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What we’re reading: America could lose a hypersonic arms race

Mikoyan MiG-31K fighter jet with Kinzhal hypersonic missiles flies over Moscow's Red Square. Photo: Alexei Nikolsky\TASS via Getty Images

The United States is falling behind in the hypersonic arms race as China and Russia outpace the rest in developing "a maneuverable missile that could fly many times the speed of sound and strike anywhere in the world within an hour or two," the Washington Post writes on the cover of Sunday business, citing senior military officials.

Why it matters: The U.S. prides itself on being one of, if not, the strongest military in the world. And while the Pentagon has made this development a top priority, falling behind to obtain a major weapon of war in the future, is not an option to stay competitive.