US Pentagon has not signed new contracts to replenish its munitions supplies, NBC reports
The lack of new contracts from the US Pentagon to replenish munitions supplies signals potential delays in military readiness and could affect ongoing operations.
Backers of UK Manchester Mayor Burnham are pushing Labour’s NEC to agree to an extended leadership contest timetable, POLITICO reports, citing sources
US President Trump on Tuesday appeared to suggest prioritising stopping Iran from obtaining a nuclear weapon even if it carries domestic economic costs - advisers cited by Axios said the wording was poor and likely to be used in Democratic campaign ads
US Pentagon has not signed new contracts to replenish its munitions supplies, NBC reports
US President Trump's proposals are reportedly facing opposition in Congress, Semafor reports; these include a gas tax holiday and federal funding for a new ballroom in the White House
Chinese M2 Money Supply YoY (Apr) Y/Y 8.6% vs. Exp. 8.5% (Prev. 8.5%)
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This situation may escalate tensions or lead to disruptions in supply chains, particularly for defense contractors. Traders should monitor related assets, including defense stocks and commodities, for potential volatility and shifts in investor sentiment.
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