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Lloyd Austin’s medical condition – The Pentagon has a problem

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1 year ago

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The Pentagon has launched a review of U.S. Defense Secretary Lloyd Austin’s hospitalisation.

The review comes after the White House said President Joe Biden did not know of his Defense Secretary’s prostate cancer until this week.

Austin remains hospitalised and is in good condition while review continues.

Pentagon increases military readiness in Middle East – READ MORE

The Pentagon stated that it does not have a specific date for his release while Austin recovers.

The Pentagon disclosed on Tuesday that U.S. Defense Secretary Lloyd Austin had surgery to treat prostate cancer in December but then developed complications that brought him back to the hospital, where he has remained since Jan. 1.

Here’s what has been revealed publicly about Austin’s condition and his course of treatment and what experts say about the illnesses affecting him.

What is Lloyd Austin being treated for?

Austin, who is 70, learned he had prostate cancer in December after routine surveillance for the illness via blood tests to monitor levels of prostate-specific antigen (PSA).

Austin was admitted to Walter Reed National Military Medical Center and underwent prostatectomy, which experts say could involve the complete or partial removal of the prostate and nearby lymph nodes.

Austin was under general anesthesia during the procedure and Walter Reed, in a statement, said he recovered uneventfully from his surgery and returned home on the morning of Dec. 23.

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Trump’s “very productive” deal: What’s behind the U.S.-China agreement?

US and China agree to new terms amid trade war, following productive talks between Treasury Secretary Bessent and Vice Premier He.

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15 hours ago

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May 12, 2025

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US and China agree to new terms amid trade war, following productive talks between Treasury Secretary Bessent and Vice Premier He.


The United States and China have reached a new agreement amid an intensifying trade war between the world’s two largest economies. This comes after US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held their first in-person talks since the imposition of heavy tariffs on both sides.

President Trump has described the discussions as “very productive,” signaling cautious optimism as financial markets remain volatile and American consumers feel the pinch of rising prices. Secretary Bessent addressed reporters after long negotiations, underlining the urgency both sides felt to de-escalate the stalemate.

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U.S. and China strike surprise trade deal

US and China reach a significant trade deal amid tensions, signaling thawing relations, while the UK secures symbolic concessions; insights from economist Tim Harcourt.

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15 hours ago

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May 12, 2025

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US and China reach a significant trade deal amid tensions, signaling thawing relations, while the UK secures symbolic concessions; insights from economist Tim Harcourt.


In a stunning development amid rising tensions, the United States and China have agreed on a new deal as part of their ongoing trade war.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held the first in-person meetings in years, signaling a potential thaw in relations.

President Trump called the talks “very productive.”

Meanwhile, the UK has managed to score key trade concessions from the US, including on autos, jet engines, and steel—although the benefits may be more symbolic than substantial. Could this deal impact Australia’s trade position?

We unpack the details with Professor Tim Harcourt, Chief Economist at UTS and host of The Airport Economist.

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Inflation data, earnings reports, and market trends to watch

Investors focus on inflation data, trade meetings, Fed remarks, retail sales, and key earnings reports this week.

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21 hours ago

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May 12, 2025

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Investors focus on inflation data, trade meetings, Fed remarks, retail sales, and key earnings reports this week.

In Short:
Inflation data will be a key focus this week, alongside trade meeting results and important earnings reports. Investors will monitor Fed Chair Jerome Powell’s remarks and various economic indicators, including retail sales and sentiment surveys.

Inflation data set for Tuesday is expected to be a focal point this week.

Investors will also assess the results of recent U.S. and Chinese trade meetings following a quiet Friday that saw stock declines for the week.

On Thursday, remarks from Fed Chair Jerome Powell will be closely monitored as he faces pressure from President Donald Trump regarding interest rate decisions.

Retail sales figures will also be released on Thursday, coinciding with Walmart’s earnings report.

Key earnings announcements this week include those from Cisco Systems, Alibaba Group, Deere & Co., Applied Materials, and Take-Two Interactive.

In addition, consumer and small business sentiment surveys, along with data from the homebuilding and manufacturing sectors, may also draw interest.

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