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Palmer Luckey's Anduril Secures $5B At $61B Valuation To Supercharge Killer Drone Production Palmer Luckey's Anduril announced a $5 billion Series H funding round at a $61 billion valuation, led by Thrive Capital and Andreessen Horowitz. This comes as President Trump's 'war economy' and the rise of 'war unicorns' gain momentum. Anduril CEO Brian Schimpf wrote in a statement about the Series H funding round, indicating the "financing reflects that shift, and it gives us the ability to continue investing aggressively in manufacturing capacity, research and development, and the infrastructure required...

How Trump's Iran Operation Turned Into A Forever War Authored by Harrison Berger via Responsible Statecraft, As the United States has struggled to secure its four primary objectives in the Iran War - achieving regime change, dismantling long-range ballistic missiles, eliminating nuclear enrichment, and halting Tehran's support for regional proxies - U.S. officials have rolled out a series of tried-and-failed theories for how to achieve those goals. In the past four weeks, Americans have watched their government attempt to inflict an economic victory against Iran through Operation Economic Outcast, tightening a sanctions...

Novorossiysk Restarts Oil Loadings At Reduced Capacity After Drone Strike By Julianne Geiger of OilPrice Russia has restarted limited oil loadings at its Black Sea port of Novorossiysk after a drone attack earlier this week forced a full suspension. Operations at the Sheskharis terminal resumed late Thursday, but only one berth is currently active. A single cargo of roughly 80,000 tons is expected to depart, well below the terminal's normal capacity of about 700,000 barrels per day. The restart comes after the Monday strike that caused fires at a fuel terminal and damaged...