Rubio Issues Veiled Threat After France, Italy Are Latest NATO Allies To Block US Military Flights For Iran War

Sternlicht's Starwood Real Estate Fund Gates Redemptions Earlier this month, when much of the attention was largely focused on private credit, we warned that one of the old, familiar credit market time-bombs, commercial real estate which for many years had been penned as the "Next Big Short", was deteriorating rapidly: according to the latest TREPP CMBS monthly report, March saw a surge in the CMBS delinquency rate, which jumped by 41bps to 7.55%, the highest in years, led by a surge in the lodging rate, a category which until now was...

$139 Million Drug Bust Exposes Broker-Style Cross-Border Trucking Operation By Phil Brink of FreightWaves Canadian and U.S. agencies uncovered a broker-style operation using commercial transportation connections to move illegal drugs. Authorities display evidence seized during Project Bay, including suspected cocaine, methamphetamine and opium. The operation recovered nearly 1.7 metric tons of drugs and 17 firearms. (Photo: Ontario Provincial Police)  Canadian authorities seized nearly 1.7 metric tons of illegal drugs during a cross-border investigation named Project Bay. The haul included suspected cocaine, methamphetamine and opium. Authorities estimated the products’ street value above $139 million....

Pentagon Weighs Anti-Drone Laser Weapon Deployment In DC To Fortify Airspace We outlined a glaring security gap in U.S. counter-drone defenses well before the U.S.-Iran conflict erupted one month ago. At the time, we specifically pointed out that data centers are largely unprepared for drone threats. We believe the Gulf conflict - after Iran bombed multiple data centers and military bases - has likely pushed the federal government into panic mode, accelerating efforts to deploy counter-drone systems around high-value targets across the homeland, whether military bases or civilian infrastructure. This brings...