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The first Saudi airstrikes against Ansarallah in four years threaten to upend their tenuous ceasefire, just as the truce between the U.S. and Iran is crumbling over the Strait of Hormuz.

On Wednesday, US Secretary of Defense Pete Hegseth announced an initiative to screen US military members for low testosterone. “The modern battlefield is brutal and unrelenting,” he said. “It requires and demands maximum psychological and mental readiness. And by addressing these health markers early, we’re keeping you on the leading edge of lethality.” Troops found […]

A White House teleprompter operator appears to have made over $100,000 betting on President Trump’s speeches.ABC News, citing unnamed sources, reports that a longtime staffer for the president, Gabriel Perez, was placing bets on Trump’s speeches on the prediction market Kalshi, sparking an investigation from the Commodity Futures Trading Commission, or CFTC.Perez, a technical assistant, has operated Trump’s teleprompter since 2016, and is now speaking to federal investigators over allegations that he profited from inside knowledge. Perez allegedly bet on several of Trump’s speeches over three months, including the president’s prime-time address in December 2025, his remarks at the World Economic Forum in Switzerland in January 2026, and a Trump speech in March at a Medal of Honor ceremony.Kalshi reportedly alerted the CFTC about suspicious activity on its “Mentions” market, which allows bets on whether certain words, topics, or phrases come up in public speech.“Our surveillance team promptly flagged and referred these trades to the CFTC, and we are cooperating and assisting regulators,” the lead lawyer for Kalshi, Bobby DeNault, told ABC News in a statement.“The White House has strict ethics guidelines that we expect all staffers and officials to follow,” White House spokesperson Davis Ingle said to ABC News. “The staffer in question is fully cooperating with the CFTC.”In late March, the White House warned its staffers not to bet on world events in prediction markets.Perez usually is the last person to see Trump’s prepared speeches, even taking last-minute edits from the president. In some cases, investigators found that Perez would change his bets while Trump was in the middle of a speech after the president skipped over certain words.After meeting with regulators in the last few months, Perez acknowledged making the trades, and the CFTC alerted federal prosecutors in New York, who decided against a criminal investigation. CFTC regulators are reportedly willing to settle with Perez, allowing him to return his profits and refrain from any future bets.In April, a special forces soldier involved in capturing Venezuelan President Nicolás Maduro was charged with using confidential intelligence to win $400,000 on the prediction market Polymarket. It seems some in the Trump administration see their positions as a way to make money, even trading in national secrets.

Ted Pick has been suggesting the bank is eyeing M&A targets. Here are a few suggestions from a former Morgan Stanley beat reporter.

Harlan Crow, the billionaire patron of Republican-aligned causes, groups, and politicians, has found a new beneficiary in rightward-shifting Democratic Senator John Fetterman.Crow, who is also a known Nazi memorabilia collector, has long heaped money on conservatives, most notably lavishing Supreme Court Justice Clarence Thomas with extensive gifts and favors for years, all of which Thomas failed to disclose and were only revealed thanks to a ProPublica investigation. On June 30, Crow gave $7,000—the maximum allowed donation—to Fetterman’s campaign, according to a Federal Election Commission filing reported Wednesday by The Intercept.Elected in 2022, Fetterman flipped a red seat after projecting a progressive image that quickly faded once he assumed office. He has taken a staunchly pro-Israel stance that borders on monomaniacal; this week, he stated he has “no plans” to leave the Democratic Party but would do so if it becomes “the anti-Israel party.” His unbridled support for Israel, and increasing alignment with President Donald Trump on other issues, led his staffers to jump ship en masse last year.This metamorphosis has apparently attracted conservative donors other than Crow. As the Pittsburgh Post-Gazette reported earlier this year, Fetterman’s war chest has been lined by donors such as billionaire Ed Glazer and investor Matthew Ocko.And while Crow usually wields his financial largesse in service of right-wingers, he has also given occasionally to corporate-friendly Democrats, such as Representatives Josh Gottheimer and Henry Cuellar, as well as former Senators Kyrsten Sinema and Joe Manchin, according to the Revolving Door Project.Numerous Pennsylvania Democrats are reportedly considering challenging Fetterman in 2028. A remarkable Quinnipiac University poll of registered Pennsylvania voters, released Wednesday, has his approval rating at 77 percent among Republicans and just 19 percent among Democrats.

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Stock-market volatility in country-specific indexes tends to spike after their national teams play, according to a new analysis from data-modeling firm Polybridge.

The prediction market platform on Thursday launched 13 contracts that let users bet on the outcome of clinical drug trials.