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☆ AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way
▼ + stars: | 2024-11-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. By the time the Covid pandemic shuttered theaters and shut down Hollywood, AMC was already $5 billion in the red. Despite the better-than-expected box office performance, AMC saw a 12% decline in attendance during the period. "They talked a lot about new investments and upgrading their theaters and expanding their premium screens, adding XL screens.

Persons: Leonardo Munoz, Cinemark, it's, Adam Aron, they're, Eric Wold, Riley, Oppenheimer, Hugh Jackman, Ryan Reynolds, Wold, King, Sony's, Hunter, Aron, Lars Niki, Alicia Reese, Reese isn't, Eric Handler Organizations: AMC, View Press, CNBC, Warner Bros, Disney, Disney AMC, Paramount, Dolby Cinemas, Getty, Roth Capital Markets Locations: New York City, Hollywood, North America, Europe, U.S, Saudi Arabia, New York, Los Angeles, fanbases

☆ AMC Entertainment posts revenue decline due to fewer big releases
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: +1 min

An AMC theater is pictured in Times Square in the Manhattan borough of New York City. AMC Entertainment on Wednesday reported a fall in third-quarter revenue and saw a decline in attendance at its theater chain, hurt by fewer blockbuster releases from Hollywood studios. Revenue for the third quarter stood at $1.35 billion, down 4.1% from $1.41 billion, a year ago. Analysts expected revenue of $1.33 billion, according to data compiled by LSEG. AMC reported a net loss of $20.7 million for the quarter ended Sept. 30, compared to net earnings of $12.3 million, a year ago.

Persons: Adam Aron Organizations: AMC, AMC Entertainment, Hollywood, Revenue, LSEG Locations: Manhattan, New York City, , Kansas

☆ Two Navy pilots killed in jet crash had recently returned from Middle East deployment
▼ + stars: | 2024-10-21 | by ( Oren Liebermann | ) edition.cnn.com time to read: +3 min

Lyndsay P. Evans, 31, and Lt. Serena N. Wileman, 31, were killed after their EA-18G Growler fighter jet crashed on Tuesday. She was also awarded three Strike Flight Air Medals for contributing to missions flown between last December and March. Because of poor weather conditions and difficult terrain, the search for their downed fighter jet took three days. Search and rescue teams ultimately found the remains of the aircraft in a “remote, steep, and heavily-wooded area” at about 6,000 feet east of Rainier, the Navy said. The two often flew together on an EA-18G, according to the Navy, a modified version of an F/A-18 fighter jet.

Persons: Cmdr, Lyndsay, Evans, Serena, Dwight D, Eisenhower, Chris “, Ike, ” Wileman, ”, Miley, Aron Montano, US Navy Evans, “, ” Evans, Seattle’s King, Wileman Organizations: CNN, Naval, EA, Electronic Attack, Navy, Carrier Air, US Navy, Luke Air Force Base, Houthi Locations: Mount Rainier, Washington State, Yemen, Iran, Arizona, Rainier

☆ 35 of the most daring looks MCU stars have worn on the red carpet
▼ + stars: | 2024-07-26 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

The "Deadpool & Wolverine" premieres have provided some standout red-carpet looks. Ever since the first MCU movie in 2008, stars have worn bold outfits to Marvel premieres. Actors have used their looks at premieres to hide Easter eggs or pay homage to their characters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Marvel movies, like "Deadpool & Wolverine," have become true event films, with the stars using their fashion at premieres to hide Easter eggs or pay homage to their characters.

Persons: —, Adam Aron Organizations: Marvel, Service, AMC Theaters, AMC, Business

☆ AMC warns of second-quarter earnings 'weakness,' with revenue and profit down
▼ + stars: | 2024-07-24 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%. It also said it expects to post a net loss of $32.8 million compared with a profit of $8.6 million in the second quarter of 2023. "This explains the weakness in our preliminary Q2 2024 results, as contrasted with the same quarter of a year ago." "But if looking only at the full quarter, the lay observer might easily miss the incredibly good news that transpired within the second quarter," Aron said. "This in turn suggests that AMC should enjoy increasing adjusted EBITDA, if as and when overall industry revenues are climbing.

Persons: Adam Aron, Aron, Hunter Organizations: AMC, AMC Entertainment, Disney, Comcast, CNBC Locations: New York, moviegoing, NBCUniversal

☆ AMC CEO on new debt refinancing deal: Gives us 'years and years' of breathing room
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMC CEO on new debt refinancing deal: Gives us 'years and years' of breathing roomAMC CEO Adam Aron joins 'Squawk Box' to discuss the company's new debt restructuring deal, state of the movie theater industry, box office outlook, and more.

Persons: Adam Aron

☆ Big youth climate group calls for Biden to exit election race against Trump
▼ + stars: | 2024-07-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Sunrise Movement protesters gather near VP Harris' Brentwood home calling on her to urge President Biden to declare a climate emergency. The Sunrise Movement, a major youth climate group that strongly supported President Joe Biden in the 2020 election, urged him on Friday to exit the 2024 race against former President Donald Trump. We can't afford to ignore the warning signs in front of us," Sunrise Movement Executive Director Aru Shiney-Ajay said in a statement. "Joe Biden's next climate legacy-defining act must be to pass the torch to a new nominee," Shiney-Ajay said. "If Trump wins, he will demolish President Biden's historic climate achievements, such as the Inflation Reduction Act and American Climate Corps.

Persons: Harris, Biden, Simon Aron, Josiah Edwards, Joe Biden, Donald Trump, Aru Shiney, Ajay, Joe Biden's Organizations: Sunrise Movement, Brentwood, Sunrise, Movement, Democratic, Democrats, Trump, Climate Corps

☆ Brevan Howard has transformed since Alan Howard gave up the reins. Meet the five portfolio managers with the most capital at the $35 billion hedge fund.
▼ + stars: | 2024-07-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +8 min

Read previewThere is perhaps no better example of the hedge fund industry's maturation than Brevan Howard. The $35 billion firm has changed considerably since 60-year-old Alan Howard stepped back from running its day-to-day operations in 2019. Now, Howard — the firm's majority owner — no longer manages money at Brevan. The firm's two biggest funds — the long-running, $11.9 billion Master Fund and the younger, $12.2 billion Alpha Fund — each manage more money now than the entire firm did five years ago. Advertisement"The real challenge is keeping the trading talent," said Nagi Kawkabani, a former Brevan Howard co-CEO told Institutional Investor in 2019.

Persons: —, Brevan Howard, Alan Howard, Howard, Howard —, Rishi Shah, Fash, Minal Bathwal, Trifon Natsis, Aron Landry, James Vernon, Jean, Philippe Blochet, Chris Rokos —, Natsis, Landry, Brevan, Nagi Kawkabani, Shah, Shaw, He's, he's Organizations: Service, Business, Fund, Alpha, Credit Suisse, Alpha Fund, Citadel, Bloomberg, Investor, United Arab, Winton Group Locations: Brevan, Ville, Natsis, Abu Dhabi, United Arab Emirates

☆ I worked in China for 8 years. These 3 differences set the work culture apart from the Western world.
▼ + stars: | 2024-06-25 | by ( Isabelle Aron | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with Sue Campbell, 58, about relocating to China for work. I was often the liaison between international clients and the team in China, helping everyone understand each other better. Employees in China were very conscious of their place in the company hierarchyHierarchies were very apparent in Chinese work culture. In China, people seemed to take pride in their work and I think they didn't want to make themselves look bad. If anybody has the chance to work in Asia, I'd recommend it.

Persons: —, Sue Campbell, Louis Vuitton, I'd, who'd, KIND2 Organizations: Service, Louis, Business, consultancy's, Employees Locations: China, Hong Kong, Asia, Shanghai, Australia, consultancy's Asia

☆ Killings show ISIS remains a threat in Syria's desert 5 years after losing its caliphate
▼ + stars: | 2024-06-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

ISIS killed an estimated 84 Syrian soldiers and 44 civilians in central Syria in March, making it the most violent month in the ISIS desert campaign since late 2017. Another four Syrian troops were killed in another desert attack in late April. "Over the past several years, ISIS has been able to make regular attacks in the desert," Landis told Business Insider. AdvertisementLandis noted that the Syrian military is picking up its efforts to attack ISIS in the Homs-Palmyra region. AdvertisementWhile the Syrian military does carry out combing operations in the Homs desert, ISIS remnants are far from Damascus's top priority.

Persons: —, Joshua Landis, Landis, Bashar al, Aron Lund, Lund, Assad, what's, there's Organizations: Service, ISIS, Human Rights, Business, Center for Middle East Studies, University of Oklahoma, Century International, Syrian Democratic Forces Locations: United Kingdom, Homs, Syria, Iraq, Deir ez, Palmyra, Islamic State, Kurdish, Turkey, Syria's Hasakah, Damascus, State

☆ AMC CEO says 'Renaissance' concert movie leak almost cost him Beyoncé film deal
▼ + stars: | 2024-06-02 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

Beyoncé nearly pulled the release of her concert film last year. News of the project leaked to the public early, partly because of AMC Theatres CEO Adam Aron. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBeyoncé's concert film was released in movie theaters last December and together with Taylor Swift's "The Eras Tour" movie, made up "literally all" of AMC's revenue growth in Q4. But according to the head of AMC Theaters, the film almost didn't make it to the big screen.

Persons: Beyoncé, Adam Aron, Aron, —, Taylor Organizations: AMC, Service, AMC Theaters, Variety, Business

☆ Former Goldman Sachs rates trader leaves $35 billion Brevan Howard less than a year after joining
▼ + stars: | 2024-05-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Frank Flight left London-based Brevan Howard earlier this year. Flight was a rates trader for Goldman for six years before joining Brevan last May. A person close to the firm said he left "on his own accord" earlier this year. AdvertisementAt least one Brevan Howard departure this year was not a layoff. Flight had been at the firm for less than a year, joining from Goldman Sachs in May of 2023 after more than six years of trading rates for the bank.

Persons: Frank Flight, Brevan Howard, Goldman, —, Howard, Goldman Sachs, Brevan, Alfredo Saitta, Aron Landry, Alan Howard, Bradley Organizations: Brevan, Service, Business, Goldman, Bloomberg Locations: London

One evening last June, as Esther Iradukunda set the table for dinner at her home in Buffalo, she heard a high-pitched cry through the kitchen window. She rushed outside and followed the screams to the train tracks that ran about 100 feet away from her house. She found her young brother Aron lying on the tracks, run over when he chased a ball between the cars of a train that had suddenly begun to move. Ms. Iradukunda desperately pulled her brother clear just as the train began moving again, rolling slowly toward the CSX train yards about a quarter-mile away. No one from the railroad had heard the boy’s screams or noticed him trapped on the tracks.

Persons: Esther Iradukunda, Aron, Iradukunda Organizations: CSX Locations: Buffalo

☆ I quit my job at Goldman Sachs to risk it all on a crypto startup. Then the industry crashed.
▼ + stars: | 2024-05-24 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +8 min

Luckily, Goldman hadn't filled the role, so I started working for them in November 2018. Working at Goldman Sachs would always be limitingI liked working as a trader at Goldman, but it wasn't fulfilling. I slowly realized that working for Goldman or any company, the end goal is limited to possibly being a partner. At the same time all this was happening, Luna Crypto, followed by the crypto market, crashed. AdvertisementThe crypto industry had been decimated, and I'd lost around two-thirds of my savings in cryptocurrency.

Persons: —, Hong, Goldman Sachs, wasn't, Goldman hadn't, There's, I'd, Matthew, Aaron, He'd, Aron, Goldman, Luna Crypto, I, FTX, We're Organizations: Service, Credit Suisse, Business, Amazon, Goldman Locations: Hong Kong, Canada, Barcelona, Singapore, cryptocurrency

☆ AMC's meme stock windfall may help it pay down a massive debt load
▼ + stars: | 2024-05-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Cars drive near an AMC Theater in New York City on March 29, 2023. The stock, alongside GameStop , surged this week after "Roaring Kitty," the man who inspired the massive short squeeze of 2021, posted online for the first time in nearly three years. The return of Roaring Kitty, whose legal name is Keith Gill, has led AMC shares to more than double since Friday's close. The last time these retail investors rallied around AMC and its stock surged, the movie theater chain was able to avoid bankruptcy. While the acquisitions bolstered the size AMC's theater network, they also levered the company's balance sheet, Handler said.

Persons: Roaring Kitty, Keith Gill, Adam Aron, Eric Handler, Roth, Handler Organizations: AMC, GameStop Locations: New York City

☆ I was over-employed and worked other jobs on top of my full-time one. To achieve the American dream, you have to beat the system.
▼ + stars: | 2024-04-10 | by ( Isabelle Aron | ) www.businessinsider.com time to read: +7 min

Project manager Kendall McGill started picking up contract work after she started working from home. After the Apple contract ended in July 2022, I also left my full-time job at Hunt A Killer in September 2022. AdvertisementI job-hop often and always look out for new contract workI had another full-time job and a contract lined up at companies where nobody knew me. I had a full-time job and two contracts, one full-time and one part-time. By 2 p.m., I'd start doing my West Coast job until around 7 p.m. or 8 p.m.

Persons: Kendall McGill, She's, —, I've, Hunt, I'd, I'm, We've Organizations: McGill, Service, Business, Apple, West Locations: East Coast, West Coast, East

☆ Enhanced Games Are Olympics With Steroids, Pay; Meet the Founder
▼ + stars: | 2024-03-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +14 min

Several countries pay bonuses to medal winners, and high-profile athletes may get brand deals and sponsorships, but many Olympic athletes live quiet lives. AdvertisementD'Souza suggested he received funding for the Enhanced Games in the "single-digit millions" but declined to specify the amount. So far, it's unclear what kind of talent Enhanced Games will attract. He said that at the Enhanced Games, athletes would get comprehensive health checkups to monitor the effects of "whatever enhancement protocols" they're on and ensure they're fit to compete. D'Souza said he planned to announce more details about the Enhanced Games this summer — right around the Paris Olympics.

Persons: Aron D'Souza, gymgoers, D'Souza, Thomas Bach, Bach, Uber, Christian, Christian Angermayer, Balaji Srinivasan, Coinbase's, Peter Thiel, Angermayer, Srinivasan, Thiel, Hulk, Charles Harder, Harder, didn't, Sargon, Peter, VCs, Thiel hasn't, he's, James Magnussen, James, he'd, Marta Nawrocka, BI's Gabby Landsverk, Jim Walden, Grigory Rodchenkov, it's, who'd Organizations: International, Olympic, IOC, West Germany's Olympic, The New York Times, Business, Apeiron Investment, University of Melbourne, Gawker Media, BuzzFeed, Gawker, Abrams, Australian Financial, US, Doping Agency, UFC, Drug Free, NFL, NBA, MLB, Testing Agency, ITA, CNN, FBI, Sports, Gaming Initiative, Paris Locations: Miami, Lausanne, Switzerland, Oxford, Australian, Russia

☆ Opinion: The next time I want to see Timothée Chalamet, I’ll do it from the comfort of my couch
▼ + stars: | 2024-03-23 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +6 min

CNN —Last week, I ditched work one day and went to a matinee at a local AMC theater. It was a Timothée Chalamet movie, because statistically of course it was. There are few things this movie nerd loves more than a big, loud sci-fi fantasy epic on an IMAX screen. It’s as if big movie chains are responding to the dire warnings about the death of their industry by deciding they’ll simply force-feed their remaining audience as much monetizable property as possible. Long live the fun movie theater experience, which is totally possible!

Persons: Sara Stewart, Sara Stewart Todd Thompson, you’ve, Denis Villeneuve’s, I’d, Nicole Kidman, ”, Maria Menounos “, they’ll, Will, Paul Atreides, Kidman, Long, CNET’s Joan Solsman, ‘, ’, Bob Cooney, you’re, Adam Aron, guy’s Organizations: CNN, AMC, Warner Bros ., PSA Locations: Pennsylvania, Arrakis, Alamo, Noovie

☆ Drones have ushered in a brutal new phase of Syria's civil war
▼ + stars: | 2024-03-22 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

Read previewDrones are increasingly shaping warfare in the Syrian civil war that entered its 14th year in March. Kasim Rammah/Getty ImagesHowever, unlike drones, Syrian Air Force aircraft require significant support from Russia. Advertisement"The Russians might not want to spend any more jet fuel and Soviet-designed bombs on Assad just to help him blow up hospitals and marketplaces in Idlib," Lund said. Advertisement"It seems well within the means of Tahrir al-Sham, the dominant jihadi militia in Idlib, to manufacture and use kamikaze drones," Lund said. Even though many of these opposition drones are often described as crude, low-tech, and DIY, Lund also does not rule out the possibility that Syrian opposition groups have received state backing for some attacks.

Persons: —, Bashar al, Assad, Freddy Khoueiry, RANE, Khoueiry, Aron Lund, Lund, Kasim Rammah, Moscow's, they're, RANE's Organizations: Service, Business, Century International, Syrian Air Force, embroilment, Scientific Studies, Research Center, Ministry of Defense, Hezbollah, Russia Locations: Russia, Ukraine, Damascus, Hayat Tahrir, Idlib, Homs, East, North Africa, Syria, Aleppo, Soviet, Iran, Yemen, Lebanon, Hmeimim, Latakia, Tahrir, Turkey

☆ 'Olympics on steroids' CEO says they'll have stewards on call in case of overdosing athletes
▼ + stars: | 2024-03-12 | by ( Joshua Zitser | Rachel Hosie | ) www.businessinsider.com time to read: +4 min

Read previewThe CEO of the Enhanced Games — dubbed the "Olympics on steroids" — said there will be on-site stewards prepared to deal with any drug overdoses at the sporting event. "It's a risk-management framework," said Aron D'Souza, who founded the Peter Thiel-backed sporting event, in a conversation with Business Insider. The controversial sporting event, which organizers say could be held for the first time next year, is pushing the boundaries of what is acceptable in athletics. "The Enhanced Games promote themselves as the 'Olympics of the future' and state that they will 'pay athletes fairly,'" she told BI. But Backhouse said she is most concerned about the message the Enhanced Games sends to the next generation of athletes.

Persons: —, Aron D'Souza, Peter Thiel, that's, D'Souza, Sue Backhouse, Backhouse, D'Souza's Organizations: Service, Business, Doping Agency, Reuters, NFL, Carnegie School of Sport, Leeds Beckett University

☆ CEO of 'Olympics on steroids' says the Games will see 50-year-olds breaking world records, but 1 heart attack could 'destroy the whole thing'
▼ + stars: | 2024-03-01 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Read previewThe CEO of the Enhanced Games said the competitive sporting event, dubbed the "Olympics on steroids" by some, will witness older athletes shattering world records. But Aron D'Souza cautioned in an interview with Business Insider that one meth-induced heart attack could "destroy the whole thing." D'Souza said record-breaking sporting feats would make the Enhanced Games "the dominant sporting event in the world." D'Souza also said that the Enhanced Games would try to push back against rule-breaking with financial incentives, like base salaries and health insurance. In a response to Coe's comments, the Enhanced Games said in a statement provided to BI that it showed that it had "hit a nerve."

Persons: —, Aron D'Souza, D'Souza, Peter Thiel, It's, they're, Lord Sebastian Coe, Lord Coe Organizations: Service, Business, Doping Agency, Reuters Locations: Australian

☆ Bey and Tay save the movies! AMC says 'literally all' of its Q4 revenue growth was from their concert films.
▼ + stars: | 2024-03-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

AMC owes Taylor Swift and Beyoncé — big time. CEO Adam Aron says 'literally all' of AMC's revenue growth in Q4 was from their concert films. To that end, it is no surprise that our praise for Taylor Swift and Beyoncé Knowles-Carter has no limit." And it wasn't just AMC that benefited from "Taylor Swift: The Eras Tour" and "Renaissance: A Film by Beyoncé." Aron said that the concert films made up one-ninth of Q4 box office earnings across the entire industry domestically.

Persons: Taylor Swift, Adam Aron, —, Aron, Beyoncé Knowles, Carter, clamoring Organizations: AMC, Service, Beyoncé

☆ All of AMC's revenue growth came from Taylor Swift and Beyoncé films, theater chain says
▼ + stars: | 2024-02-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Popcorn buckets are pictured during the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023. "Literally all" that growth was tied to concert films from Taylor Swift and Beyoncé, AMC CEO Adam Aron told analysts Wednesday. AMC was behind "Taylor Swift: The Eras Tour" and "Renaissance: A Film by Beyoncé," the first movie distributions in the company's 103-year-old history. U.S. market share for AMC, based outside Kansas City, expanded as a result of the two movies, Aron said. To that end, it is no surprise that our praise for Taylor Swift and Beyoncé Knowles-Carter has no limit."

Persons: Taylor Swift, Nicole Kidman, Adam Aron, Aron, Beyoncé, Beyoncé Knowles, Carter Organizations: AMC, Disney Locations: Los Angeles, ., Kansas City

☆ What’s next for movie theater operators like AMC after the ‘Barbenheimer’ money runs out?
▼ + stars: | 2024-02-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

AMC Entertainment, often viewed as a bellwether for the industry as the world’s largest movie theater chain, is not immune to those challenges. Taylor Swift attends "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 on October 11, 2023 in Los Angeles, California. While box office revenues have not yet recovered to pre-pandemic levels, until this year, they had been on an upward trajectory. Wold lowered his projection for the domestic box office to $8.6 billion, down from $8.9 billion earned in 2023. Upping the showmanshipDespite the box office slowdown this year, AMC found itself at the center of yet another viral moment earlier this month.

Persons: “ Barbie ”, “ Oppenheimer, ”, ’, It’s, “ Barbenheimer, Taylor, Taylor Swift, Matt Winkelmeyer, Adam Aron, ” Aron, “, Paul Dergarabedian, Eric Wold, Riley, Wold, Barbie, Iris Schneider, Dergarabedian, “ There’s, Deadpool, Barbie ”, Alicia Reese, Michael O’Leary Organizations: CNN, AMC Entertainment, AMC, Hollywood, ZUMA, Warner Bros, Dodge, Wedbush, Dolby, National Association of Theatre Owners Locations: Los Angeles , California

☆ The US strikes on Iran-linked militants seem to be working, but that likely won't last long
▼ + stars: | 2024-02-09 | by ( Paul Iddon | ) 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. But experts on the region say that Iran and its militant allies still have the arsenal and motivations to threaten the US. The US airstrikes on February 2 hit 85 targets in seven locations in Iraq and Syria, killing an estimated 40 militiamen . For militias like Kataib Hezbollah in Iraq, it’s to provoke US responses that increase opposition to the 2,500 US troops based in Iraq. “By responding to the attacks, the United States poisons its relationship with local allies and screws up its position in Iraq.

Persons: —, ” Michael Knights, Biden, Joe Biden, ” Joel Wing, Jesenia Landaverde, “, Aron Lund, they’re, They’re, ” Lund, “ They’ve, ” Nicholas Heras, ” Heras, it’s, ” Organizations: Service, Washington Institute, Business, Republican, Command, U.S . Air Force, 28th Bomb, Ellsworth Air Force Base, Staff, US Air Force, New Lines Institute, US, Coalition Locations: Iraq, Syria, Iran, U.S, S.D, United States, America, Baghdad, Lund, Gaza

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