Taiwan Defense Chief Contradicts Trump On Enormous Arms Package Moving Forward

BYD's EU Invasion Deepens Germany's Auto Industry Crisis The rise of right-wing populism in Germany comes as globalist policies backfire and crush Europe's industrial powerhouse. The nation's auto industry is in shambles, with layoffs and production cuts, after European leaders had the brilliant idea of letting cheap Chinese EVs flood the struggling continent. Bloomberg cites new data from Schmidt Automotive Research showing Chinese brands accounted for 10.7% of Western European car sales in the second quarter, up from 3.4% two years earlier, highlighting how BYD Motors's cheap $34,000 EV is quickly...

Trump Argues War 'Terminated' Before 60-Day Congressional Approval Deadline, As Iran Submits Latest Proposal To Pakistan Mediators Summary White House officials argue the absence in exchanges of fire between Iranian & US forces means the 60-day timeline for Congressional approval (or US forces must leave) doesn't apply due to the ceasefire. Iran submitted its latest revised proposal to Pakistan mediators as of Thursday night. It is a response to the latest US amendments to end the war, per Axios. Nuclear issue not included: a non-starter, and focus is on ending the war. Iran...

Blue Owl Gates Investors Again After Top BDCs Hit With Massive 38%, 19% Redemption Requests After a catastrophic Q1 for private credit BDCs, Q2 is proceeding just as many had expected: just as bad. After alternative asset manager titans such as Apollo, Blackrock, Blackstone and Cliffwater all gated their investors for a second straight quarter following a surge in redemption requests that easily surpassed what took place in Q1, earlier today we learned that the ground zero of the private credit implosion - Blue Owl Capital - was also slammed with...