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"Not Behind Us": Major US Tool Distributor Warns Tungsten Cost Shock Is Hitting Factory Floors
"Not Behind Us": Major US Tool Distributor Warns Tungsten Cost Shock Is Hitting Factory Floors
Speaking at the Jefferies Industrials Conference earlier on Wednesday, MSC Industrial executive Martina McIsaac warned of a tungsten supply shock rippling through the company's supply chain and continuing to drive up industrial tooling costs.
McIsaac told Steve Volkmann, an industrial analyst at Jefferies, that inflation affecting tungsten carbide inputs is "in the neighborhood of 500%" and said suppliers were still passing higher costs through the manufacturing chain.
Cutting tools represent about 15% of MSC's revenue, making tungsten...
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Apr 29, 2026 / Tyler Durden
US Sanctions 35 Individuals, Entities To Dismantle Iran's Shadow Banking
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Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
The U.S. Treasury Department on April 28 imposed sanctions on 35 individuals and entities accused of running Iran’s secret shadow banking network.
US Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington, on April 15, 2026. Brendan Smialowski/AFP via Getty Images
Treasury has accused the network of transferring tens of billions of dollars to help Iran dodge U.S. sanctions and finance terrorism.
The...
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US Demands Iran Dismantle Its 3 Main Nuclear Sites In Hours-Long Talks
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US envoys Steve Witkoff and Jared Kushner held more than three hours of negotiations with Iranian Foreign Minister Abbas Araghchi in Geneva on Thursday in a push to secure a breakthrough on a nuclear deal, with the Omani foreign minister saying the talks will resume later after a pause.
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