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☆ Japan and Philippines' defense pact seeks to counter China's aggression in the region, experts say
▼ + stars: | 2024-07-09 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Japan and Philippines' defense pact signed on Monday seeks to counter China's increasing aggression in the region and create deterrence that goes beyond reliance on the U.S., experts told CNBC. The RAA marks Japan's second such agreement with a country in the Asia-Pacific region, following similar agreements with Australia in 2022. The treaty must be ratified by the appropriate legislative bodies of the Philippines and Japan before coming into force. Kamikawa called the signing of the RAA "a great achievement" for the two countries to further strengthen security and defense cooperation. "Both countries have maritime territorial disputes with China, and they are facing increasingly assertive and aggressive Chinese naval forces," Yaacob added.

Persons: Fumio Kishida, Ferdinand Marcos Jr, Thomas Shoal, Gilberto Teodoro, Yoko Kamikawa, Ferdinand Romualdez Marcos Jr, Teodoro, Rahman Yaacob, Kamikawa, Yaacob Organizations: Japan's, ASEAN, Japan, CNBC, Philippine Defence, Japan's Official Security, Southeast Asia, Lowy Institute Locations: Philippines, Tokyo, Japan, China, South China, Manila, Philippine, Asia, Pacific, Australia

☆ Sarian: Markets are due for a correction, but investors should buy the dip
▼ + stars: | 2024-07-09 | 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 EmailSarian: Markets are due for a correction, but investors should buy the dipGreg Sarian, Founder and CEO of 2/13 Strategic Partners at Hightower, discusses market concentration, investing in bonds, and the S&P 500.

Persons: Greg Sarian, Hightower

☆ National Portrait Gallery acquires Dolley Madison daguerreotype — the earliest known photograph of a US First Lady
▼ + stars: | 2024-07-09 | by ( Torey Akers | ) edition.cnn.com time to read: +3 min

CNN —The Smithsonian’s National Portrait Gallery (NPG) in Washington, DC, has acquired the earliest known photograph of a US First Lady. The quarter-plate daguerreotype of former First Lady Dolley Madison, wife of fourth US president James Madison, dates from around 1846. The Dolley Madison daguerreotype, made by artist and entrepreneur John Plumbe Jr., shows the trailblazing First Lady when she was in her late seventies. In addition to his portrait of Madison, he created the earliest extant image of the US Capitol. Courtesy Sotheby'sThe NPG bought the Madison photograph for $456,000 at a Sotheby’s auction of books, manuscripts and Americana on June 28, more than six times the lot’s high estimate of $70,000.

Persons: Dolley Madison, James Madison, John Quincy Adams, Philip Haas, Madison daguerreotype, John Plumbe Jr, Madison, Lonnie G, Joseph L, Emily K, ” Bunch, Dolley Payne Todd Madison, Lady, soirees, Zachary Taylor, ”, Louis Daguerre Organizations: The Art, CNN, Capitol, Plumbe, Madison, Smithsonian, Gidwitz, Foundation Endowment, US Locations: Washington ,, America, United States, Philadelphia, Washington, Madison

☆ Before Biden can save Ukraine, he must use the NATO summit to save himself
▼ + stars: | 2024-07-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —The NATO summit was long planned to celebrate the alliance’s 75th anniversary, to lock in longterm military support for Ukraine and even to future-proof the West against a possible second term for Donald Trump. But his achievements, including Sweden and Finland’s entry into the group, will be eclipsed at the summit by his battle to save his political future. She added: “At this critical time for our country, President Biden must seriously consider the best way to preserve his incredible legacy and secure it for the future.”Biden will also have an important audience overseas. “Is it going to be President Biden? On the eve of the summit, Biden’s campaign distributed a memo lauding his leadership in keeping Kyiv standing more than two years after the Russian invasion.

Persons: Donald Trump, Joe Biden’s, George H.W, Biden, Sen, Patty Murray, ” Biden, Trump, Vladimir Putin, Kurt Volker, ” Volker, CNN’s Wolf Blitzer, Volker, ”, Joe Biden, John Kirby, “, They’ve, Adam Smith, “ We’ve, CNN’s Jake Tapper, Joe ”, Putin, “ Donald Trump, Republican nominee’s, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Giorgia Meloni, Trudeau, Keir Starmer, CNN’s Alex Marquardt Organizations: CNN, NATO, Trump, Biden, United, Kyiv, Democratic, Senate, House Armed Services Committee, MSNBC, ABC News, Nordic, Republican, NATO Alliance, Canadian, Liberal Party, British Locations: Ukraine, Washington, George H.W . Bush, Sweden, Atlanta, Moscow, United States, Europe, Asia, European, Kyiv, Russian, Soviet Union, NATO, Toronto

☆ Avro Arrow: How Canada’s dream plane turned into a nightmare
▼ + stars: | 2024-07-08 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

The Avro Arrow, also known as the CF-105, had a lot resting on its wings. To this day, 65 years later, the Avro Arrow remains one of Canada’s biggest collective regrets and still fuels public discourse, as recently unveiled documents have shed some light on exactly what happened to the doomed project. As a result, thousands of jobs were lost and Avro Canada eventually collapsed entirely. Another says Canadian intelligence analysts deliberately misconstrued information to support a decision that the government had essentially made, providing an excuse for it. “They decided they wanted a big new fancy plane, so they came up with all the operational requirements largely in isolation, without really paying attention to what the reports were saying.”By the late 1950s, he adds, the Arrow arrow was getting very expensive and quite delayed.

Persons: ”, Richard Mayne, ” Mayne, “, Mayne, didn’t, John Diefenbaker, Alan Barnes, Barnes, Keith Beaty, Dan Aykroyd, Crawford Gordon, Arrow, John Burzynski, ” Burzynski, Burzynski Organizations: CNN, Avro, Royal Canadian Air Force, Arrows, Soviet Union, DND, ” Aircraft, ”, Sputnik, “, CF, NASA, Ottawa’s Carleton University, Soviets, Chiefs, Staff Committee, Canadian Air and Space Museum, Toronto Star, CBC, Canadian Broadcasting Corporation, Reynolds, Springbank Airport, Canada Aviation, Space Museum, Canadian Aviation and Space Museum, Arrow Locations: Canada, Soviet, Soviet Union, North America, Avro Canada, American, United, United States, Canadian, Wetaskiwin , Alberta, Muskoka , Ontario, Calgary –, Ottawa, Lake Ontario

☆ Hungary’s Orban holds talks with Xi during surprise Beijing visit, days after meeting Putin
▼ + stars: | 2024-07-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

The two leaders began their meeting at the Diaoyutai State Guesthouse Monday morning, Chinese state media reported. China is a “key power in creating the conditions for peace” in the war, Orban wrote in an X post Monday. “This is why I came to meet with President Xi in Beijing, just two months after his official visit to Budapest,” he added. Orban and Xi last met in May, when the Chinese leader was welcomed with fanfare for a state visit to Hungary. “Only unity and determination will pave the path to a comprehensive, just and lasting peace in Ukraine,” she added.

Persons: Viktor Orban, Xi Jinping, ” Orban, Xi, Orban, ”, Orban’s, Joe Biden, Vladimir Putin, –, Ursula von der Leyen, ” Putin, Putin, Jens Stoltenberg, Volodymyr Zelensky Organizations: Hong Kong CNN, West, NATO, Shanghai Cooperation Organization, of, European Union, Putin, ”, Ukrainian Locations: Hong Kong, Hungarian, Beijing, Moscow, Kyiv, Russia, Ukraine, Diaoyutai, Washington, Hungary, China, Russian, Kazakhstan, Europe, Budapest, ”

☆ The German government owns around $2 billion in bitcoin — and it's freaking out crypto investors
▼ + stars: | 2024-07-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Last month, the German government began selling bitcoin from a wallet operated by the country's Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. Bitcoin price reactionIn tandem with these sales, bitcoin has seen its price fall dramatically. At one point in the day, the entire crypto market had shed more than $170 billion in combined market capitalization in a 24-hour period, CoinGecko's data showed. Germany's bitcoin sales aren't the only concern for crypto investors.

Persons: Bitcoin, it's, wasn't, bitcoin, —, Nobuaki Kobayashi, James Butterfill, CoinShares, Germany's BKA, Joana Cotar, Cotar, Olaf Scholz, Christian Lindner, Michael Kretschmer, she's, Samson Mow Organizations: Federal Criminal Police, Arkham Intelligence, CNBC, Saxony, Federal Criminal Police Office, German Bundestag Locations: Gox, bitcoin, Germany, Saxony, Federal Republic of Germany, German, Berlin

☆ Amazon's amazing turnaround: How Andy Jassy secretly wooed Wall Street and overhauled a bloated tech giant
▼ + stars: | 2024-07-08 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

This person is one of over a dozen Amazon employees, investors, and analysts that BI interviewed to better understand Jassy's first 3 years as CEO. Andy Jassy replaced Jeff Bezos (pictured here) as Amazon's CEO in July 2021. In his first 3 years as CEO, Jassy has lost many senior staff. Amazon's spokesperson said the company has "strong retention and continuity" among senior leaders. Amazon's spokesperson said the company is making "huge investments" in AI across AWS and the retail business.

Persons: —, Andy Jassy, Jeff Bezos, Jassy, Bezos, EMMANUEL DUNAND, Mark Shmulik, Bernstein, Bernstein's Shmulik, He's, Shmulik, Amazon's, That's, spokespeople, Jassy doesn't, Doug Herrington, Jay Carney, Dave Limp, Adam Selipsky, Dave Clark, Clark, Ted S, Babak Parviz, Parviz, Mark Mahaney, We're, Jeff Organizations: Service, Business, Amazon, Washington Post, BI, Warren, Echo, Microsoft, AWS Locations: Seattle

☆ Investors can nab attractive dividends with these high-quality stocks
▼ + stars: | 2024-07-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Those dividends may begin to look more attractive to investors as the Federal Reserve starts cutting interest rates. UBS compiled a list of global, high-quality dividend stocks using its quantitative models, as well as its fundamental analysts. "Throughout the process, we emphasise the stability and growth potential of dividend streams, as opposed to the current yield," analyst Claire Jones said. Investors can grab a 2.69% dividend yield with Home Depot . The oil giant boasts a 3.35% dividend yield and is up more than 11% so far this year.

Persons: What's, Claire Jones, Richard McPhail, Giovanni Staunovo, Brent, Jonathan Woloshin, Sempra, Jeffrey Martin, CNBC's Jim Cramer, Melissa Repko, Spencer Kimball Organizations: UBS, Federal Reserve, Depot, CNBC, Exxon Mobil, Exxon, Pioneer Natural Resources, CME Group, JPMorgan, Group, Utilities Locations: Saudi, Aramco

☆ Iran elects reformist Masoud Pezeshkian in presidential runoff vote
▼ + stars: | 2024-07-06 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

FILE PHOTO: Presidential candidate Masoud Pezeshkian shows the victory sign during a campaign event in Tehran, Iran June 23, 2024. Majid Asgaripour | Via ReutersIran elected Masoud Pezeshkian to its presidency, in an unexpected victory for the country's reformist camp amid deep social discontent, economic hardship, and regional war. Pezeshkian won 16.3 million votes, according to reports which cited the local authorities, with the election seeing a 49.8% turnout. The most moderate of the candidates, he formerly served as minister of health under Iran's last reformist president, Mohammad Khatami, from 1997 to 2005, and Khatami among other reformist politicians endorsed him. Iran's sole reformist candidate Masoud Pezeshkian and ultraconservative Saeed Jalili are set to go to runoffs after securing the highest number of votes in Iran's presidential election, the interior ministry said.

Persons: Masoud Pezeshkian, Majid Asgaripour, Pezeshkian, Saeed Jalili, Mohammad Khatami, Khatami, Mohammad Bagher Ghalibaf, Amirhossein Ghazizadeh, Hashemi Alireza Zakani, Mostafa Pourmohammadi, Iran's, ultraconservative Saeed Jalili, Atta Kenare, Ayatollah Khamenei, Sina Organizations: Via Reuters, Islamic Consultative Assembly, Afp, Getty, House, Revolutionary Guards, Center for International, CNBC, U.S, Supreme, Revolutionary Guard Locations: Tehran, Iran, Via, Via Reuters Iran, Washington, Israel, Iranian

☆ Eyeing China, the Philippines wants to buy its first attack submarine
▼ + stars: | 2024-07-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Read previewAmid rising tensions with China, the Philippines is planning to buy its first submarine. AdvertisementChina and its neighbors have been at loggerheads for the past decade, after Beijing claimed sovereignty over most of the South China Sea, including islands and resource-rich waters. AdvertisementBut that leaves the question of how readily the Philippines Navy can operate a submarine. Chinese Coast Guard holding knives and machetes as they approach Philippine troops in the disputed South China Sea on June 17, 2024. Armed Forces of the Philippines via AP, FileA single submarine would do little to change the power imbalance between the Philippines and China.

Persons: —, Greg Poling, Ferdinand Marcos Jr, Thomas Shoal, Poling, Rodrigo Duterte, You've, Mark Manantan, Manantan, Michael Peck Organizations: Service, Business, Philippine Navy, Washington -, Strategic, International Studies, Diesel, Philippines Navy, Malaysia, Forum, Islamic, Philippine Communist Party, Coast Guard, Armed Forces, AP, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Philippines, Philippine, South China, Asia, Washington, loggerheads, Beijing, Vietnam, Malaysia, Sierra Madre, American, France, Spain, South Korea, Italy, Indonesia, Hawaii, Mindanao, Manila, Asian, Forbes

☆ The unique exercise this neuroscientist does for optimal brain health: 'Physical activity is so powerful for our brain'
▼ + stars: | 2024-07-06 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

To keep your brain health in good shape, you should engage in physical activity as often as you can. "Physical activity is so powerful for our brain," Dr. Wendy Suzuki, neuroscientist and dean of NYU College of Arts and Science, said in an episode of a recent MasterClass series that features neuroscientists and psychiatrists sharing advice for optimal brain health. "I got pulled back into exercise from couch potato land with this amazing form of workout," Suzuki said. The front half of the name "inten" stems from the word "intention," Suzuki said. Cardio plus mantras is this neuroscientist's preferred exercise for brain healthIntenSati involves moving your body while speaking affirmations out loud, Suzuki said.

Persons: Dr, Wendy Suzuki, neuroscientists, Suzuki, It's, Patricia Moreno Organizations: NYU College of Arts and Science, intenSati, University of California Berkeley, CNBC

☆ Italian neighbors used to compete by building tall towers. See inside one that's still standing after 600 years.
▼ + stars: | 2024-07-06 | by ( Lydia Warren | ) www.businessinsider.com time to read: 1 min

At the time it was built, neighbors competed to see who could build the tallest structure. Animaflora PicsStock/ShutterstockIt was common in Italy for rich families to commission towers to see who could build the tallest one. "Towers were symbols of power, of importance, prestige, and wealth," MP Tours founder Paula Stanghetta, who has visited the city, told Business Insider. "Families competed to create the highest, most unique tower, which could also serve as a strategic advantage in times of attack." "Beyond a certain height, however, the tower often collapsed, to the mockery of the owner and great satisfaction of the enemy families," wrote Lucca's tourism office.

Persons: Torre Guinigi, Animaflora, Paula Stanghetta Locations: Italy

☆ Ukrainian navy chief says sea drone strikes have rendered Russia's Black Sea Fleet HQ in occupied Crimea effectively useless
▼ + stars: | 2024-07-06 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's sea drone and missile attacks have left Russia's Black Sea Fleet headquarters at Sevastopol effectively useless and forced many of its ships to relocate to other locations, the head of the Ukrainian navy has said. The Sevastopol headquarters was the site of numerous key functions for the Black Sea Fleet, including training, repairs, and storing ammunition. Ukraine, which lost most of its traditional navy during the annexation of Crimea in 2014, has targeted Russia's Black Sea fleet with great success using sea drones , as well as hitting targets in occupied Crimea with US-made ATACMS missiles. Neizhpapa told Reuters that the expected delivery of F-16 fighter aircraft later this year would help Ukraine challenge Russia's dominance over the region. "The northwestern part of the Black Sea, particularly the corridor for civilian ships, will be almost 100% secure."

Persons: —, Oleksiy Neizhpapa, Neizhpapa, Novorossiisk, Sergei Kotov, Vladimir Putin's, Putin, Frederik Mertens Organizations: Service, Fleet, Ukrainian, Reuters, Black, Business, Ministry of Defence, Hague, Strategic Studies Locations: Sevastopol, Novorossiisk, Azov, Ukraine, Crimea, Kerch, Russian

☆ I'm an Olympic athlete heading to Paris this summer, but I'm also a medical student. Here's how I pursue both dreams.
▼ + stars: | 2024-07-06 | by ( Kristina Puga | ) www.businessinsider.com time to read: +4 min

Now, I'm 30, and I've fenced on a world championship-winning team and been to the Olympics twice. So, my parents eventually said, "Of course, you're going to take time off to try to go to the Olympics." When I'm on the train, I'm constantly focused on schoolwork. AdvertisementOn Saturdays, I always try doing fun cross-training like pickleball, rock climbing, or running. I guess all of this isn't impossible because I'm doing it — even though it sometimes feels impossible.

Persons: —, Kat Holmes, I'm, Tamora Pierce, Eric Liddel, I've, I'd Organizations: Service, Olympics, Paris Olympics, Icahn School of Medicine, Business, Olympic Locations: Mount Sinai, New York City, Tokyo, Princeton

☆ Israel is inching toward a wider war and a nasty fight against an enemy poised to bombard it as no other foe has
▼ + stars: | 2024-07-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

AdvertisementFor Israel, a larger war with Hezbollah would look very different from the full-scale conflict it's fighting against Hamas in Gaza. Before the 2006 Lebanon War, a monthlong conflict fought against Israel, Hezbollah maintained some 15,000 projectiles. REUTERS/Avi OhayonBut a larger Hezbollah war could overwhelm some of these systems, a scenario that has caused concern in Washington. During the 2006 war, Hezbollah fired somewhere between 100 and 200 rockets per day at Israel, according to estimates cited by the Foundation for Defense of Democracies think tank. More than two dozen soldiers and civilians have already been killed in Israel, and in Lebanon, that figure has surpassed 450.

Persons: —, Ariel Schalit, Daniel Byman, MAHMOUD ZAYYAT, Avi Ohayon, Stringer, Rami Shlush, Antony Blinken Organizations: Service, Hezbollah, Tehran —, Business, United Nations, Israel, Hamas, AP, Center for Strategic, International Studies, Getty, Institute for National Security Studies, CSIS, REUTERS, Foundation for Defense, Democracies, Israel Communications, Research Center, Congressional Research Service, Institution Locations: Israel, Iran, Lebanon, Tehran, Gaza . The Lebanon, Kiryat Shmona, Gaza, Lebanese, Nabatiyeh, AFP, Israeli, Washington, Khiam, Israel's

☆ Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
▼ + stars: | 2024-07-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Rather than sparking typical cheer on Wall Street, Elliott's campaign, spelled out in a 50-page presentation, led to confusion and concern among investors and customers. Several activism experts pointed to two of Elliott's past targets for insight into the hedge fund's strategy for Southwest: Suncor Energy in 2022 and Marathon Petroleum in 2019. Elliott partner John Pike, who is now leading the Southwest campaign, was involved in the firm's actions at both energy companies. Pike and portfolio manager Bobby Xu are leading Elliott's Southwest campaign. But in 2018, a few months after reaching an agreement with Elliott, Marathon announced it was only getting bigger.

Persons: David Paul Morris, Elliott, Bob Jordan, Gary Kelly, Elliott hasn't, Southwest's, John Pike, Haviv Ilan, Marc Benioff, Jordan, Pike, Bobby Xu, Vinson, Elkins, Mark Little, Elliott's Pike, Suncor's, Little, Rich Kruger, Candace Elliott, Marathon, Weeks, Gary Heminger, Mike Hennigan, Hennigan, hasn't, It's, isn't, Kelly, it's, Xu, — CNBC's Leslie Josephs Organizations: Southwest Airlines, Oakland International Airport, Bloomberg, Getty, Elliott Management, Southwest, Melius Research, Suncor Energy, Marathon Petroleum, Marathon, Etsy . Texas, of America, Suncor's Petro, Canada, Canadian, Petro - Canada, Petro, Exxon Mobil, Reuters, Speedway, Elliott, Company, Heminger, Artisan Partners, Suncor, Southwest Airlines Pilots Association, CNBC Locations: Oakland , California, Dallas, Suncor, New York, West Palm Beach , Florida, Etsy, Canada, Sherwood Park , Alberta, Marathon, Southwest

☆ Investors want proof AI will aid drug discovery. Evidence may come in the second half
▼ + stars: | 2024-07-06 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Analysts who have been following companies on the cutting edge of using generative AI for drug discovery say it is still very early days. But these endorsements haven't lifted Recursion shares out of a slump. RXRX 1Y mountain Recursion shares over the past year. The drug company will be a beta user of Recursion's LOWE (Large Language Model-Orchestrated Workflow Engine) and the pair are also partnering on oncology research. SDGR 1Y mountain Schrodinger shares over the past year.

Persons: Scott Schoenhaus, Chris Gibson, Jensen Huang, Leerink, Mani Foroohar, Foroohar, Recursion's, KeyBanc's Schoenhaus, Needham, Gil Blum, it's, Recursion's LOWE, Blum, Eli Lilly, AbCellera, KeyBanc's, Schoenhaus, FactSet, Allison Bratzel, Piper Sandler, Goldman Sachs, Salveen Richter, Peter Lawson, Lawson, Japan's Takeda, Schrodinger, Leerink's Foroohar Organizations: Analysts, Capital, Nvidia, ARK Investment Management, REC, CCM, Union, Bayer, Therapeutics, Dynamo, RLY, Barclays, Japan's Locations: U.S, biopharma, Biohive

☆ Russian spies only need $3 a month to dupe someone online: report
▼ + stars: | 2024-07-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

According to the report, one of the operations in Project Kylo would have cost the Russian spies around $3 a month to manipulate one Western internet user. "It is precisely the fear for the future, uncertainty about tomorrow, the inability to make long-term plans, the unclear fate of children and future generations," the document read. And the number of Russian spies in the West is now estimated to be at the highest it has been in decades. Russian spy activities "are as high or even higher than during the Cold War," a Western intelligence officer told The Financial Times in March. AdvertisementGerman newspaper Welt am Sonntag reported in April 2023 that Russian spies have used Tinder to target German politicians and soldiers in a bid to obtain intelligence related to the Ukraine war.

Persons: —, Der, Der Spiegel, Victor Muller, Sonntag Organizations: Service, The, Der Spiegel, Business, SVR, Der, Criminal, Financial Times, Welt Locations: Ukraine, Germany, Russian, The Hague, West

☆ How Champagne celebrations became a Formula 1 tradition and a coveted sponsorship deal
▼ + stars: | 2024-07-05 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

Since 2021, Formula 1 races have used Ferrari Trento sparkling wine for podium celebrations. Ferrari Trento said it had nearly tripled its US sales since the start of its F1 partnership. They've been spraying and imbibing sparkling wine produced by the Italian company Ferrari Trento (no relation to the Ferrari car manufacturer). Our goal is really to increase our export sales and make Ferrari Trento more and more international." Max Verstappen and Lewis Hamilton celebrate on the podium with Ferrari Trento sparkling wine in 2021.

Persons: Ferrari Trento, —, Georges Bizet's, Carmen, Matteo Lunelli, Juan Manuel Fangio, Jo Siffert, Dan Gurney, Mumm, Lunelli, Daniel Ricciardo, Aly, Theresa Sanchez, it's, Christian Miller, UC Davis, Miller, who's, — Ferrari, Ferrari, Max Verstappen, Lewis Hamilton, Yuri Kochetkov, Sanchez, It's Organizations: Service, Ferrari Trento, Ferrari, Champagne, Chandon, University of California, Netflix, UC, Wine Market, Las, — Ferrari Trento, Prix, Las Vegas, Formula, NFL, NBA, MLB Locations: Trento, Champagne, Italian, Italy, United States, Argentine, Swiss, Davis, Ferrari Trento, Miami, Las Vegas

☆ The race for the White House: Pressure on Biden to step aside
▼ + stars: | 2024-07-05 | 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 EmailThe race for the White House: Pressure on Biden to step asideMick Mulvaney, former White House chief of staff and Actum Strategic Advisors co-chair, and former U.S. Congresswoman Donna Edwards join 'Squawk Box' to discuss the state of the 2024 race, whether President Joe Biden should step aside, and more.

Persons: Biden, Mick Mulvaney, Donna Edwards, Joe Biden Organizations: White, White House, Actum, Advisors

☆ 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

☆ Russia has forced the West to ramp up production of older weapons — even gear it wasn't making any more
▼ + stars: | 2024-07-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Read previewRussia's invasion of Ukraine has resulted in a surge in demand, orders, and manufacturing of Western weaponry, including decades-old equipment and even gear that had gone out of production. The result is more orders and manufacturing, even of Western equipment where production had stopped. Its maker, Lockheed Martin, is increasing production as well as its production of the antitank missile system. Russia has also ramped up its wartime production, which could aid it in the future and not just against Ukraine. One solution would have been countries ramping up their orders and production earlier in the war, Di Mizio said.

Persons: —, it's, Jan Kallberg, hasn't, Lockheed Martin, Diehl, Timothy Wright, Mark Cancian, Vladimir Putin, Mikhail Klimentyev, Mattias Eken, Cancian, Diego Herrera Carcedo, Giorgio Di Mizio, Kallberg, Di Mizio Organizations: Service, Business, Manufacturing, Center for, Army Cyber Institute, US Army, Air Missile System, High Mobility Artillery Rocket Systems, Getty, IRIS, Patriot, International Institute for Strategic Studies, Financial Times, Center for Strategic, International Studies, Russia Western, Military, Sputnik, REUTERS, Ukraine, Russia, RAND Corporation, Anadolu Agency Locations: Ukraine, Russia, West, Norway, Europe, Bakhmut, Donetsk Oblast, France, Kremlin, REUTERS Russia

☆ Can Israel's Iron Dome be overrun? System's capabilities in focus amid rising risk of war with Hezbollah
▼ + stars: | 2024-07-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon, in southern Israel, October 20, 2023. It has a success rate of around 90%, according to the Israel Defense Forces. An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Ashkelon, Israel May 10, 2023. Amir Cohen | ReutersThe Iron Dome also intercepts around 90% of the near-daily rocket attacks from Hamas and other militant groups in Gaza, the IDF claims. Hamas' rockets and missiles, by comparison, are estimated to number in the tens of thousands.

Persons: Amir Cohen, Israel —, Rafael, —, Miri Eisin, Eisin, credibly, Victor Tricaud, Tricaud, Wissam tawil Organizations: Reuters, U.S, Palestinian, Hamas, Israel Defense Forces, Defense Ministry, Rafael Advanced Defense Systems, Hezbollah, International Institute for Counterterrorism, Tel, CNBC, Israel's Reichman, Iranian, Getty Locations: Gaza, Ashkelon, Israel, Iran, Lebanese, Lebanon, Washington, Tel Aviv, Hamas, Iranian, Khirbit

☆ Wells Fargo gives its best tactical trades for the third quarter
▼ + stars: | 2024-07-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Against this backdrop, Wells Fargo ran a screen looking for stocks that its analysts rate overweight, and that have positive catalysts in the third quarter quarter. Here's which stocks made the cut: Capital One has a potential catalyst if the Discover merger goes through, according to Wells Fargo. Wells Fargo is out of step on Wall Street, as the average analyst has a hold rating on Capital One. The typical price target implies nearly 16% upside, while Wells Fargo sees the stock soaring more than 37% from Monday's close. On the other hand, Wells Fargo said Tesla and Old Dominion Freight Line could see downside from negative catalysts in the third quarter.

Persons: Wells, Wells Fargo, LSEG, Tesla Organizations: Nasdaq, Algonquin Power & Utilities, Semiconductor, iShares Semiconductor, Old Dominion, Tesla Locations: Wells Fargo, Wells, Ontario, China, Monday's

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