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Morgan Stanley (MS.N) reported $8.9 billion in wealth management revenue in the second quarter.

2026-07-15

Morgan Stanley (MS.N) reported $8.9 billion in wealth management revenue in the second quarter.

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2026-07-15

According to three U.S. officials and three people familiar with internal cost assessments, the cost of a war with Iran could be more than three times the latest estimate of approximately $30 billion. Sources said that the Department of Defense's int

According to three U.S. officials and three people familiar with internal cost assessments, the cost of a war with Iran could be more than three times the latest estimate of approximately $30 billion. Sources said that the Department of Defense's internal estimate of the total cost of the war, including repairing damaged U.S. military bases, replacing destroyed aircraft, and fully replenishing depleted U.S. weapons and equipment, is between $80 billion and $100 billion. Previously, a funding shortfall arose because the Pentagon failed to estimate the costs of the war and other military operations, including operations against drug cartels in the Western Hemisphere. The Pentagon is seeking $68 billion in supplemental budget appropriations. If approved by Congress, this funding would keep the Pentagon operational until this fall, when Congress will consider a new $1.5 trillion budget bill. So far, members of Congress have shown little interest in approving this supplemental funding request.
2026-07-15

Official documents from the European Commission confirm that Ukraine has been granted an exemption by the EU to use a portion of the initial approximately €5.9 billion in drone procurement funds to purchase drone components from countries other than

Official documents from the European Commission confirm that Ukraine has been granted an exemption by the EU to use a portion of the initial approximately €5.9 billion in drone procurement funds to purchase drone components from countries other than those eligible suppliers. This funding is part of a €90 billion support loan provided by the EU to Ukraine. While EU funds, in principle, require priority to be given to products from Europe, Ukraine, and approved partners, the exceptional purchase was approved due to the rapid depletion of Ukrainian drones and the inability of Europe and its allies to supply certain key components in a timely and sufficient manner. This also highlights the continued dependence of Europe's defense supply chain on the manufacturing industries of other countries.
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