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Trending:

  • U.S. vs Iran Proxies
  • Anduril Joins U.S. Air force Program

U.S. vs Iran Proxies:

  • Today, a drone strike in northeastern Jordan near the Syrian border resulted in the deaths of three U.S. service members and injuries to up to 34. President Joe Biden, attributing the attack to Iran-backed militant groups, emphasized that the U.S. would respond decisively. The attack, has significantly escalated tensions in the Middle East.
  • The attack was claimed by the Islamic Resistance in Iraq, a coalition of Iran-backed militant groups. It targeted a base on the Jordan-Syria border, causing a high number of casualties due to its early morning timing near barracks. This incident adds to the over 150 attacks by Iran-backed groups in Iraq and Syria against U.S. forces since October 7, which have primarily resulted in traumatic brain injuries.
  • In response to these escalating tensions, U.S. officials, including Defense Secretary Lloyd Austin, have briefed President Biden and expressed their intent to respond. This strike comes amidst an already volatile situation in the Middle East, following an attack by Hamas on Israel that led to a severe conflict, resulting in thousands of casualties.
  • The U.S. has been engaging in retaliatory actions against Iran-backed groups and targeting Houthi military capabilities in Yemen, amidst increasing pressure on President Biden to take more decisive action against these threats. Republican leaders have criticized Biden’s approach, demanding stronger military retaliation against Iran and its proxies.

Anduril Joins U.S. Air force Program:

  • Anduril Industries has joined the U.S. Air Force's Collaborative Combat Aircraft (CCA) program as one of the five key vendors. This program aims to develop advanced autonomous drones, intended to operate alongside manned aircraft like the F-35A Joint Strike Fighters. Anduril's role is notable for its innovative approach in defense technology, highlighted by its acquisition of Blue Force Technologies and the development of the Fury drone. Additionally, Anduril's AI-enabled Lattice platform could be significantly relevant to the CCA program.
  • The CCA, integral to the larger Next Generation Air Dominance (NGAD) project, is pivotal for the Air Force's future strategy, focusing on deploying advanced capabilities in high volumes. However, the program faces budgetary challenges due to ongoing government financial disputes. These have impacted the program’s pace, with the goal to begin major production of the drones within five years and to acquire at least 1,000 units.
  • Despite these challenges, the Air Force is determined to advance the CCA program. It seeks to integrate these drones into its operational strategy, emphasizing their role in potential high-end conflicts. The program continues to evolve, with Congress closely monitoring its balance of performance, range, and cost. As it progresses, the CCA program remains central to shaping the future of U.S. military air operations.

Statistic:

Largest financial service companies by market capitalization:

  1. 🇺🇸 Visa: $542.50B
  2. 🇺🇸 JPMorgan Chase: $495.59B
  3. 🇺🇸 Mastercard: $411.24B
  4. 🇺🇸 Bank of America: $263.94B
  5. 🇨🇳 ICBC: $235.80B
  6. 🇨🇳 Agricultural Bank of China: $183.47B
  7. 🇺🇸 Wells Fargo: $181.09B
  8. 🇨🇳 Bank of China: $157.14B
  9. 🇬🇧 HSBC: $151.81B
  10. 🇨🇳 China Construction Bank: $150.94B
  11. 🇺🇸 American Express: $145.63B
  12. 🇺🇸 Morgan Stanley: $143.99B
  13. 🇮🇳 HDFC Bank: $143.30B
  14. 🇺🇸 S&P Global: $141.48B
  15. 🇨🇦 Royal Bank Of Canada: $139.03B
  16. 🇦🇺 Commonwealth Bank: $126.50B
  17. 🇺🇸 Goldman Sachs: $123.20B
  18. 🇺🇸 Charles Schwab: $116.71B
  19. 🇯🇵 Mitsubishi UFJ Financial: $109.67B
  20. 🇨🇦 Toronto Dominion Bank: $109.50B
  21. 🇨🇳 CM Bank: $107.46B
  22. 🇺🇸 Citigroup: $102.13B
  23. 🇨🇭 UBS: $96.57B
  24. 🇸🇦 Al Rajhi Bank: $94.45B
  25. 🇮🇳 ICICI Bank: $85.20B
  26. 🇺🇸 Fiserv: $84.83B
  27. 🇫🇷 BNP Paribas: $78.31B
  28. 🇺🇸 CME Group: $74.43B
  29. 🇮🇩 Bank Central Asia: $72.88B
  30. 🇺🇸 Intercontinental Exchange: $72.83B
  31. 🇺🇸 Moody's: $71.24B
  32. 🇨🇦 Bank of Montreal: $69.80B
  33. 🇸🇦 The Saudi National Bank: $68.27B
  34. 🇯🇵 Sumitomo Mitsui Financial Group: $66.98B
  35. 🇺🇸 PayPal: $66.60B
  36. 🇺🇸 U.S. Bancorp: $66.43B
  37. 🇮🇳 State Bank of India: $65.80B
  38. 🇷🇺 Sberbank: $65.48B
  39. 🇦🇺 National Australia Bank: $65.25B
  40. 🇧🇷 Itaú Unibanco: $65.09B
  41. 🇯🇵 SoftBank: $64.50B
  42. 🇬🇧 London Stock Exchange: $62.68B
  43. 🇪🇸 Santander: $62.60B
  44. 🇸🇬 DBS Group: $61.74B
  45. 🇨🇳 Postal Savings Bank of China: $60.92B
  46. 🇮🇳 Housing Development Finance Corporation: $60.86B
  47. 🇺🇸 PNC Financial Services: $60.34B
  48. 🇺🇸 Apollo Global Management: $56.93B
  49. 🇨🇦 Scotiabank: $56.31B
  50. 🇮🇹 Intesa Sanpaolo: $56.20B

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