The U.S. Navy is testing a new air-to-air missile reported capable of striking targets beyond 290 miles (465 km), exceeding the range of known comparable weapons. The AIM-424 Malice, developed by Raytheon, an RTX unit, is roughly the same dimensions as the AIM-120 AMRAAM, allowing carriage in F-35 and F-22 internal weapon bays. Peter Layton, former Royal Australian Air Force officer and visiting fellow at Griffith Asia Institute, said the range could enable strikes on high-value aircraft such as

Tehran Stock Exchange index rose 87,000 points to 6.149 million, with 88% of listings higher. Retail inflows into equities, rights issues and equity funds have approached 500 billion Iranian rials, and buy orders totaling about 20 trillion rials remain queued.

Federal Reserve Chair Kevin Warsh will speak at the annual Jackson Hole symposium in Wyoming on Aug. 27. Investors expect him to clarify how the Fed should respond to stubborn inflation, but it is unclear whether he will offer explicit guidance. Warsh’s communication since the July policy meeting has been muted; he disclosed little about his economic views and avoided forward guidance on rates. Markets interpreted that as insufficient resolve to restore disinflation, and long-term U.S. Treasury yields have risen to two-decade highs.