The Biden administration warned Iran in recent days against launching another attack on Israel and stressed it won't be able to restrain the Israelis, according to a U.S. official and a former Israeli official briefed on the issue.
Why it matters: After Iran attacked Israel on Oct. 1, in response to a string of Israeli assassinations, Israel responded by hitting military targets but not nuclear or oil production facilities.
Estée Lauder's stock plummeted Thursday after the beauty company withdrew its fiscal year outlook and cut its dividend.
The big picture: The retailer is getting roughed up in China, saying "worsened consumer sentiment" there was the primary driver of its 5% quarterly decline in overall organic net sales.
The Biden administration is ratcheting up pressure on the Israeli government to meet a set of demands from the U.S. to address the humanitarian crisis in Gaza.
Why it matters: If Israel fails to fully implement the U.S. demands by Nov. 13, the U.S. could suspend its military assistance to Israel — a step the Biden administration has avoided so far butis gaining more support inside the State Department, according to a U.S. official.
