US Military Awards Raytheon With $22.9 Billion Contract To Ramp Up Tomahawk Missile Production

USAF Stratotanker Squawks 7700 Emergency Near Doha The fight for control of the Strait of Hormuz flared up Monday and into the overnight hours, with IRGC forces reportedly striking multiple commercial vessels and a UAE oil refinery. The one positive development: with U.S. forces on heightened alert, two U.S.-flagged merchant ships successfully transited the maritime chokepoint as Project Freedom began, marking the first visible move by the U.S. Navy to unfreeze the world's most critical energy corridor. U.S. Central Command, or CENTCOM, said its aerial assets in the Hormuz area...

Archegos 2.0? Star AI Investor's Fund Seeks Fresh Cash After Massive Levered Bets Blow Up Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation. Faber reports that the liquidation was done “through one enormous trade." Roughly two-thirds of the assets under management at Situational Awareness were public equities, both that he owned on the long side and that he was shorting, Faber says. That could help explain the panic bid in Nasdaq this morning, as investors may believe the overhang...

Pentagon Restores Pacific Command Name, Reversing 2018 'Indo-Pacific' Rebrand Authored by Tom Ozimek via The Epoch Times, The Pentagon said on June 16 that it was restoring the name U.S. Pacific Command, reversing a 2018 decision that rebranded the command as U.S. Indo-Pacific Command to reflect the growing strategic importance of India and the Indian Ocean in U.S. defense policy. The Department of War said in a statement that the command, known as U.S. Indo-Pacific Command (INDOPACOM) since 2018, would officially revert to its previous designation, U.S. Pacific Command, or USPACOM, a...