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Fund manager Cole Smead has described the meme stock craze as "frankly stupid," as day traders once again pile into GameStop and AMC . The jump was seemingly prompted by a post on social media platform X by "Roaring Kitty," who in 2021 encouraged an army of day traders to pile into GameStop. In premarket trading on Tuesday, shares in GameStop and AMC were up 47% and 51% respectively at 6 a.m. E.T. Quoting "the late, great Charlie Munger," Smead said the day traders were "just taking in rat poison." Munger, who passed away last year, was the vice chairman of Berkshire Hathaway and famously described cryptocurrency as "rat poison."
Persons: Cole Smead, You've, Roaring, Kitty, Keith Gill, E.T, Charlie Munger, Smead, Munger, Berkshire Hathaway, Yun Li, Fred Imbert Organizations: GameStop, AMC, Smead Capital Management, Massachusetts Mutual Life Insurance, Berkshire
Wall Street is feeling meme stock déjà vu. The shares of the movie theater chain AMC Entertainment were similarly buoyant, and obscure cryptocurrencies named after Roaring Kitty and GameStop posted huge gains. Retail traders have been spurred on by the return of Roaring Kitty to social media after a three-year hiatus. Aside from Roaring Kitty’s return to social media, the rally was not driven by any evident news about GameStop or AMC. “Given my past experience in analyzing the periodic bouts of meme stock activity, consider me suspicious,” Sosnick wrote in a research note.
Persons: Keith Gill, Roaring, Gill, Steve Sosnick, ” Sosnick Organizations: GameStop, Netflix, AMC Entertainment, Retail, AMC, Interactive
An Army officer assigned to the Defense Intelligence Agency has resigned in protest over the United States’ support for Israel, which he said had “enabled and empowered” the killing of Palestinian civilians. The officer, Maj. Harrison Mann, announced his resignation and explained his reasons for leaving the service in a post on the social media site LinkedIn on Monday. According to his biography on the site, he has specialized in the Middle East and Africa for about half of his 13-year career and previously served at the U.S. Embassy in Tunis. “The policy that has never been far from my mind for the past six months is the nearly unqualified support for the government of Israel, which has enabled and empowered the killing and starvation of tens of thousands of innocent Palestinians,” Major Mann wrote in the post, which noted that he had previously emailed his comments to co-workers on April 16. “This unconditional support also encourages reckless escalation that risks wider war.”
Persons: Harrison Mann, ” Major Mann, Organizations: Army, Defense Intelligence Agency, Israel, U.S, Embassy Locations: United States, East, Africa, Tunis, , Israel
GameStop shares rallied more than 40% in premarket trading Monday after "Roaring Kitty," the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years. Roaring Kitty, whose legal name is Keith Gill, is a former marketer for Massachusetts Mutual Life Insurance. Currently, the short position in GameStop shares amounts to more than 24% of all its shares that are freely-available to trade, also known as the float. In response, one Robinhood user filed a class-action lawsuit following the app's decision to restrict GameStop trading on its platform. Another class-action lawsuit brought against Gill alleged that he pretended to be a novice trader despite being a licensed professional.
Persons: Roaring Kitty, Keith Gill, Gill, Capital, Ken Griffin's, Robinhood, Melvin Capital, Paul Dano Organizations: GameStop, Massachusetts Mutual Life Insurance, Ken Griffin's Citadel, Citadel Locations: Reddit
Between 2020 and 2021, he became one of the key internet personas who encouraged an army of day traders to heavily invest in GameStop, kicking off the "meme stock" frenzy. And in 2024, it appears that meme stocks are rallying again. Short sellers are individual investors or hedge funds who believe a certain stock's price will decline. If the stock price doesn't fall the way the short sellers anticipated, they can lose money, as happened with GameStop. Investors should also be wary of chasing meme stocks with the expectation of earning a profit.
Persons: Keith Gill, he's, Gill isn't Organizations: GameStop
The jaw-dropping rally in GameStop on Monday has already caused losses of $1 billion for short sellers, according to data from S3 Partners. "Expect short covering in this stock as it already had a 100/100 squeeze score prior to today's trading," said Ihor Dusaniwsky, S3 managing director of predictive analytics. Currently, the short position in GameStop shares amounts to more than 24% of all its shares that are freely available to trade, also known as the float, according to FactSet. Including Monday's losses, short sellers in GameStop have lost $1.43 billion in May alone, according to S3. "Short sellers may be in for a bumpy and bloody ride in these stocks," Dusaniwsky said.
Persons: Ihor, Roaring, Keith Gill, Dusaniwsky, Reddit, — CNBC's Scott Schnipper Organizations: GameStop, New York Stock Exchange, S3 Partners, Partners, AMC
As the surprise success of “Baby Reindeer,” the Netflix drama about a comedian and his stalker, has highlighted the complications that can arise from basing a popular series on real events, a woman who claims to be the inspiration for the stalker character said on Thursday that much of the show’s plot was untrue, calling it a “work of fiction.”In the four weeks since “Baby Reindeer” debuted, it has been viewed more than 56 million times, according to data released by Netflix. The intense interest in the seven-episode series, which is billed as a true story based on the experience of the comedian Richard Gadd, has also spawned an army of amateur detectives trying to uncover the actual identities of the characters onscreen. Those efforts have resulted in the online abuse of a British writer and director as well as blowback for Netflix officials, one of whom was questioned about the streamer’s “duty of care” by a British lawmaker this week. Gadd has all but begged internet sleuths to stop digging, writing on social media: “Please don’t speculate on who any of the real life people could be. That’s not the point of the show.”But in an interview that ran Thursday, Fiona Harvey, who says that the show’s stalker character was modeled after her, provided her side of the story on camera for the first time.
Persons: Richard Gadd, Gadd, That’s, Fiona Harvey Organizations: Netflix Locations: British
Opinion: Russia can lose this war
  + stars: | 2024-05-08 | by ( Opinion Timothy Snyder | ) edition.cnn.com   time to read: +6 min
And far too many of us, during Russia’s war of aggression in Ukraine, have believed that. Of its three most consequential foreign wars, the Red Army lost two. And the Russian army of today is not the Red Army. It was disproportionately Ukrainians who fought their war to Berlin in the uniform of the Red Army. Russia can lose this war, and should, for the sake of Russians themselves.
Persons: Timothy Snyder, Richard C, Levin, , , Read, Leonid Brezhnev, Putin, Alexander Nemenov, Brezhnev, Vladimir Putin, Robert Nickelsberg Organizations: Global Affairs, Yale University, CNN, Russia, Getty, Red, Red Army, Soviet, Lease, Russian Empire, Russo, Fascism Locations: Nazi Germany, Russia, Ukraine, AFP, Poland, Afghanistan, USSR, Soviet Ukraine, Berlin, United States, Russian, Crimean, Japanese, Europe, Pacific, Kabul, Soviet Union, Crimea, Japan, Soviet, Ukrainian
Her trip inside B-15 marked the first time anyone ever dove beneath an iceberg. Professional diver Jill Heinerth has been exploring Earth's oceans for 35 years. Once inside, Heinerth described it as "this dynamic environment that's beautiful. During their second dive inside B15, they got caught in a powerful current sucking them deeper inside the iceberg. AdvertisementSince Heinerth's dive, iceberg B15 has almost entirely melted away.
Persons: Jill Heinerth, She's, it's, Heinerth, Jill, gobsmacked, www.IntoThePlanet.com Organizations: Service, Business, Disney, WBUR, NASA Locations: Jamaica, Antarctica, B15
Trial date: Delayed indefinitely. On Tuesday, Cannon scratched the planned May trial date and did not pencil in a new one. Trial date: Delayed indefinitely. Trump’s effort to disqualify the prosecutor in Georgia continuesIndictment: August 14, 2023. Trial date: Delayed indefinitely.
Persons: Donald Trump’s, Disproving, Trump, Aileen Cannon, Cannon, Jack Smith, Trump’s, Ty Cobb, CNN’s Erin Burnett, , ” Cobb, Burnett, Cobb, , Smith, Fani Willis, shouldn’t, Judge Scott McAfee’s, Willis, Stormy Daniels, Daniels, Michael Cohen, Cohen Organizations: CNN, Trump, National Archives, White, Court, Seal, The Georgia, Appeals, New Locations: New York, New York , Florida, Georgia, Washington, DC, Florida, Washington ,, Fulton County
CNN —An American soldier arrested in Russia on suspicion of theft will be detained for two months, a Russian district court said Tuesday. A Russian Foreign Ministry representative told Russian state media TASS on Tuesday that the case is “not related to politics or espionage.”“As far as we understand, this is a purely domestic crime. The arrest comes at a time of huge tension between the US and Russia as the war with Ukraine continues. The soldier was stationed in South Korea when he took leave to travel to Russia on his own, according to another US official. “I am deeply concerned by reports that a US Army officer has been detained in Russia,” House Foreign Affairs Committee Chairman Michael McCaul said Monday.
Persons: , Gordon Black, Evan Gershkovich, Marine Paul Whelan, Michael McCaul, “ Putin, , ” CNN’s Natasha Bertrand, Oren Liebermann, Kylie Atwood Organizations: CNN, Russian Foreign Ministry, TASS, Ministry of Foreign Affairs, US State Department, Street, Marine, US Army, , Foreign, State Department Locations: American, Russia, Russian, Pervomaisky, Vladivostok, Ukraine, South Korea, Cavazos, Texas
“I think it is at the center of one of the worst crises for American democracy this century, certainly in recent decades,” Applebaum told me by phone Tuesday. “They don’t believe journalists. They don’t believe independent ombudsman. They don’t believe institutions or science. It is not possible to understand why Trump continues to hold a firm grip over the Republican Party without understanding the propaganda machine at his disposal.
Persons: CNN — Anne Applebaum, , Donald Trump, Applebaum, authoritarians —, ” Applebaum, Vladimir Putin’s, Vladimir Putin’s Russia “, Trump, Rupert Murdoch, Tucker Carlson, Sean Hannity, Steve Bannon, , it’s, Steve Bannon’s, that’s, David Muir, Lester Holt, Norah O’Donnell, Carlson, MAGA Organizations: CNN, Trump, Putin, Sputnik, MAGA Media, New York Times, Washington, Fox News, Republican Party Locations: U.S, Vladimir Putin’s Russia, Ukraine
Worry not, padawans: CNN has laid out a comprehensive timeline of the “Star Wars” canon so you can follow all of the franchise’s time-jumps without getting lost in space. These details are pulled from the official “Star Wars” resources “Ultimate Star Wars” and “Star Wars Character Encyclopedia,” as well as a chart of the eras explored throughout the franchise. ‘Star Wars: The Clone Wars’ (animated series)Ahsoka is Anakin's padawan in "The Clone Wars," and he lovingly calls her "Snips." ‘Star Wars Rebels’Kanan Jarrus, Zeb Orrelios and Sabine Wren take on the Empire in "Star Wars Rebels." ‘Rogue One: A Star Wars Story’Heroes attempt to find the plans to blow up the Death Star in "Rogue One."
Persons: we’ve, Rey Skywalker, Jin, Anakin Skywalker, Wan, Anakin, who’s, Anakin’s, Darth Maul, Palpatine, Darth Sidious, Obi, , Padmé, , Count Dooku, Warner, Ahsoka Tano, Sidious, Darth Vader, Luke, Leia, Vader, , Han, Chewie, Jonathan Olley, scoundrel Han, Thrillist, frenemy, Lando Calrissian, ‘ Obi, Kanan Jarrus, Zeb Orrelios, Sabine Wren, ‘ Andor, Cassian Andor, Jyn Erso, Jyn, ’ Luke, , Yoda, batty, Lando, Yikes, Jabba, redeems, VI, VII, Grogu, Mando, Boba Fett, Jango Fett, flitted, Boba, Din, ” It’s, Ahsoka, Jabba the, Suzanne Tenner, Ezra Bridger, Hera Syndulla, Thrawn, Rey, Kylo Ren, ” Rey, stormtrooper Finn, Kylo, ’ Finn, Phasma, Ren, Snoke, MacGuffin, Poe, Emperor Palpatine, she’s, Jude, Kerry Condon, Lee Jung, jae, Amandla, Leslye Headland, James Mangold, Indiana Jones, Dave Filoni, Daisy Ridley Organizations: CNN, , “ Star, Lucasfilm, Everett, Lucasfilm Ltd, USA, , Warner Bros, Fox, Empire, Tech, Disney, Walt Disney Studios, ‘ Star Wars Rebels, Star Wars Rebels, AV, Pictures, Rebel, Rebels, Galaxy, imperials, Rotten, “ Star Wars Rebels, Force, Rey, C3PO, Jude Law, Variety Locations: Yavin, , Republic, Hunter, Luke’s, , USA, carbonite, New Republic, Endor
Tai chi, a traditional Chinese martial art known for slow, gentle movements, which she said helped her stress-proof her routine. "It was like I discovered a secret scroll because no one talked about tai chi in this way." How tai chi can make you mentally and physically stronger as you ageChock found tai chi by accident. Practicing tai chi has been linked to better wellbeing, lower risk of anxiety, and fewer symptoms of depression in some studies. "Tai chi is a way for you to understand these philosophies in life by learning them through your body.
Persons: , Shirley Chock, Chock, Tai Chi, Santiago Sepulveda Organizations: Service, Yale, Business Locations: Connecticut
A video showing the aftermath of the strike that killed Shahed captured her sprawled on the ground next to her friends, her pink pants impossible to miss. Every time she came in, she said, ‘Mom.’ I would say, ‘My soul, my soul,’” Awda Talla told CNN. An analysis of the site of the attack, documented by a freelance journalist working for CNN in Gaza, paints a very different picture of Israeli military responsibility. Israeli military’s shifting responseCNN has pressed the Israeli military for details about the strike, which took place on April 16 at about 3:40 p.m., according to video evidence. The Israeli military declined to provide any additional evidence to back up its claims.
Persons: Mona Awda Talla, Shahed, Awda Talla, , Chris Cobb, Smith, It’s, ” Cobb, , Shahed’s, Chris Lincoln, Jones, Cobb, , Maghazi, ” Mahmoud Beha Abdel Lattif, I’m, , , ” Sama, Ahmed Abu Jayyab Organizations: CNN, , British Army, CNN CNN, Artillery, Armament Research Services, Israel Defense Forces, IDF Locations: Gaza’s Al, Gaza, Israel, Israeli, Shahed, British, Al, Aqsa
Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.
Persons: , AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio
Read previewA British auction house has been criticized after listing 18 human skulls from ancient Egypt. But experts have raised objections, and have asked for a review of laws around the sale of human remains. This latest episode offers a window into the strange trade in human remains, which is legal in many places worldwide. The shrunken head problemVan Broekhoven has had to grapple with the issue of handling human remains in museum collections. The Pitt Rivers Museum has a collection of shrunken heads — some human — along with other human remains, which were taken off display in 2020.
Persons: , Dan Hicks, Hicks, Augustus Henry Lane Fox, Pitt Rivers, Semley Auctioneers, Laura Van Broekhoven, Van Broekhoven, there's Organizations: Service, Business, Pitt Rivers Museum, Augustus Henry Lane Fox Pitt Rivers, Oxford University Locations: Egypt, Thebes, Benin, Augustus Henry Lane Fox Pitt, Indonesian
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.
Persons: , HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's
The town of Abernathy also reported a water system hack, and the towns of Lockney and Hale Center said hackers tried to breach their water infrastructure but did not succeed. Unlike how David was ready to take on Goliath, our most vulnerable critical infrastructure systems – including water infrastructure – are ill-prepared. The water attacks we’ve seen so far have not had serious consequences for the people they serve. According to the EPA, 90% of the nation’s community water systems are small, public systems bringing water to 10,000 or fewer customers. If we really want to help water utilities defend against cyber threats, we have to close the resource gap.
Persons: Robert M, Lee Dragos, David, we’ve, , Iran –, Homeland Security’s Organizations: CNN, Cyber Army, Hale Center, Islamic Revolutionary Guard Corps, FBI, Rehabilitation, Government, Department, Homeland, Infrastructure Security Agency, National Security Agency, Environmental Protection Agency, Department of Homeland, Local Locations: Russia, Texas, Muleshoe, Abernathy, Lockney, Aliquippa , Pennsylvania, United States, China, North Korea, Iran, Department of Homeland Security’s State
One of the architects of that plan for a Trump second term said as much in a video last year for the Heritage Foundation. Reissuing Schedule F is part of a roadmap, known as Project 2025, drafted for a second Trump term by scores of conservative groups and published by the Heritage Foundation. The new rules would not fully block reclassifying workers in a second Trump term. Greene said she worries for federal workers who might face the same choice in a second Trump term. The project includes a personnel database for potential hires in a second Trump administration.
Persons: Donald Trump, it’s, , Trump, Joe Biden, Donald Moynihan, Georgetown University's, ” Donald Moynihan, ” Moynihan, “ It’s, , Russell Vought, , you’re, Doreen Greenwald, Moynihan, Kenneth Baer, Barack Obama, ” Kenneth Baer, Peter Orszag, Pete Souza, Robert Shea, Eva Shea, George W, Bush, Laura Bush, Tina Hager, ” Biden, Baer, George Frey, ” Trump, Max Stier, Verna Daniels, ” Daniels, Catherine Greene, ” Greene, Tom Bewick, NIFA, ” Bewick, we’ll, Greene, Biden, “ We’ve, He’s, Hillary Clinton, he’d, James Comey, Bill Barr, Barr, Jeffrey Clark, Clark, Mark Meadows, Stephen Miller, Peter Navarro, he’ll Organizations: CNN, United, Republican, Democratic, Trump, , Georgetown, Georgetown University's McCourt School, Public, Georgetown University, Heritage Foundation, Management, Budget, of Justice, FBI, Environmental Protection Agency, Vought, National Treasury Employees Union, OMB, White, Personnel Management, Land Management, Department of Agriculture, Kansas City, Partnership for Public Service, Government, Office, GAO, Economic Research Service, National Institute of Food, Agriculture, USDA, National Institute for Food, NIFA, Applied Economics Association, BLM, Getty, Department of Justice, Justice Department, Univision, Justice, Department, U.S . Justice, Center, Washington Post, National Security and Intelligence, of Homeland Security, of Education and Commerce, Federal Communications Commission, Federal Trade Commission Locations: United States, Washington, Georgetown, , Colorado, DC, Kansas, Colorado, Virginia, America, Grand Junction, Washington ,, New York City, New York, Georgia
Reuters —Burkina Faso’s military in February summarily executed about 223 villagers, including at least 56 children, as part of a campaign against civilians accused of collaborating with jihadist militants, Human Rights Watch (HRW) said on Thursday. The spokesperson for the Burkina Faso government did not respond to phone calls seeking comment on the HRW report. Retaliatory attacksRights groups have previously accused the military in junta-ruled Burkina Faso of attacking and killing civilians suspected of collaborating with militants in retaliatory operations. Burkina Faso is one of several Sahel nations that have been struggling to contain Islamist insurgencies linked to al Qaeda and Islamic State that have spread from neighboring Mali since 2012, killing thousands and displacing millions. Frustrations over authorities’ failure to protect civilians have contributed to two coups in Mali, two in Burkina Faso and one in Niger since 2020.
Persons: Witnesses, HRW, Tirana Hassan, Mali’s Organizations: Reuters, Burkina, jihadist, Human Rights Watch, Ouahigouya, HRW, Facebook, Burkina Faso, Authorities, Rights Watch, Burkinabe, African Union, United Nations, Islamic Locations: Burkina Faso’s, Yatenga, Burkina Faso, Komsilga, Burkina, Nodin, Soro, al Qaeda, Islamic State, Mali, Niger
The richest 0.1% of Americans own $1.8 trillion in real estate, according to the Federal Reserve. Currently, individuals and married couples can gift or bequeath $13.61 million and $27.22 million, respectively, before a 40% federal estate tax kicks in. Here are nine little-known techniques that wealthy real estate owners use to pay less to Uncle Sam:Qualified personal residence trusts, better known as "QPRTs," effectively freeze the value of a real estate property for tax purposes. With an FLP, an individual — often a parent or two parents — pools their business assets, commonly real estate or stocks. The heirs don't own the trust assets, but rather have lifetime rights to the trust's income and real estate.
Persons: Uncle Sam, Trump, Sam Walton, Wrigley, Jeff Bezos, Rich, Ron Wyden, PPLI, Jackie O, I've, Edward Renn, remarries Organizations: Federal, Business, Walmart, Biden, Blackstone, Lombard, Taxpayers, IRS Locations: Trump, Florida, Wyoming, Plenty
In the Metropolitan Opera’s new production of “El Niño,” which reimagines the story of Jesus’ birth and early childhood, there are singing and dancing Virgin Marys, Marys of the land and sea; there’s an Indigenous Mary, a Tropical Mary, a Golden Mary. In the director Lileana Blain-Cruz’s vision, the action takes place across multiple “planes.” It could be a lot to take in. Thankfully for Mr. Levi Blanco, 39, he has developed something of a shorthand while working with Ms. Blain-Cruz, whom he has known since he was an M.F.A. The pair have collaborated several times, including on “The Skin of Our Teeth,” for which Mr. Levi Blanco won a Tony Award in 2022. In the case of “El Niño,” painterly scenery by the set designer Adam Rigg evokes the natural environment.
Persons: El, Jesus ’, Virgin Marys, Marys, Montana Levi Blanco, John Adams, Peter Sellars’s, Lileana Blain, Levi Blanco, . Blain, Cruz, Adam Rigg Organizations: Metropolitan, Yale School of Drama Locations: Mary
A US Army officer said military trainers had warned soldiers of the dangers of cellphone use. Ukraine has used Russian soldiers' cellular data to locate and target their positions. But they are also potentially lethal for the soldiers carrying them, a US Army officer has said. Maj. Gen. Curtis Taylor told Jack Detsch, a reporter at Foreign Policy, that Army trainers had been warning soldiers about the dangers of taking cellphones on operations. Russian sources claim 89 soldiers were killed in the strikes, while Ukraine put the number at around 400.
Persons: , Curtis Taylor, Jack Detsch, We've, Taylor, Fort Irwin, Dimitar Dilkoff, Enea, Lockheed Martin Organizations: US Army, Policy, Service, Foreign, Army, National Training Center, Fort, Getty, Russian Ministry of Defense, M142, Artillery Rocket Systems, Sky News, Lockheed Locations: Ukraine, Russian, Ukrainian, AFP, Russia, Makiivka, Leer
Fearing that its Stryker armored vehicles were outgunned by Russian and Chinese designs, the US Army had an idea for a quick fix: Develop an unmanned Stryker turret with a 30-mm autocannon. The Army obliged in 2018 with the Infantry Carrier Vehicle-Dragoon, which added a remote-controlled 30-mm gun turret — manufactured by Norwegian firm Kongsberg — to 91 flat-bottom-hull versions of the Strykers. This would be enough to upgrade Strykers in three brigades of 83 vehicles each, plus an additional 20 for testing. Instead of a Kongsberg MCT-30 turret, the vehicles would receive a Samson turret made by Israeli firm Rafael. A big red flag should have been the glitches in the turret software that degraded the 30-mm cannon's accuracy.
Persons: Germany —, Rafael, Stryker, Kevin Payne, Mona Sehgal, Sehgal, Michael Peck Organizations: Service, Stryker, US Army, Business, Army, 2nd Cavalry Regiment, General Dynamics Land Systems, VN, Infantry Carrier Vehicle, Dynamics, The Army, Systems, Oshkosh Systems, Northrop, Hull, GAO, Oshkosh, Department of Defense, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Asia, Germany, Russia, Norwegian, Kongsberg, Oshkosh, Forbes
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