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☆ Islamic resistance vows retaliation after US airstrike killed 5 Iraqi militants
▼ + stars: | 2023-12-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

The US conducted a "self-defense strike" against a target in Iraq on Sunday afternoon. The Islamic Resistance has vowed retaliation for the deaths, per Reuters. AdvertisementFive Iraqi militants were killed Sunday in an airstrike as they prepared to launch explosives toward American forces, according to multiple reports. US officials confirmed they'd carried out a "self-defense strike on an imminent threat" on Sunday afternoon, per Reuters. The outlet reported the Islamic Resistance, a conglomerate of militia groups with ties to Tehran, vowed retaliation for the deaths.

Persons: —, they'd Organizations: US, Sunday, Reuters, Service, US Department of Defense, Business, American Locations: Iraq, Tehran, Israel, Kirkuk

☆ Pennsylvania, Arizona, and Texas are major beneficiaries of US aid to Ukraine, report says
▼ + stars: | 2023-12-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The Biden Administration has circulated a map showing the states that have benefited from Ukraine aid. President Biden hopes to convince Congress to continue sending aid to Ukraine to help combat Russia's invasion. Three out of eight Republican members of Congress from Pennsylvania, three out of six from Arizona, and 18 out of 25 from Texas have been voting against sending aid to Ukraine, Reuters reported. Speaker of the House Mike Johnson has recently become a surprise advocate for increasing aid to Ukraine, The Wall Street Journal reported. AdvertisementDespite previously voting against sending more aid to combat Russian President Vladimir Putin's invading forces, Johnson has used his position as speaker to publicly label Ukraine aid a key priority.

Persons: Biden, —, Biden's, Joe Biden, JONATHAN ERNST, Getty, Mike Johnson, Vladimir Putin's, Johnson, Vladimir Putin Organizations: Biden Administration, Service, Capitol, Republicans, Reuters, Reuters . Pennsylvania, Street Journal, Congress, America, America . Patriot, Artillery, US Department of Defense, DoD Locations: Ukraine, Pennsylvania, Arizona, Texas, Israel, Gaza, Russia, Reuters ., Europe, America, Pennsylvania , Ohio , Texas

Though aerospace and defense funds understandably haven't done well in this year's faltering market, some individual stocks have posted substantial gains. U.S. support in what's turning out to be a long war in Ukraine will likely push overall contractor spending higher, benefitting aerospace and defense companies. In this era of high-tech warfare, when strategic military engagement is more about digital systems and aerial weapons than boots on the ground, aerospace and defense companies are advantageously positioned. Lucrative products include fighter jets, helicopters, parts for them, avionics products, missile guidance system, drones and anti-drone technology and support services. Curtiss-Wright Corp (CW) Projected five-year annual earnings growth: Data was not available.

Persons: Lockheed Martin, Giuseppe Cacace, Northrup Grumman, Howmet's, Wright, Woodward, Gerald R, Ford Organizations: US Air Force, USAF, Lockheed, Maktoum International Airport, Afp, Getty, U.S, Publicly, General Dynamics, TransDigm, Inc, Parsons Corp, U.S . Department of Defense, Missile Defense Agency, State Department, Department of Homeland Security, Department of Energy, Federal Aviation Administration . Products, Aerospace, Curtiss, Wright Corp, CW, N.C . Products, Woodward Inc, Huntington Ingalls Industries, Coast Guard, Ford, Pentagon Locations: Dubai, Al, Maktoum, Ukraine, Israel, Gaza, what's, Virgina, Washington, Davidson, N.C, Fort Collins , Colorado

☆ Electric Vehicle Push Returns North Carolina to Its Lithium Mining Roots
▼ + stars: | 2023-11-30 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

It is one of several companies in North Carolina that are rapidly accelerating operations for extracting and processing lithium, which is essential to the flow of electricity within a battery, that can be sold to carmakers. Although there has been progress in expanding North Carolina’s lithium industry, obstacles abound when it comes to permits and the pace of approvals that producers need to move forward with their plans. Political backlash against electric vehicles, often fueled by Republicans including former President Donald J. Trump, also presents headwinds. And the prices for lithium hydroxide have fallen sharply this year amid waning global demand, adding to the financial pressure the companies are facing to make their investments pay off. Even if the permit process goes smoothly, however, the company does not expect the mine to be able to operate until 2027 or 2028.

Persons: Mr, Norris, “, ” Albemarle, Donald J, Trump Organizations: of Defense, Department of Energy, Republicans Locations: China, North Carolina, Albemarle

☆ How the U.S. courted the Philippines to thwart China
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +14 min

What followed was two trips to the United States in less than a year for Marcos, and visits to the Philippines by high-ranking Biden administration officials. Marcos’ predecessor, the populist firebrand Rodrigo Duterte, was openly hostile to the United States and attempted to bring his country closer to communist China during his six-year term. For the United States, cementing alliances in the Asia-Pacific region is likewise crucial to keeping China in check. China’s Foreign Ministry, in a statement to Reuters, characterized China and the Philippines as “close neighbors across the sea” with a common interest in friendship. At the time, he said the cancellation of his visa was the latest in a list of “gripes and disrespect” by the United States.

Persons: Ferdinand “ Bongbong ” Marcos Jr, Joe Biden, Marcos, Gregorio Maria Araneta III, “, ” Araneta, Biden, Kamala Harris, Antony Blinken, Defense Lloyd Austin, Julio Amador III, Marcos ’, Rodrigo Duterte, China’s, Xi Jinping, ” Marcos ’, Ferdinand Marcos Sr, ”, Marcos family’s, Washington, Duterte, China “, Becca Wasser, Wasser, Barack Obama, Xi, “ I’ve, ” Duterte, Ronald “ Bato, dela Rosa, Dela Rosa, gripes, Toribio Adaci, hadn’t, Blake Herzinger, Herzinger Organizations: Reuters, U.S, Defense, ., Party, China, U.S . State Department, ” Reuters, Philippine, United, Foreign Ministry, ” ‘, People’s Liberation Army, Center, New, New American Security, CNAS, U.S . Department of Defense, U.S ., Initiative, Philippines National Economic Development Authority, United States, Philippine National Police, Washington, Forces, VFA, Mutual, China’s, U.S . Pacific Fleet, Cooperation Locations: Philippines, Philippine, Manila, United States, U.S, China, America, Asia, Taipei, Taiwan, Beijing, South, East Asia, Pacific, Washington, Hawaii, South China, It’s, American, Japan, South Korea, Australia, New American, Taiwan . U.S, Duterte, China’s, Guangdong

☆ Okta hackers stole data on all customer support users, company says
▼ + stars: | 2023-11-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Hackers who compromised Okta's customer support system stole data from all of the cybersecurity firm's customer support users, Okta said in a letter to clients Tuesday, a far greater incursion than the company initially believed. An Okta spokesperson told CNBC that customers in government or Department of Defense environments were not impacted by the breach. It also makes Okta a high-profile target for hackers, who can exploit vulnerabilities or misconfigurations to gain access to a slew of other targets. Bloomberg first reported on the letter to Okta customers. Okta first disclosed earlier this month that its customer support system had been hacked but said at the time that around 130 customers were impacted by the breach.

Persons: Okta Organizations: CNBC, Department of Defense, MGM, Caesars, Bloomberg

Many countries are working on them — and neither China, Russia, Iran, India or Pakistan have signed a U.S.-initiated pledge to use military AI responsibly. Another AI project at Space Force analyzes radar data to detect imminent adversary missile launches, he said. One urgent challenge, says Jane Pinelis, chief AI engineer at Johns Hopkins University’s Applied Physics Lab and former chief of AI assurance in Martell’s office, is recruiting and retaining the talent needed to test AI tech. Testing and evaluation standards are also immature, a recent National Academy of Sciences report on Air Force AI highlighted. Might that mean the U.S. one day fielding under duress autonomous weapons that don’t fully pass muster?

Persons: —, Replicator —, Kathleen Hicks, ”, Gregory Allen, we’ve, Missy Cummings, George Mason, Lisa Costa, Wallace ‘ Rhet ’ Turnbull, Tom Siebel, Matt Visser, Palantir, Jack Shanahan, Maven, Mark Milley, Christian Brose, Paul Scharre, ” Anduril, Nathan Michael, Michael, Shanahan, Craig Martell, Martell, Jane Pinelis, “ Organizations: U.S ., Russia, Air Force, China, Pentagon, Department of Defense, Center for Strategic, International Studies, Navy, ” U.S . Space Force, Space Force, Space Systems Command, Blackhawk, ., U.S . Missile Defense Agency, Defense Counterintelligence, Security Agency, Third Infantry Division, NATO, Maven, National Geospatial - Intelligence Agency, U.S . Special Operations, ISIS, Command, Control, Chiefs, Armed Services Committee, U.S, Marines, Special Forces, Industry, BAT, Marine Expeditionary, Pentagon AI, LinkedIn, Johns Hopkins, Lab, National Academy of Sciences Locations: Md, Ukraine, U.S, China, Russia, Iran, India, Pakistan, ” U.S, Silicon Valley

☆ A growing number of tech execs think AI is giving Big Tech 'inordinate' power
▼ + stars: | 2023-11-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

"Right now, there are only a handful of companies with the resources needed to create these large-scale AI models and deploy them at scale. McCourt also thinks AI could give too much power to tech giants. The inventor of the web, Tim Berners Lee, has also raised concerns about the concentration of power among the tech giants. On AI, however, he feels that while the technology giants now are leading the way, there is space for disruption. These are AI models that are not owned by a single entity, such as Google or Microsoft, and instead can be developed and added to by anyone.

Persons: OpenAI's ChatGPT, Meredith Whittaker, Whittaker, Maven, Frank McCourt, McCourt, Tim Berners Lee, Jimmy Wales, that's Organizations: Tech, Microsoft, Google, CNBC, Department of Defense, Los Angeles Dodgers, team, Liberty, Wales Locations: U.S, China, Wales

☆ Exclusive: This pizza box-sized equipment could be key to Ukraine keeping the lights on this winter
▼ + stars: | 2023-11-21 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +10 min

Officials from multiple US agencies played a quiet role in getting the Cisco equipment into Ukraine, sources say. In this undated photo, an employee at Ukraine’s state-owned grid operator, Ukrenergo, works on the power grid. As the world’s largest maker of computer networking equipment, Cisco had resources to spare. The switch allows an electric substation – which has the crucial task of converting power from high to low voltage – to communicate with other parts of a power grid. Years of Russian attacks on Ukraine’s gridBehind the scenes, US officials are often coordinating the delivery of key technology to Ukraine.

Persons: CNN —, Illia Vitiuk, Biden, Palantir, Ukrenergo, Joe Marshall, intently, Marshall, he’d, ”, ” Marshall, Taras Vasyliv, ” Vasyliv, Andrew Kravchenko, Vasyliv, Ukraine “, ” NERC Organizations: CNN, Engineers, Cisco, US Air Force, Washington, SpaceX, Microsoft, Pentagon, Department of Energy, Department of Commerce, Stanford University, GPS, Cisco’s, Ukrenergo, Bloomberg, Getty, GRU, US Department of Defense, Department of Homeland Security, Department of Locations: Austin , Texas, Ukraine, Russian, Stanford, Russia, Ukrainian, Denver, Ukraine’s, Kyiv, Silicon Valley, Alabama, East Coast, Germany, Rzeszów, Poland, California, ”, North America

☆ The manager of the top-performing small-cap fund this year outlined his 4 criteria for finding strong investments — and revealed his 3 favorite hidden gem stock picks right now
▼ + stars: | 2023-11-21 | by ( Mark Reeth | ) www.businessinsider.com time to read: +8 min

With a name like the Needham Aggressive Growth Fund, you'd be forgiven for assuming portfolio manager John Barr hunts for growth at any cost. So yes, it's growth investing informed by value investing." The Needham Aggressive Growth Fund has returned over 25% year-to-date according to Morningstar, making it the best-performing small-cap fund on the market. Barr, a one-time software salesman turned investing pro, told Business Insider what he looks for in his investments, the market themes he's watching, and his favorite stock picks right now. But it's Barr's primary investment criteria that sets him apart from other growth-focused fund managers: finding "hidden-to-quality compounders."

Persons: you'd, John Barr, Barr, that's, Charlie Munger, Warren Buffett, Morningstar, I've, there's, —, they've Organizations: Berkshire Hathaway, Business, Fund, Micro, Google, Vishay, Vishay Group, Parsons Corporation, Missile Defense Agency, Department of Defense

☆ Struggling with limited reconnaissance abilities, Russia eyes Soviet-era spy plane to gain Ukraine battlefield edge, UK intel says
▼ + stars: | 2023-11-19 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Photos appear to show a Soviet-era M-55 aircraft equipped with an external military reconnaissance pod. Bringing the aircraft back into action would improve Russia's limited reconnaissance abilities in Ukraine. The aircraft, which was designed for high-altitude reconnaissance missions, would bolster Russia's currently limited capabilities in Ukraine, the department said. AdvertisementIt has recently been observed carrying a military reconnaissance pod, the UK department noted, which can be attached to military aircraft externally to enhance their reconnaissance capabilities. The M-55's ability to operate at high altitudes allows it to work at "considerable stand-off range," the UK department said.

Persons: —, Russia's Organizations: Service, UK Department of Defense, Defense Express Locations: Soviet, Ukraine, Russia, Moscow, Russian

Some current and former officials and staffers said it’s the public nature of some of the challenges from federal employees that is unusual. The State Department has an honored tradition of allowing formal, structured statements of dissent to U.S. policy. It was done,'' said Thomas Shannon, a retired career foreign service officer who served in senior positions at the State Department. State Department officials say several expressions of dissent have made their way through the formal channels to Secretary of State Antony Blinken. One State Department official, 11-year veteran Josh Paul, quit late last month to protest the administration's rush to provide arms to Israel.

Persons: Joe Biden, Biden, Israel, Benjamin Netanyahu, Netanyahu, “, ”, we’ve, Richard Nixon’s, George W, Bush, Obama, Thomas Shannon, Shannon, Trump, Sean Spicer, Donald Trump’s, I’m, ” Shannon, Antony Blinken, Josh Paul, Blinken, Matthew Miller, shirk, there's, Jamey Keaten, Matthew Lee Organizations: WASHINGTON, —, State Department, NASA, Hamas, Congressional, Capitol, Gaza, Israeli, Biden’s Democratic Party, The Associated Press, NORC Center for Public Affairs Research, Census, U.S . Agency for International Development, Department of Defense, Palestinian Health Ministry, The State Department, U.S ., Trump, Biden, Department, White, State, USAID, Washington Post, Foreign, Muslim, Associated Press, AP Locations: Gaza, United States, Israel, U.S, Cambodia, Iraq, Syria, Afghanistan, Geneva

☆ The US Army is having a hard time recruiting. Now it's asking soldiers dismissed for refusing the COVID-19 vaccine to come back.
▼ + stars: | 2023-11-18 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The United States Army is telling soldiers kicked out over the COVID-19 vaccine they can come back. AdvertisementThe United States army is having such a difficult time recruiting that it's sending instructions on how to rejoin to soldiers kicked out for refusing to take the COVID-19 vaccine. The Army sent the letters to approximately 1,900 active duty soldiers who were separated for refusing to take the COVID-19 vaccine, according to military blog Task and Purpose. In 2022, the US Army fell short by about 15,000 soldiers, or 25%, according to Army Times. "When you look at Generation Z, you see a lot of the declining trust in institutions," Wormuth told NPR.

Persons: —, Christine Wormuth, Wormuth Organizations: United States Army, Army, An Army, Service, United, of Defense, United States, US Army, Army Times, The Army, NPR Locations: United States

☆ US-China military hotlines are reopening to prevent things like risky run-ins from triggering a full-blown crisis
▼ + stars: | 2023-11-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The US and China will resume military-to-military communications, Biden announced Wednesday. The US and Chinese militaries often operate in close proximity to one another, and there have been some risky run-ins. AdvertisementThe US and China are resuming military-to-military communications, the US and China said Wednesday after more than year of mostly radio silence. USINDOPACOMThe spike in risky and dangerous intercepts reported by US officials began before China officially cut off mil-to-mil comms. DoD officials, too, have said opening lines between the US and China would "ensure competition does not veer into conflict."

Persons: Biden, —, Joe Biden, People's Republic of China Xi Jinping, Nancy Pelosi's, USINDOPACOM, That's, Ely Ratner, China's Xi, Xi, he's, CNN's MJ Lee Organizations: Pentagon, Service, of Defense, PLA, U.S ., China Defense, China, Maritime, People's Liberation Army, US Air Force, US, DoD, Pacific Command, PRC, US Defense Department, Foreign Ministry Locations: China, People's Republic of China, San Francisco, Iran, U.S, Taiwan, United States, Hainan, South China, South, US

☆ Jenna Ellis' testimony about 'the boss' not wanting to leave office could be 'game over' for Trump, legal analyst says
▼ + stars: | 2023-11-14 | by ( Hannah Getahun | Katherine Tangalakis Lippert | ) www.businessinsider.com time to read: +3 min

Former Trump lawyer Jenna Ellis said an advisor told her the president would not leave his post. AdvertisementAdvertisementA recent testimony from former Trump lawyer Jenna Ellis could prove fatal to Donald Trump's defense, a legal analyst told CNN . Per Ellis, during the December 19 Christmas party, she had told Scavino that their cause was "essentially over." And he said 'Well, the boss', meaning President Trump — and everyone understood 'the boss,' that's what we all called him — he said, 'The boss is not going to leave under any circumstances. AdvertisementAdvertisementRepresentatives for Powell, Scavino, Trump, and Ellis did not immediately respond to a request for comment from Insider.

Persons: Jenna Ellis, CNN Ellis, Trump, —, Donald Trump's, Ellis, Sidney Powell, Dan Scavino, Per Ellis, Scavino, we're, Trump —, Ryan Goodman, Powell Organizations: Trump, CNN, Service, ABC News, Fulton, White, Department of Defense, Just Locations: Georgia

☆ 'Routine' helicopter mission in the Mediterranean leaves 5 US service members dead
▼ + stars: | 2023-11-13 | by ( Hannah Getahun | Associated Press | ) www.businessinsider.com time to read: +4 min

The US Military said five service members died during a training mission in the Mediterranean. So far, dozens of service members have died this year during training missions. AdvertisementAdvertisementFive US service people were killed when a military helicopter crashed over the eastern Mediterranean Sea during a training mission, US officials said Sunday. The New York Times reported the crash involved an MH-60 Black Hawk helicopter and involved US Army Special Operations forces. Before that, in February, March, and April, three other separate crashes killed a total of 14 service members during helicopter training.

Persons: —, Lloyd Austin, Gerald R, Dwight D Organizations: Military, Service, Command, New York Times, Hawk, Special Operations, of Defense, Air Force, Ford, US Military, Eisenhower, Boeing Locations: Israel, Cyprus, Gaza, Australia, Syria

☆ The US is sending more Patriot defense systems to the Middle East. They cost $1.1 billion each.
▼ + stars: | 2023-11-13 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The Patriot is a missile air defense system that can reach aerial targets up to 66,000 feet. It's a highly sought-after defense system that costs $1.1 billion each. Still, people familiar with the matter told the Journal that the US had sent six, doubling the number of defense systems that were already deployed. According to the Missile Defense Advocacy Alliance, a nonprofit that promotes ballistic missile defense development, Israel currently operates three Patriot batteries. AdvertisementAdvertisementThe missile defense systems are produced by Raytheon, a contractee of the US government, and cost about $1.1 billion each.

Persons: —, Defense Lloyd J, Austin, It's Organizations: US, Service, Patriot, Street Journal, Pentagon, Associated Press, Defense, of Defense, Missile Defense Advocacy Alliance, DOD, Raytheon, Congressional Research Service, CRS, Center for Strategic & International Studies Locations: Iraq, Syria, Iran, East, Israel, Gaza, Ukraine, Russian

☆ U.S. military says 5 crew members died when an aircraft crashed over the Mediterranean
▼ + stars: | 2023-11-12 | by ( ) www.cnbc.com time to read: +1 min

US soldiers are seen in front of the United States European Command (EUCOM) on May 3, 2016 at the Patch Barracks in Stuttgart, southern Germany. - A ceremony took place at the barracks as US General Curtis Scaparrotti was introduced as Commander of the US European Command, taking over from US General Philip Breedlove. EUCOM said all five crew members were killed when it went down "during a routine air refueling mission as part of military training." It said on Sunday that "search and rescue efforts began immediately, including nearby U.S. military aircraft and ships." It wasn't immediately clear what military service the aircraft belonged to.

Persons: Curtis Scaparrotti, Philip Breedlove, Marijan Murat, MARIJAN MURAT, servicepeople, EUCOM, Gerald R Organizations: United States European Command, US European Command, US, Getty, U.S . European Command, Command, of Defense, The Air Force, Ford Locations: Stuttgart, Germany, AFP, U.S

☆ Ukraine has begun 'in the air' training on F-16s, a key development in its fight against Russia
▼ + stars: | 2023-11-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Ukraine's pilots are now learning to fly Western F-16 fighter jets. So, for Ukraine's allies, it was welcome news that Ukraine's pilots are finally flying F-16 fighter jets. "Some pilots are already undergoing air training with an instructor on combat aircraft," Ignat said during a nationally televised broadcast, according to the outlet. AdvertisementAdvertisementUkraine has sought F-16s for its arsenal of fighter jets since the early days of Russia's invasion. Defense experts previously told Insider that adding AIM-9 and AIM-120 missiles could give the F-16s in Ukraine an "incredible capability" for close-range battles.

Persons: —, Volodymyr Zelenskyy, Yuriy Ignat, Ignat, John Baum Organizations: Service, Russian, Ukrainian Air Force, Defense, US Air Force, US Navy, Netherlands Armed Forces, AIM, US Department of Defense Locations: Ukraine, Ukrainian, Russia, United States, Romania, Dutch, Romanian

☆ Risky intercepts show China's fighter pilots are 'willing to challenge' the US as their planes increasingly meet in the air, former aviator says
▼ + stars: | 2023-11-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

US officials released a video of a Chinese fighter jet intercepting a US aircraft over the South China Sea. A former American aviator told Insider the incident highlights how Chinese pilots are "willing to challenge" the US in the area. "What we're witnessing is an increasingly competent and better trained Chinese flying cadre" that is "willing to challenge the US and allied flights occurring near the PRC air defense identification zone," retired Cmdr. The US says it documented more than 180 coercive or risky intercepts by Chinese aircraft since fall 2021. Two US Air Force F-16 Fighting Falcon aircraft sit parked on the flight line at MacDill Air Force Base in 2021.

Persons: —, Guy Snodgrass, INDOPACOM, Snodgrass, isn't, Qian Baihua, Lauren Cobin Organizations: Pentagon, Service, US, Pacific Command, US Air Force, People's Liberation Army Air Force, Changchun Air Show, Changchun Dafangshen, Getty, East China Seas, North, America, US Department of Defense, China, People's, Army, MacDill Air Force Base Locations: South China, American, China, People's Republic of China, US, Chinese, South, Changchun, Changchun Dafangshen Airport, Jilin Province, East, Russian, Russia

☆ Marjorie Taylor Greene and other Republicans are taking advantage of a 19th-century House rule to try to lower Biden officials' salaries to $1
▼ + stars: | 2023-11-09 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

In 1876, the House passed the Holman Rule for the very first time. The rule's been utilized 36 times this year by House Republicans. AdvertisementAdvertisementRep. Marjorie Taylor Greene and House Republicans are trying to bring an obscure House rule from the 19th century back in vogue. The Holman Rule hasn't always been included in rules packages since it its introduction in 1876 — the rule has been removed and re-added to the House rule book on numerous occasions. The 115th Congress also briefly instituted the Holman Rule, though the congressional body never passed a single amendment using it.

Persons: Holman, —, Marjorie Taylor Greene, William S Holman, Greene's, Defense Lloyd Austin, Transportation Pete Buttigieg, Alejandro Mayorkas, Amanda Bennett, Pete, Greene, Antony Blinken, Cyrus Salazar, hasn't, Kevin McCarthy Organizations: House Republicans, Service, Biden, Rep, Defense, Transportation, Homeland, US Agency for Global Media, White, Lawmakers, Department of Defense's, Diversity, Equity, Senate, GOP, Representatives, Congress Locations: Canadian

Instead, ongoing exercises in Hawaii, which conclude Friday, highlight part of a new American approach to Pacific defense and deterrence, with a focus on small groups of mobile land forces operating from islands like those off China's coast. As part of its “Operation Pathways” revamp of Pacific defense set in motion nearly a decade ago, the U.S. has been increasing its number of exercises with partners in the Indo-Pacific. “And that helps the U.S. to overcome its numerical disadvantages as China's navy is continuing to expand. The exercises provide experience in technical and procedural interoperability and also build human bonds that can be critical in times of crisis. Austin’s travels overlap with Secretary of State Antony Blinken ’s own visits to Tokyo, Seoul and New Delhi.

Persons: ”, Marcus Evans, Euan Graham, ” Graham, Evans, ” Evans, Defense Lloyd Austin, Antony Blinken ’, Xi Jinping, Joe Biden, Graham Organizations: 25th Infantry Division, U.S . Air Force, Wheeler Army, U.S . Department of Defense, U.S . Navy, Australian Strategic Policy Institute, U.S, United States Army, Defense, ” Aircraft Locations: BANGKOK, Taiwan, U.S, Beijing, China, Israel, Iran, Hawaii, American, New Zealand, Indonesia, Thailand, Britain, Oahu, United States, Mariana Islands, Guam, Pacific, Philippines, South Korea, Japan, Australia, India, Tokyo, Seoul, New Delhi, Solomon Islands, Washington

☆ Where are the 12 US gov't funding bills to avert shutdown?
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +7 min

But first, the House and Senate would have to agree upon the overall dollar amount of spending for the 12 bills combined. The Senate passed its version as part of a three-bill package on Nov. 1 with strong bipartisan support. DEFENSEOne of the largest of the 12 bills funds the Department of Defense - the Army, Navy, Air Force and the CIA. The Senate's version passed out of committee on July 27. The Senate's version passed out of committee on July 27.

Persons: Jon Cherry, shutdowns, Joe Biden, Biden, Kevin McCarthy, Moira Warburton, Aurora Ellis Organizations: U.S . Capitol, REUTERS, Rights, Democratic, Republican, Senate, of Veterans Affairs, Army, Navy, Air Force, U.S . Department of Agriculture, Food and Drug Administration, of Transportation, Federal Aviation Administration, Department of Housing, Urban, House Republicans, Amtrak, Department of Defense, CIA, Department of Energy, Nuclear Regulatory, of, of Indian Affairs, Land Management, Environmental Protection Agency, The, Department of Homeland Security, FBI, Federal Emergency Management Agency, Department of State, Agency for International Development, Peace Corps, Congress, Capitol Police, of Congress, Office, Treasury, of Columbia, Federal Trade Commission, COMMERCE, of Commerce, U.S . Census, U.S . Patent, Department of Justice, Republicans, HUMAN, of Education, Department of Health, Human Services, Department of Labor, Social Security Administration, National Labor Relations Board, Thomson Locations: Washington , U.S, United States, New York, U.S, Washington

☆ GlobalFoundries projects profit above estimates in positive sign for chip market
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 7 (Reuters) - Contract chipmaker GlobalFoundries (GFS.O) forecast fourth-quarter profit above analysts' estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. Both Intel (INTC.O) and Advanced Micro Devices (AMD.O) have indicated that a recovery is afoot in the personal computer market, a key source of revenue for semiconductor makers. GlobalFoundries said it expects adjusted profit per share to be in the range of 53 cents to 64 cents in the three months to December, above estimates of 52 cents, according to LSEG data. The company, whose customers range from mobile phone chip designer Qualcomm (QCOM.O) to the U.S. Department of Defense, said net revenue fell 11% to $1.85 billion in the third quarter, but came in line with estimates. Adjusted earnings of 55 cents per share beat estimates of 49 cents.

Persons: Brendan McDermid, Thomas Caulfield, GlobalFoundries, Arsheeya, Sriraj Organizations: Nasdaq, REUTERS, Intel, Devices, Qualcomm, U.S . Department of Defense, Thomson Locations: New York City, U.S, Bengaluru

☆ Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Spending on cybersecurity services have stayed resilient amid growing cyber crimes and privacy concerns even as companies tightened the budgets for other IT services. Cambridge, Massachusetts-based Akamai expects fourth-quarter adjusted profit at about $1.57 per share, compared with analysts average estimate of $1.54 per share, according to LSEG data. The company reported revenue of $965 million and adjusted profit of $1.63 per share for the quarter ended Sept. 30. Analysts expected revenue at $943.32 million and adjusted profit at $1.50 per share.

Persons: Akamai, Tanya Jain, Shilpi Majumdar Organizations: Akamai Technologies, Wall, Data Corporation . Cambridge, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Data Corporation . Cambridge , Massachusetts, Bengaluru

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