President Trump's secret plane switch in Turkey is putting Air Force One's security protocols and defensive capabilities in the spotlight.
Why it matters: Air Force One is the call sign for any Air Force aircraft carrying the president, meaning Trump's secret switch didn't change the designation — but it changed the plane protecting him.
Memory chip prices are skyrocketing, thanks to AI demand, and there's no end in sight.
Why it matters: "Chipflation" is pushing up the prices for electronic goods like smartphones and laptops, as well as the costs for cloud storage and hardware — it also helps explain the eye-popping ascents in semiconductor stock prices.
While the overall effect on inflation may not be huge — other kinds of products get more weight in the government's measure of consumer prices — the scale of this boom is unprecedented.
Japan's currency dropped Monday, resuming a selloff momentarily halted by a coordinated intervention with the U.S. late last month.
Why it matters: The decline suggests that the U.S. Treasury Department and Japan's Ministry of Finance have further work to do to put a floor under the exchange rate.
The International Atomic Energy Agency (IAEA) will soon remove nuclear material stored at a clandestine site in Syria after the Trump administration reached understandings with Syria and Israel, according to Israeli and U.S. officials.
Why it matters: The Trump administration and IAEA scrambled to reach a diplomatic agreement to secure the material and prevent an escalation involving Israel, Syria and possibly even Turkey over the sensitive site.
Cambridge Aerospace, a British air defense tech startup, raised $300 million in Series C funding at a $3.4 billion post-money valuation led by DFJ Growth.
Why it matters: Cheap drones have redefined war, as evidenced in both Ukraine and Iran, but legacy interceptor technology remains very expensive.
