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UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks
U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.
UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?"
Earlier, the analyst said:
Defense...
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"NO TURKS - ALL OUT" - CDU Candidate With Turkish Background Allegedly Faked Hate Crime Attack
"NO TURKS - ALL OUT" - CDU Candidate With Turkish Background Allegedly Faked Hate Crime Attack
Authored by Remix News Staff via Remix,
Prosecutors have opened an investigation into a local Christian Democratic Union (CDU) mayoral candidate of Turkish origin who is accused of staging a racially motivated attack on his own car days before an election he lost badly.
While running for a position in the CDU, Baris Karabacak allegedly committed a hate crime hoax.The Itzehoe public prosecutor's office is examining allegations that Baris Karabacak faked the incident, according to the...
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May 6, 2026 / Tyler Durden
US Navy Jet Fires On Iran-Flagged Tanker Trying To Reach Iranian Port
US Navy Jet Fires On Iran-Flagged Tanker Trying To Reach Iranian Port
Summary
US Navy jet fires on Iran-flagged tanker trying to reach Iranian waters & port.
Axios reports that the White House is nearing a preliminary deal with Iran to end the war, as Trump post appears to offer olive branch. Other reports say just hammering out at 'framework' for 'monthlong' talks.
White House says it expects a response to the latest offer within 48 hours.
Iran's initial response via media & national security spox: US demands are unrealistic & do not reflect...
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