Mistral unveils new models in race to gain edge in ‘open’ AI

US Defense Secretary Pete Hegseth has defended the legality of recent US military strikes on boats suspected of drug smuggling in the Caribbean, amidst growing backlash regarding these actions. The invocation of the 'fog of war' suggests complexities in military engagement and the challenges of distinguishing between legitimate targets and civilian vessels.

Oil prices have continued to decline as traders assess the implications of ongoing high-level discussions between the U.S. and Russia regarding the Ukraine conflict. The market remains cautious amid persistent attacks on Russian energy assets, which contribute to uncertainty about future oil supply and demand dynamics.

More shipments of US soybeans to China are expected to occur through mid-December, reflecting a positive trend in agricultural trade between the two nations. This increase is significant as it indicates a strengthening of trade relations and a response to demand in the Chinese market.

Medline Inc. is preparing to initiate formal marketing for its initial public offering (IPO) valued at $5 billion as early as Monday, positioning itself for what is anticipated to be the largest US listing of the year.

US oil futures remained unchanged following an unexpected draw in crude stocks reported by the American Petroleum Institute (API). This development indicates a potential tightening of supply, which could influence market dynamics in the near term.

The Trump sons’ bitcoin venture has seen a dramatic decline, shedding nearly 40% of its value amid ongoing turmoil in the cryptocurrency market, as investors rushed to cash out following the end of a lock-up period. This significant drop reflects broader instability in digital assets, particularly as Bitcoin has faced a series of losses recently.

The US government has awarded $800 million to the Tennessee Valley Authority (TVA) and Holtec to facilitate the construction of small nuclear reactors. This initiative is part of the Trump administration's strategy to accelerate the deployment of nuclear technology in response to increasing energy demands.

Russian President Vladimir Putin has announced plans to elevate cooperation with China and India, focusing on technological advancements and strategic partnerships. This initiative aims to strengthen ties with both nations amidst shifting global dynamics.