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Biden ramps up Ukrainian military assistance

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U.S. President Joe Biden is speeding up the process of providing military aid to Ukraine, as the war enters its third month

Biden is vowing to support Ukraine “in their fight to defend their country and their democracy” against Vladimir Putin’s terror.

The bill was passed in the House last month with a 417-10 vote, and unanimously through the Senate, a rare moment of bipartisanship for lawmakers.

The President signed into law S3522, the “Ukraine Democracy Defense Lend-Lease Act of 2022,” making it easier to export military equipment to Ukraine.

Biden sped up military aid to Ukraine on Monday, signing a present-day version of a lending program that helped defeat Hitler’s Germany.

The original Lend-Lease Act let Washington lend or lease weapons to its allies — the new version will allow the same to Ukraine immediately.

Before he signed the bill, Biden said it was time again to form a global force for peace.

“Every day Ukrainians pay with their lives and they fight along with the atrocities that the Russians are engaging in are just beyond the pale. And the cost to the fight is not cheap, but caving to aggression is even more costly. That’s why we’re staying in this.”

The sole condition is repayment at some later date, and the policy will also help other eastern European countries affected by Russia’s invasion.

President Vladimir Putin calls Russia’s actions in Ukraine a “special military operation” to disarm the country and protect it from fascists. Ukraine and the West say the fascism claim is a false pretext for an unprovoked war of aggression by Russia.

The signing came the same day U.S. lawmakers agreed to rush nearly $40 billion in additional aid to Ukraine, according to two sources familiar with the matter.

A proposal for additional COVID-19 funding, which some Democrats wanted to pass along with the emergency Ukraine aid, will now be considered in a separate vote, something Senate Republican Mitch McConnell told reporters he was pleased about.

He had repeatedly advocated for a “clean” Ukraine bill in the Senate.

Both houses of Congress are expected to quickly approve additional funding for Ukraine, which exceeds the $33 billion requested by Biden last month.

The expedited funding comes just as Secretary of State Antony Blinken and Defense Secretary Lloyd Austin urged Congress to act quickly, writing that the military had just enough money to send weapons to Ukraine for the next two weeks.

Reuters

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U.S. pushes Ukraine toward controversial peace plan with Russia

US pressures Ukraine to accept a peace plan risking territory loss amid ongoing conflict with Russia.

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US pressures Ukraine to accept a peace plan risking territory loss amid ongoing conflict with Russia.


The United States is pressuring Ukraine to accept a peace plan that would see the country surrender territory and military equipment as part of a negotiated settlement with Russia. The proposal has sparked concern within Kyiv over the potential loss of sovereignty and long-term security.

President Volodymyr Zelenskiy is in Turkey discussing this plan, which may also involve cuts to Ukraine’s armed forces. His visit comes as Washington intensifies efforts under the Trump administration to secure an end to the conflict, despite fears the terms could undermine Ukraine’s national interests.

As Russian forces continue their aggressive campaign, holding roughly 19% of Ukrainian territory, Zelenskiy is attempting to revive peace talks before winter further complicates the frontline. The stakes remain high as the geopolitical landscape shifts.

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#Ukraine #USPolitics #PeacePlan #Zelenskiy #Russia #Geopolitics #WarInUkraine #TickerNews


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Senate clears Epstein files release despite White House push

Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.

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Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.


The White House tried to delay a vote on the release of Justice Department files connected to Jeffrey Epstein, even as former President Trump insisted there was nothing to hide.

Despite this, the Senate approved the measure exactly as it passed the House, ignoring amendments proposed by Trump’s aides. This move clears the path for the files to be made public in full.

Trump has indicated he intends to sign the bill, marking a significant shift after the White House’s attempt to block or delay the vote proved unsuccessful. The decision could have wide-reaching implications for transparency and ongoing investigations.

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#EpsteinFiles #WhiteHouse #Trump #SenateVote #JusticeDepartment #USPolitics #Transparency #TickerNews


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Nvidia earnings shake tech stocks as ASX heads into Christmas

Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.

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Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.


Markets are reacting sharply to Nvidia’s latest earnings, leaving investors questioning the future of tech stocks. Analysts are closely watching whether the results meet expectations and what it could mean for the broader market.

Joining us is David Scutt from StoneX to break down Nvidia’s post-earnings performance and its ripple effects across US and global equities. Investors are keeping a keen eye on how this could set the tone for year-end trading.

With Christmas approaching, the ASX faces a pivotal day as global risk sentiment shifts. Traders are positioning themselves for potential volatility, making it critical to understand the signals coming out of major tech earnings.

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#NvidiaEarnings #TechStocks #StockMarket #ASX #GlobalMarkets #Investing #MarketUpdate #TickerNews


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