August.

Persons: ”, Carlos de la Fuente Marcos, Marcos, It’s, ” Marcos Organizations: American Astronomical Society, Gran, Canarias, NASA, University of Hawaii Locations: Spain, Arizona, Canary

☆ Earth is about to have a temporary ‘mini-moon’
▼ + stars: | 2024-09-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

But as a mini-moon, Asteroid 2024 PT5 isn’t in any danger of colliding with Earth now or over the next few decades, de la Fuente Marcos said. Asteroid 2020 CD3 is considered a long-capture mini-moon, while the newly detected Asteroid 2024 PT5 is a short-capture one. Short mini-moon events can occur several times per decade, but long mini-moon events are rare, and only occur every 10 or 20 years, de la Fuente Marcos said. “In order to become a mini-moon, an incoming body has to approach Earth slowly at close range,” de la Fuente Marcos said. After 56.6 days, the sun’s gravitational pull will bring Asteroid 2024 PT5 back into its normal orbit.

Persons: PT5, Carlos de la Fuente Marcos, la Fuente Marcos, orbiters, flybys, It’s, ”, Robert Jedicke, ” Jedicke, Jedicke, “ Organizations: CNN, American Astronomical Society, Astronomers, NASA, Complutense University of Madrid, University of Hawaii’s Institute for Astronomy, Gran, Canarias, Telescope Locations: South Africa, Chelyabinsk, Russia, Hiroshima, Japan, Mars, Canary, Earth

☆ US Navy's new submarines are 'in crisis' as costs balloon by $17 billion, lawmaker says
▼ + stars: | 2024-09-20 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The news comes after a major report earlier this year revealed the Navy's biggest projects, including new Virginia-class submarines, were facing severe delays of up to three years. Absent today's intervention, I have zero confidence that Navy shipbuilding will get back on track." The Navy attributed shipbuilding delays across its top programs to COVID-19's impact on the workforce and supply chain. "Somehow, the Navy continues to assert that commitments to INDOPACOM and our AUKUS partners remain on track" despite Virginia-class delays, he said. Virginia-class submarines are considered vital to the US' role in deterring and, if necessary, fighting China.

Persons: —, Ken Calvert, Calvert, Carlos Del Toro, Christopher Kastner, Politico, Del Toro Organizations: Service, Business, Navy, California Republican, General Dynamics Corp, Huntington Ingalls Industries, U.S . Navy, Shipyard, White, DOD, Pentagon, US Navy Public Affairs, Columbia, US Navy, US, Royal Australian Navy Locations: Virginia, California, Columbia, China, Australia

Unless you’re directly touching them, you’re not going to get infected.”How does mpox spread? Mpox, previously called monkeypox, is a virus that causes fevers, headaches, muscle aches and painful, open wounds on the skin. While Covid is a respiratory virus that spreads through the air, mpox is spread from person to person through close, skin-to-skin contact with those lesions. Clade I accounts for the latest mpox strain that’s driving the outbreak in parts of Africa. “It’s not airborne,” Taylor said, adding that there is no evidence that the mpox virus is mutating or spreading in a way that would prompt school closures.

Persons: “ I’M, Young ”, ‘, ’ ”, “, ”, Michelle Taylor, Christina Hutson, you’re, Paul Offit, “ That’s, ” Hutson, Carlos del Rio, Del, mpox, ” Taylor Organizations: World Health Organization, Health Department, Centers for Disease Control, Children’s Hospital of Philadelphia, Democratic, CDC, Emory University Locations: Shelby, Memphis , Tennessee, Africa, United States, Democratic Republic of Congo, DRC, Sweden, U.S, Atlanta, Del Rio

☆ New Covid shots are coming available. Here’s what experts say about when to get yours
▼ + stars: | 2024-08-23 | by ( Brenda Goodman | ) edition.cnn.com time to read: +5 min

CNN —Newly updated vaccines against Covid-19 will be in pharmacies soon, just as the US is experiencing a surge of infections. Experts say it depends on your health, whether you’ve recently had Covid-19, which vaccine you plan to get and when it’s convenient for you. For that reason, he’s going to hold off on getting the updated shot. Ranney noted that the updated mRNA shots from Pfizer and Moderna will probably be available first, with Novavax’s vaccine coming in a few weeks. “The reality is that we’ve had waves of Covid every summer for the last few years, and so I think we have to kind of do a reset or rethink about how we’re doing Covid vaccine delivery,” Hotez said.

Persons: you’ve, “ It’s, ”, Carlos del Rio, “, You’ve, Del, Paul Offit, Megan Ranney, Ranney, Peter Chin, “ I’m, I’m, you’re, ” Chin, Hong, Dr, Sanjay Gupta, Peter Hotez, ” Hotez Organizations: CNN, Covid, Emory University, Vaccine Education, Children’s Hospital of Philadelphia, Food, Yale School of Public Health, Pfizer, Moderna, University of California, ”, CNN Health, Texas Children’s Hospital Locations: Del Rio, San Francisco, Texas

CNN —Special counsel Jack Smith said Wednesday that he is appealing a judge’s decision to throw out the indictment against Donald Trump concerning his handling of classified documents. This means the shock ruling would be reviewed by judges from the 11th US Circuit Court of Appeals based in Atlanta. Cannon in her ruling on Monday had said that Smith’s appointment as special counsel was unconstitutional, warranting the dismissal of the case against Trump. Her decision was at odds with the rulings of judges across the country that rejected attacks on the legality of special counsel appointments. Absent a move to speed the appeal in the Trump documents case, it will likely take several months for the appeal to play out in the Atlanta-based appeals court.

Persons: Jack Smith, Donald Trump, Aileen Cannon, Cannon, Trump, Mark Meadows, George W, Bush, Smith, Walt Nauta, Carlos De Oliveira —, Merrick Garland, Smith —, Clarence Thomas, Thomas Organizations: CNN, Trump, FBI, Trump White House, Justice Department, Supreme, Circuit Locations: Atlanta, Mar, Lago, Georgia, Fort Pierce , Florida, Washington ,, Florida , Alabama

☆ Trump is now allowed to discuss classified documents case with potential witnesses and co-defendants after judge tosses charges
▼ + stars: | 2024-07-16 | by ( Katelyn | ) edition.cnn.com time to read: +3 min

CNN —A federal judge’s decision to toss out Donald Trump’s classified documents criminal case means the former president can now talk to his co-defendants and potential witnesses about what happened at Mar-a-Lago without facing consequences. That means Trump, his co-defendants and potential witnesses against them are no longer barred from discussing the case among each other. De Oliveira remains the property manager at Trump’s Mar-a-Lago Club in Florida. Such conditions are the norm in the federal district where the criminal case was brought. De Oliveira was “elated” Cannon dismissed the criminal case against him and the former president, his attorney John Irving told CNN.

Persons: Donald Trump’s, – Walt Nauta, Carlos De Oliveira –, Trump, De Oliveira, Aileen Cannon, Jack Smith, General Merrick Garland, ” Cannon, John Irving, ” Irving, “ Organizations: CNN, Southern, Southern District of, Trump, Republican National Convention, Trump’s, Lago, Prosecutors, Mar, The Justice Locations: Mar, Southern District, Southern District of Florida, Milwaukee, Florida

☆ Trump classified documents case dismissed by Judge Aileen Cannon over special counsel appointment
▼ + stars: | 2024-07-15 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The bombshell ruling by Judge Aileen Cannon in the U.S. District Court for the Southern District of Florida — who was appointed to that position by Trump — ruling comes two days after a would-be assassin narrowly missed killing Trump during a campaign rally in western Pennsylvania. A federal judge in Florida on Monday dismissed the criminal classified documents case against former President Donald Trump and two co-defendants, ruling that the appointment of special counsel Jack Smith as prosecutor for the case violated the appointments clause of the U.S. Constitution. The ruling is just the latest in a series of controversial rulings and decisions by Cannon that have been seen as favoring Trump. Trump still faces three other pending criminal prosecutions, all of which he had referenced in his Truth Social post. It is not clear yet how that ruling will affect the election case against him.

Persons: Trump's, Walt Nauta, Carlos De Oliveira, Trump, Judge Aileen Cannon, Trump —, Donald Trump, Jack Smith, Cannon, General Merrick Garland, —, Joe Biden's, Joe Biden, Tanya Chutkan, Chutkan Organizations: Republican National Convention, GOP, Southern, Southern District of, Trump, White, U.S . Constitution, U.S, Supreme, U.S . Senate, Washington , D.C, Manhattan, Democrat Justice Department Locations: Lago, Milwaukee, U.S, Southern District, Southern District of Florida, Pennsylvania, Florida, U.S ., United States, Washington ,, York, Georgia, Washington

☆ The US Navy needs to find more ships it can load up with missiles amid shipbuilding delays, Congress says with eyes on China
▼ + stars: | 2024-07-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCongress has requested that the US Navy conduct a study looking into other ships it can arm with missiles given the pressing need to maintain US naval power amid ongoing shipbuilding delays. AdvertisementThe committee report added that it doesn't believe the Navy is adequately preparing to meet requirements for those capabilities in the near-term. Related storiesThe request comes in response to delays on the first new Constellation-class guided missile frigate, which won't be delivered until at least 2029, three years behind schedule, per a Navy report earlier this year. Newport News Shipbuilding workers and Navy sailors walk past the USS George Washington as it rests pier side.

Persons: —, George Washington, Jonathon Gruenke, Frank Kendall, Carlos Del Toro Organizations: Service, US Navy, Business, US Senate Armed Services Committee, Pacific Command, Navy, Newport News Shipbuilding, Virginian, Tribune, Getty, Columbia, Department of Defense, Air Force, Commonwealth of Locations: China, People's Republic of China, Columbia, Okinawa, Guam, Commonwealth, Northern Mariana

☆ US Navy Super Hornets armed with SM-6s, a warship missile newly tested in combat, have been spotted in the Pacific
▼ + stars: | 2024-07-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Read previewUS Navy fighter aircraft have been spotted in the Pacific carrying an air-launched version of a powerful ship-fired interceptor missile that only recently debuted in combat. A US Navy spokesperson told Naval News that "the SM-6 Air Launched Configuration (ALC) was developed as part of the SM-6 family of missiles and is operationally deployed in the Navy today." CSIS also notes that "its tri-mission capability also presents opportunities for the Navy to arrange more efficient weapon loadouts onboard its guided missile ships." AdvertisementThe missiles observed on Navy aircraft at RIMPAC can be seen sporting AIM-174B designations, indicating that they are an air-to-air variant. AdvertisementExtended air-to-air range missiles in a new role could help the Navy plug gaps in countering long-range missiles that China is fielding, especially should Washington and Beijing clash some day.

Persons: —, Carl Vinson, Isaiah Williams, Navy Carlos Del Toro, pBur3mhRQs, 0L2bNLgTUi —, Justin Bronk, Derek Kelley, Bronk Organizations: Service, Navy, Pacific, Business, US Navy, Naval, Hornets, Nimitz, Hickam, RIM, Combat, Hornet, for Strategic, International Studies, Defense, Observers, U.S . Navy, 0L2bNLgTUi — Doha, Royal United Services Institute, Biden, American Navy, AIM Locations: Iran, China, Gulf, Aden, @Doha104p3, Washington, Beijing

☆ Peleliu: US Marine Corps rebuilds runway on site of ‘nightmare’ World War II battle
▼ + stars: | 2024-06-30 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

The Marines named the rebuilt landing strip the “Sledge” runway in honor of a veteran of the Peleliu battle, Pfc. The United States must recapitalize islands gained during World War II to form a Second Island Chain of strategic expeditionary points,” Georgulis wrote. For Washington, establishing strong ties to Pacific island states is also seen as a way to keep China from gaining footholds in the region. Along with the runway, US Marines are helping make improvements to the Peleliu Civic Center Museum, to house artifacts from the World War II battle. At an event last month marking the landing of the Marine aircraft on Peleliu, island Gov.

Persons: weren’t, Eugene Sledge, Corbis, Sledge, Grant Georgulis, ” Georgulis, Xi Jinping, Biden, Palauans, Carlos Del Toro, Del Toro, Surangel Whipps, Emais Roberts, ” Organizations: CNN, Marine Corps, Marines, KC, Heritage Command, 1st Marine Regiment, HBO, ” Troops, First Marine Division, Pentagon, “, US Air Force, US Defense Department, Marshall, Xinhua, US Coast Guard, US, Palau, Peleliu Civic Center Museum, Marine, Gov Locations: Peleliu, China, Palau, Okinawa, ”, Beijing, Japan, Philippines, United States, Marianas, Guam, China’s, Yap, Federated States, Micronesia, Pacific, Washington, Papua New Guinea, Solomon Islands, Palau’s, Koror, South Korea, Taiwan

CNN —Federal Judge Aileen Cannon said Tuesday she had “a hard time seeing” any problems with the warrant the FBI obtained to search former President Donald Trump’s Mar-a-Lago estate in the summer of 2022. Trump’s attorney Emil Bove had argued that the warrant was overly broad and unjustly allowed agents to search the entire Mar-a-Lago premises. Bove, like in other recent hearings in the classified documents case, wants the judge to hold even more hearings that could probe into the investigators’ work. “They purported to look for classified documents in a gym and a kitchen,” he added. Investigators say they found classified documents in various places at the resort, including a public ballroom, a bathroom and a bedroom.

Persons: Aileen Cannon, Donald Trump’s Mar, Cannon, Emil Bove, Trump, Walt Nauta, Carlos De Oliveira, Jack Smith, “ We’re, ” Bove, wasn’t, “, David Harbach sparred, Harbach, Bove, hadn’t, ” Organizations: CNN, FBI Locations: Lago, Fort Pierce , Florida, Cannon, Mar

☆ US Navy faces 'most intense combat since World War II' against Yemen's Iran-backed Houthi rebels, defense experts say
▼ + stars: | 2024-06-16 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US is facing its most intense battle since World War II against Yemen's Houthi rebels, experts say. "This is the most sustained combat that the US Navy has seen since World War II — easily, no question," he said. US warships from the US Navy's Dwight D. Eisenhower Carrier Strike Group had fired over 500 munitions fighting the Houthis, Business Insider reported on May 23. Sailors often have only a few seconds to confirm an incoming Houthi strike.

Persons: —, Yemen's Houthi, Bryan Clark, Navy submariner, Dwight D, CENTCOM, Yemen's, Mohammed Hamoud, National Intelligence Avril Haines, Cmdr, Eric Blomberg, Laboon, David Wroe, Eisenhower, Navy Carlos Del Toro, Biden, Brian Finucane, Fabian Hinz Organizations: Service, Navy, Hudson Institute, Associated Press, Business, US Navy, Congressional Research Service, Eisenhower Carrier Strike, military's, Command, National Intelligence, AP, Pentagon, Munitions, Crisis Group, Institute for Strategic Studies, Palestine Locations: Israel, Gaza, Red, Yemen, Iran, Palestine, Eilat, London

☆ US Navy warships are stuck in a Red Sea battle they can't fight forever
▼ + stars: | 2024-06-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Components of the Dwight D. Eisenhower Carrier Group steam in formation with the Italian navy in the Red Sea on June 7. A fighter jet parks on the deck of the USS Dwight D. Eisenhower in the Red Sea on June 11. Elements of the Eisenhower strike group have already left the Red Sea once to be rearmed and resupplied, and the Pentagon recently extended its monthslong deployment for a second time. A fighter jet is launched from the USS Dwight D. Eisenhower during a strike against Houthi military targets in Yemen on Feb. 3. A commercial ship in the Red Sea in March.

Persons: —, they've, Dwight D, Navy Carlos Del Toro, What's, Eisenhower, Bernat, National Intelligence Avril Haines, Joseph Votel, John Kirby, Jorge LeBaron, Haines, Biden, Brian Finucane, Finucane, Votel, Mohammed Hamoud, That's, Nadimi Organizations: Service, US Navy, Business, Washington, Eisenhower Carrier Group, Eisenhower Carrier Strike, Ike, Navy, Pentagon, US Central Command, AP, National Intelligence, White House National Security Council, BI, Handout, US, Crisis, US State Department, Screengrab, Ministry of Defense, Defense Intelligence Agency, Galaxy Leader, The Washington Institute for Near East Locations: Gulf of Aden, Yemen, Saudi Arabia, Israel, Western, Africa, Gaza, Persian, Bab, Red

☆ A US Navy carrier strike group locked in a Red Sea battle has fired over 500 munitions fighting the Houthis
▼ + stars: | 2024-05-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewThe US Navy carrier strike group battling the Houthis in the Red Sea has fired more than 500 munitions throughout its deployment, striking the rebels directly in Yemen and intercepting their missiles and drones. The strike group has leaned on its aircraft and warships to engage targets and defend against varying threats. Sailors observe as an F/A-18E Super Hornet lands on the flight deck aboard the Nimitz-class aircraft carrier USS Dwight D. Eisenhower in the Red Sea on March 12. Aircraft from the strike group have flown more than 27,200 hours across over 12,100 sorties. The Arleigh Burke-class guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on Oct. 19.

Persons: —, Dwight D, Eisenhower, Navy Carlos Del Toro, Arleigh Burke, Carney, Aaron Lau, National Intelligence Avril Haines, We've, It's Organizations: Service, US Navy, Eisenhower Carrier Strike, Ike, Business, Nimitz, Hornet, EA, Aircraft, Navy, Tomahawk, National Intelligence, Pentagon Locations: Yemen, Gulf, Aden, Iran, Hessen

☆ Judge holds first hearing since delaying Trump classified documents trial and criticizing special counsel
▼ + stars: | 2024-05-22 | by ( Tierney Sneed | ) edition.cnn.com time to read: +4 min

US District Judge Aileen Cannon will hear arguments from defense attorneys on two separate bids to throw out charges in the case. Trump is accused by special counsel Jack Smith of taking classified national defense documents from the White House after he left office and of resisting the government’s attempts to retrieve the materials. Trump has obtained permission from the judge to skip Wednesday’s proceedings, which will start at 10 a.m. On Tuesday, hundreds of pages of previously sealed court filings were posted publicly as part of efforts by the former president to have the charges against him thrown out. She expressed “concern” the special counsel’s office had sought redactions of information in the newly unsealed filings after previously giving its OK for that information to be published in full in earlier court filings.

Persons: Donald Trump, Aileen Cannon, Walt Nauta, vindictively, Trump, Jack Smith, Carlos De Oliveira, Cannon, White, Donald Trump’s Mar, –, she’s, ” Cannon, “, ” Organizations: CNN, White, Nauta, Trump, US Department of Justice Locations: Florida, Lago, Fort Pierce , Florida, Palm Beach , Florida, Washington ,

CNN —Months before Donald Trump was indicted for mishandling classified documents, a federal judge said that investigators had “strong evidence” that the former president “intended” to hide classified documents at his Mar-a-Lago resort, according to newly released court documents. Judge Beryl Howell cited, among other things, the discovery of additional classified documents found at Mar-a-Lago months after the FBI’s search of the property in the summer of 2022. The ruling was among hundreds of pages of previously sealed filings that were publicly docketed Tuesday in the criminal classified documents case against Trump. Nauta has been charged alongside Trump and Mar-a-Lago property manager Carlos De Oliveira in the case, facing charges of mishandling sensitive or classified materials and obstruction. The case against Trump, brought last summer, is currently in front of Judge Aileen Cannon in Fort Pierce, Florida.

Persons: Donald Trump, “, Beryl Howell, ” Howell, Walt Nauta, Nauta, Carlos De Oliveira, –, Trump, Aileen Cannon, Cannon, Judge, Evan Corcoran, Howell’s, Corcoran, Howell, Barack Obama, ”, Donald Trump’s Mar, US Department of Justice Corcoran, Trump “ Organizations: CNN, Trump, Prosecutors, Mar, US Department of Justice, National Archives, Lago FBI Locations: Lago, Mar, Fort Pierce , Florida, South Florida, Palm Beach , Florida, Florida, Corcoran

☆ The US is worried about an invasion, but China could take control of Taiwan without firing a shot, war experts warn
▼ + stars: | 2024-05-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Defense experts say that an aggressive Chinese coercion campaign, short of war but still threatening, is more likely than a full-scale invasion and the US needs to prepare for such an event. Economic and diplomatic pressure is notable, and Chinese misinformation operations and the potential to slowly set up a blockade of Taiwan are also concerns. Annabelle Chih/Getty ImagesThe report identifies four things key to resisting Chinese coercion. CM-11 tanks fire artillery during the 2-day live-fire drill, amid intensifying threats military from China, in Pingtung county, Taiwan, 7 September 2022.

Persons: —, Han, Annabelle Chih, MANDY CHENG, Lai Ching, Lai, Ceng Shou Yi, John Aquilano, Xi, Aquilano, Carlos Del Toro, Frank Kendall Organizations: Service, Business, American Enterprise Institute, Institute for, Liberation Army, PLA, AEI, Cobra, Getty, Democratic Progressive Party, Taiwan, Getty Images, US, Pacific Command, US Armed Services, Air Force, Department of Defense Locations: Taiwan, China, Pingtung, US, Pacific, Hualien, AFP, Pingtung county, Guam, Japan

☆ This year's biggest air battles are showing the US what it could need most in a missile war with China
▼ + stars: | 2024-05-15 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +13 min

AP Photo/Evgeniy Maloletka, FileThe war has shown how effective air defenses can be at denying air superiority, protecting key areas, and threatening high-value aircraft, as well as the costs when capabilities are degraded. Ukraine's air defenses, like its Soviet-era S-300s and US-supplied Patriots, have defeated enemy missile and drone strikes, hindered Russian air operations, and shot down numerous fighter-bombers and other Russian planes. "Ukraine and NATO might reduce risks with a two-prong strategy of strengthening air defenses and boosting infrastructure resilience." Needing more interceptors for the PacificFrom the fights this year, the US can see how it'll need to employ air defenses in a potential showdown with China. Running out of air defenses before the enemy runs out of air threats spells trouble.

Persons: —, Bradley Martin, Evgeniy, Volodymyr Zelenskyy, Firefighters, Archer Macy, Martin, Shaan Shaikh, We've, Amir Cohen TPX, Shaikh, it's, Andy Wong, Thomas Shugart, Shugart, Joshua Smoot, Heath Collins, Navy Carlos Del Toro, Macy, Mark Wright Organizations: Service, Business, US Navy, Ukraine, AP, Patriots, Institute for, Emergency, Ministry, RAND Corporation, NATO, Western, Central Command, Combat, Navy, RAND, Patriot, US, Missile Defense, Center for Strategic, International Studies, REUTERS, China, Pentagon, Defense, Center, New, Air Force, 37th Expeditionary Bomb Squadron, Andersen Air Force Base, US Air Force, Aegis, Missile Defense Agency, Former Navy, CSIS, Pacific Missile, AP Air Locations: China, Ukraine, Israel, Navy, Russia, Congress, Avdiivka, Kharkiv, Russian, Kyiv, NATO, Yemen, Gulf of Aden, Iran, Red, Screengrab, French, Ashdod, South Korea, Japan, Guam, Beijing, New American, Gen, Kauai, Hawaii

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