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Biden attributes hospital blast in Israel to militants

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During his visit to Israel, President Joe Biden addressed the recent hospital blast, unequivocally attributing it to militant groups operating in the region.

Speaking alongside Israeli Prime Minister Benjamin Netanyahu, Biden said: “I was deeply saddened and outraged by the explosion of the hospital in Gaza yesterday, and based on what I’ve seen, it appears as though it was done by the other team, not you.”

“But there’s a lot of people out there not sure, so we’ve got a lot, we’ve got to overcome a lot of things,” Biden added.

“The world is looking. Israel has a value set like the United States does, and other democracies, and they are looking to see what we are going to do.”

Biden’s trip to the Middle East was supposed to calm the region, even as he demonstrated U.S. support for its ally Israel, which has vowed to annihilate the Hamas movement whose fighters killed 1,400 Israelis in a rampage on Oct. 7.

But after the hospital blast, Jordan cancelled the second half of Biden’s itinerary: a planned summit in Amman with the leaders of Jordan, Egypt and the Palestinian Authority.

The explosion, which occurred in the city of Tel Aviv, has raised concerns about the escalating tensions in the area.

President Biden’s visit to Israel comes at a critical juncture in the ongoing conflict between Israeli forces and Palestinian militants.

The hospital blast, which claimed the lives of several civilians and left many injured, has further strained an already fragile situation.

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U.S. approves Nvidia H200 chip exports to China amid tensions

U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.

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U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.


The U.S. Commerce Department has approved exports of Nvidia’s H200 AI chips to China, signaling a cautious compromise in the ongoing technology standoff between the two countries. This decision reflects efforts to balance national security concerns with continued technological collaboration.

Nvidia shares jumped 2% following the announcement, showing investor optimism about the move. Analysts are closely watching how Chinese firms will respond and whether they will aggressively pursue these high-performance AI chips.

Despite the approval, concerns remain about the potential military applications of AI technology. Officials emphasize that the decision aims to protect U.S. interests while navigating complex international tech dynamics.

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#Nvidia #AIChips #ChinaTech #USChina #TechTensions #Semiconductors #H200 #InvestorNews


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Fed faces challenges ahead of Trump’s nominee as rate decisions loom

Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.

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Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.


The U.S. Federal Reserve is entering a critical period as it prepares for President Donald Trump’s upcoming nominee to lead the central bank. Markets are closely watching how the Fed will navigate this leadership transition amid ongoing economic uncertainty.

The Fed’s two-day meeting could result in a modest quarter-percentage-point rate cut. However, future policy decisions will hinge on key economic projections and inflation trends, leaving analysts debating how much room the central bank really has to maneuver.

Trump is pushing for lower interest rates to boost the housing market before the midterms, but this could complicate the next Fed chair’s path. Data delays from the recent government shutdown may also affect the Fed’s decision-making this week, adding another layer of uncertainty.

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#FederalReserve #InterestRates #TrumpNominee #EconomicPolicy #Inflation #RateCut #HousingMarket #MarketUpdate


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Paramount makes $108B hostile bid for Warner Bros Discovery

Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.

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Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.


Paramount has launched a staggering $108.4 billion hostile bid to acquire Warner Bros Discovery, shaking up the media landscape. The proposal, supported by Jared Kushner’s investment firm and Middle Eastern funds, offers $18 billion more in cash than Netflix’s recent $72 billion deal for the same assets.

Warner Bros’ board is currently reviewing the Paramount offer but continues to recommend the Netflix deal. Analysts warn that a merger of this scale could face intense antitrust scrutiny, potentially delaying or even blocking the deal.

Paramount argues that its acquisition would boost competition and provide stronger support for the creative community, promising a new chapter in Hollywood consolidation.

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#Paramount #WarnerBros #HostileBid #MediaMerger #Netflix #HollywoodNews #Mergers #EntertainmentNews


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