The Trump administration has repeatedly pushed back on reports of shortages of both offensive and defensive weapons.
United States President Donald Trump has vowed to hunt down “leakers” after several news reports detailing a dangerous depletion of munitions stockpiles amid the US-Israeli war on Iran.
While several reports had previously documented munitions depletions since the war began on February 28, the latest reports painted a more dire picture.
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Reuters news agency and CBS News reported that the military had burned through nearly all of its offensive Army Tactical Missile Systems (ATACMSs) and Precision Strike Missiles (PrSMs), which experts said could require relying on more perilous close-range and aerial attacks in the event of a renewed escalation.
A CNN report showing low levels of Patriot and Terminal High Altitude Area Defense (THAAD) interceptors has caused greater concern, with experts noting there is no viable short-term alternative to the air defence missiles. Replenishments of pre-war stockpiles are expected to take years.
Still, Trump on Thursday again denied that the US faced any strategic disadvantage when it came to weapons stores after five months of war.
“The US has massive amounts of ‘munitions,’ especially of certain types,” Trump wrote on his Truth Social account.
He added that “large amounts are being manufactured and shipped to the U.S. as needed” and that defence contractors are “building the largest number of plants and factories in our country’s history”.
“The ‘leakers’ of these treasonous statements are being hunted down. Long-term jail sentences will be sought!”
The US president did not provide further details on the claims, although experts have warned that even with an influx of funding, it will likely take at least three years to restore Patriot and THAAD interceptors to pre-war levels.
Only Japan and Germany currently have licences to produce Patriot interceptors. No other country produces THAAD interceptors.
CNN’s report, released on Tuesday, said that the US military had depleted 80 percent of the THAAD interceptors it had prior to the war and about half of its Patriot interceptors. Sources described the levels as “dangerously low”.
US Defence Secretary Pete Hegseth described the information as “not true”.
Separately, the Washington, DC-based Center for Strategic and International Studies (CSIS) on July 27 calculated that, as of that date, the military had just more than a third of its Patriot interceptors left and about half of its THAAD interceptors.
Speaking to Al Jazeera on Wednesday, one of the authors of that analysis, retired US Marine Corps colonel Mark Cancian, said current levels of interceptors are already hurting US deterrence capabilities against military powers like China.
A shortage of interceptors has also reportedly led to the military taking a more judicious approach to missile interceptions, increasing the likelihood of miscalculations, he noted. The killing of three US soldiers in an Iranian strike on a military base in Jordan on July 17 has further underscored those concerns.
“We don’t have that many left, and there are no good substitutes,” Cancian said of the interceptors. “If we run out of Patriots, then the missiles get through.”
Despite the latest rhetoric, the Washington Post on Thursday reported that Trump confronted Hegseth during a cabinet meeting at Camp David last week, accusing the Pentagon chief of misleading him on munitions shortages.
White House spokesperson Karoline Leavitt dismissed the report as “100 percent fake news”.
President Donald Trump is shown Monday in the Oval Office at the White House in Washington, D.C. On Thursday, Trump denied U.S. muntions shortage due to the attacks on Iran. Photo by Allison Robbert/UPI | License Photo
Aug. 6 (UPI) — President Donald Trump on Thursday dismissed reports of munitions shortages due to U.S. attacks on Iran, saying those who leaked the information are being “hunted down.”
“The U.S. has massive amounts of ‘munitions,’ especially of certain types,” Trump wrote in a social media post. “Additionally, large amounts are being manufactured and shipped to the U.S. as needed. Defense companies are building the largest number of plants and factories in our country’s history.”
“The ‘leakers’ of these treasonous statements are being hunted down,” he continued. “Long-term jail sentences will be sought!”
Multiple news outlets, including CBS News, reported this week that the United States has used almost all its stockpile of long-range precision missiles in the attacks on Iran. This includes most of its Army Tactical Missile Systems and Precision Strike Missiles.
Officials have also said the most pressing shortage is that of Patriot and Terminal High Altitude Area Defense interceptors, which the country has used faster than manufacturers can replace them.
The Pentagon on Monday announced deals with defense contractors Lockheed Martin and Northrop Grumman to escalate production of parts for missile interceptors, The Hill reported.
“America’s military is the most powerful in the world and has everything it needs to execute at the time and place of the president’s choosing,” Pentagon spokesman Sean Parnell said in a statement to CBS News. “We have executed multiple successful operations across combatant commands while ensuring the U.S. military possesses a deep arsenal of capabilities to protect our people and our interests.”
White House Press Secretary Karoline Leavitt on Wednesday denied a Washington Post report that Trump “demanded answers” on extreme munitions shortages from Defense Secretary Pete Hegseth last week. Trump reportedly said he’d been misled on the shortages.
The White House has vowed to find and prosecute those leaking information to the press before. In July, the Trump administration issued subpoenas to New York Times journalists, demanding they testify in front of a federal grand jury “in regard to an alleged violation of federal criminal law.” The Times had reported, using anonymous sources, about security concerns involving President Donald Trump’s new Air Force One, which was donated by Qatar. The probe was later dismissed.
Senate Majority Leader John Thune, R-S.D., speaks during a press conference after weekly Senate caucus luncheons at the U.S. Capitol on Tuesday. With the August recess approaching, Senate Republicans are looking to confirm Acting Attorney General Todd Blanche as Attorney General and pass a budget bill to prevent a shutdown before the midterms. Photo by Bonnie Cash/UPI | License Photo
Law enforcement in the US state of North Carolina has reported a fatal mass shooting in the city of Prospect Hill.
“Deputies arriving on scene found multiple people who had been shot. One person was transported to Duke University Hospital with a gunshot wound, and there are multiple other fatalities,” the North Carolina State Bureau of Investigation said in a statement on Wednesday.
“SBI Crime scene investigators are on scene processing evidence and conducting interviews. There is NO THREAT to the general public.”
PEREZ Hilton has been rushed to hospital after worrying reports he was seen self-harming during a TikTok livestream.
Police raced to the celebrity blogger and TV star’s home in Miami after concerned fans made “multiple” 911 calls reporting Hilton’s worrying behaviour and saying he was covered in blood.
Perez Hilton has been rushed to hospital after he was reportedly seen covered in blood during a TikTok livestreamCredit: Getty Images – Getty
Distressing footage from Hilton’s TikTok account appeared to show the media personality covered in blood with with several marks on his body.
Fans of Hilton, whose real name is Mario Armando Lavandeira Jr, reported the video and managed to get it taken down by TikTok.
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The Miami-Dade Sheriff’s Office confirmed they received several 911 calls about an individual livestreaming acts of self-harm on social media.
Deputies found Hilton, 48, inside the house alone and quickly assessed he wasn’t a risk to others but needed medical help.
A police spokesperson said: “Deputies tactically disengaged while continuing to monitor the situation.”
He was “safely recovered” and taken to a local hospital to receive treatment.
Hilton’s family have been in contact with the cops and helped provide statements.
Hilton’s representatives, Golden Artists Entertainment Co-CEOs Dante Rusciolelli and Rebekah Kochan told TMZ they “are aware of the concerning content circulating online”.
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Their statement added: “At this time, we have not been able to make direct contact with him, despite our ongoing efforts to reach him.
“Our primary concern is Perez’s health and well-being, as well as the well-being of his family.
“Until we have confirmed information, we will not speculate or comment further.”
If you or someone you know is affected by any of the issues raised in this story, call or text the 988 Suicide & Crisis Lifeline at 988, chat on 988lifeline.org, or text Crisis Text Line at 741741.
Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations.
Published On 4 Aug 20264 Aug 2026
SpaceX reported a loss of more than half a billion dollars in its first quarterly statement as a public company, but the loss was less than Wall Street expected and revenue soared.
On Tuesday, the company run by Elon Musk reported a loss of $541m, or 9 cents per share, in the three months through June, less than half what financial analysts had expected.
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Revenue jumped to $7.8bn, up more than 90 percent from the year-earlier period, beating analyst expectations. LSEG had forecast revenue growth of more than $6.9bn, and Bloomberg analysts had forecast $6.8bn.
The Starbase, Texas-based giant ended the second quarter with $100bn in cash, according to United States Securities and Exchange Commission filings.
The company touted several achievements in the quarter, including $6bn in new US government contracts for Starshield, its national security-centric satellite system, and two successful launches of its Starship V3 in the last 90 days.
Starlink and SpaceX’s broader connectivity operations remain the company’s primary financial engine, underpinning Musk’s push to build an AI-first business that extends beyond renting compute capacity to developing frontier models, consumer and enterprise software, and, eventually, data centres in space.
The company’s satellite-internet unit has continued to expand its global subscriber base, aided by launches of additional satellites and a growing range of consumer, enterprise, aviation, maritime and government services.
Investors are watching whether SpaceX can maintain growth while improving the economics of its network, particularly as it spends heavily to expand coverage, increase capacity and develop direct-to-device mobile services.
The company said it spent $18.37bn on Starlink and Starship expansion efforts, in addition to building out its AI infrastructure. Musk said the company expects its “Starmind” AI satellites to be launched next year.
In its AI business, the tech giant had an operating loss of $1.2bn, as the company also released its most powerful Grok model yet. This comes as the company faces lawsuits around the globe for Grok being used to generate sexualised images of people without their consent.
Separately, SpaceX said it had partnered with Nvidia to use its chips in the Starmind AI1 orbital compute satellites.
When SpaceX debuted on public markets earlier this year, it was the largest stock market debut in history, cementing Musk as the world’s first trillionaire. However, it was a short-lived title because of a sell-off in the broader AI sector and on investor worries that Musk had oversold them on the company’s future prospects for space travel and colonisation, among other issues.
The company’s stock has tumbled 8 percent since its IPO.
SpaceX surged on Tuesday trading. It finished the day up 9.4 percent, but has since tumbled in after-hours trading and was down 7.2 percent since the market close.
July 31 (UPI) — The United States military is preparing to launch a fresh wave of airstrikes on Iran as early as this weekend, unnamed sources told several news outlets Friday.
Sources told CBS News the attacks are likely to target energy infrastructure, but President Donald Trump is yet to give the final order to begin the assault.
The Israeli military might also be included in attacking Iran for the first time in weeks, Axios reported.
“We will be hitting them very hard,” Trump told reporters at Camp David on Friday. “At some point, they’re going to say, ‘We just can’t take it anymore.'”
Striking civilian infrastructure is a war crime under international humanitarian law.
Israeli Defense Minister Israel Katz on Tuesday said, “We very much want to strike Iran’s energy targets.”
“The United States is not approving it at the moment because of the concern that Iran would attack neighboring countries, causing a global oil crisis,” he told the country’s Channel 14, as reported by The Times of Israel.
“As far as we’re concerned, we’re prepared to set [Iran] back 40 years,” Katz added.
Pentagon spokesperson Sean Parnell would not comment on specific targets before the strikes.
“The Department of War is locked and loaded, ready to execute the President’s directives at a moment’s notice,” Parnell said in a statement to CBS News.
One senior Iranian official was quoted as saying attacks against infrastructure are a form of “madness” and the country was prepared to retaliate, Al-Jazeera reported.
The official added Iran’s response would include “the vital infrastructure of the Zionist regime and the energy infrastructure of the US in the region.”
DETROIT — Two people who attended a prestigious Michigan fine arts school reported conduct of a sexual nature by Jeffrey Epstein, a major donor, according to an investigation that also uncovered dozens of allegations spanning decades against nearly 50 other people.
Interlochen Center for the Arts operates a summer camp and performing arts school that draws students from around the world. It hired a law firm in 2024 to investigate reports of sexual abuse by faculty and staff. Subsequently, it expanded the work to include information about Epstein, the 66-year-old financier who killed himself in jail in 2019.
Interlochen removed Epstein’s name from a lodge after he was convicted of sex offenses in Florida in 2008. The building, renamed the Green Lake Lodge, recently was demolished after the U.S. Justice Department released millions of pages about Epstein that had been compiled over the years.
Sanghavi Law Office says it collected 70 accounts from alumni alleging “physical conduct of a sexual nature” by 47 faculty and staff members affiliated with Interlochen from the 1950s through the 2010s, most before 2000.
“The information gathered during this investigation is, simply, devastating,” the 97-page report says, noting that alumni reported grooming, flirting, sexual touching and sex.
Interlochen said it provided names of people accused of misconduct to Grand Traverse County authorities in northern Michigan to determine what steps, if any, might be taken. None are employed at the school and more than a third are dead.
“We are deeply sorry for the harm experienced by members of our community and extend our apologies to those impacted by abuse at Interlochen,” president Trey Davey and board chair Barrett Rollins said in a letter to the community posted online.
“While the vast majority of the incidents described in the investigation took place decades ago, and reports of abuse at Interlochen have significantly decreased over the past 25 years, the passage of time does not diminish the experiences of our alumni,” they said. “Sexual abuse committed by an adult in a position of power or trust against a student is wrong, then and now.”
Interlochen today “is fundamentally different from the institution described in this report,” Davey and Rollins wrote, with comprehensive safety policies and a changed culture.
Epstein, who played the bassoon, was an Interlochen camper in 1967. He donated more than $400,000 to the school between 1990 and 2003.
Two women told investigators that Epstein engaged in conduct of a sexual nature with them, one of them at the Interlochen lodge that bore his name. He brushed against her body “over her clothes, in a manner in which he indicated was accidental,” according to the report.
Epstein also paid for her to visit him in New York while she was a student. She said “every time he was ‘handsy’ with her, she would freeze until he would stop,” the report states.
The other woman said she gave Epstein a massage at his home, according to the report, and he may have asked her to remove her top. She said she had no further contact with Epstein or his girlfriend, Ghislaine Maxwell.
Outside of the school investigation, at least two Interlochen alumnae made allegations of grooming and abuse against Epstein and Maxwell, according to federal records and media reports. Their identities were not made public.
One testified against Maxwell in 2021 when she was convicted of sex trafficking. It’s unclear whether those women spoke to the law firm hired for the Interlochen investigation.
Earnings Call Insights: Champions Oncology (CSBR) Q4 fiscal 2026
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CEO Robert Brainin said the company delivered “record annual revenue” and “met our commitment to full year positive adjusted EBITDA,” including “positive adjusted EBITDA in each of the 4 quarters on its own, the first
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July 23 (UPI) — Arizona health officials have confirmed the state’s first infection of an mpox strain responsible for a global outbreak, identifying the case as having been infected while traveling outside the United States.
The Arizona Department of Health and Services said in a statement Wednesday that it has confirmed its first case of Clade I mpox, involving a person with recent international travel.
“ADHS and local public health officials are working to prevent additional infections through monitoring and follow-ups with people who may have been exposed,” the state health agency said.
“There is currently no evidence of local transmission connected to this case.”
Little information about the patient was made public. The ADHS said it was notified of a confirmed travel-associated case of the mpox strain this month.
It is the state’s 34th case of the disease this year, with all but the most recent patient having contracted Clade II mpox.
Mpox is an infection caused by the monkeypox virus, which is spread through physical contact, including direct skin-to-skin contact and sharing of personal items, including bedding, towels and clothing, the ADHS said.
The virus has two main clades: Clade I, which is endemic to Central Africa, and Clade II, which is associated with West Africa.
According to the U.S. Centers for Disease Control and Prevention, Clade I was historically reported to have a much higher case-fatality rate than Clade II, though recent data suggest case-fatality rates for both clades are low, especially when medical care is provided.
Clade II is the cause of the ongoing mpox outbreak that began in 2022, infecting more than 114,000 people worldwide, including about 37,500 people infected in the United States, CDC statistics show. ADHS statistics show Arizona had 582 mpox infections in 2022, followed by 20 in 2023, 66 in 2024 and 17 last year.
Clade I is also responsible for an ongoing mpox outbreak that began in Central Africa in late 2023, and which has since spread internationally, resulting in more than 55,000 confirmed cases, including more than 150 deaths, since January 2024, the CDC said.
The United States reported between 1,700 and 2,800 mpox cases a year from 2023 through 2025, though nearly all have been Clade II.
The CDC said Clade I cases have increased in frequency in the country since March, with more than 20 cases reported in the United States as of June.
July 20 (UPI) — Taylor Farms said late Sunday the Trump administration mistakenly informed it that a sample of its shredded iceberg lettuce tested positive for a parasite amid a multi-state outbreak that prompted the U.S.-based fresh-produce giant to initiate a recall of the salad staple distributed to 27 states.
The Food and Drug Administration reversed the finding Sunday, determining that the purported positive test for the microscopic Cyclospora parasite, which causes the intestinal illness cyclosporiasis, was a false positive.
“Today, FDA apologized to us,” the company said in a statement.
“Today, we were informed that FDA made a mistake.”
Taylor Farms had initiated the voluntary recall Friday after federal health investigators linked shredded iceberg lettuce sourced from central Mexico to a multi-state cyclosporiasis outbreak through a traceback investigation.
At least 1,644 people in five states have been infected, including 94 hospitalizations, since May 13, according to the U.S. Centers for Disease Control and Prevention, which said there have been no fatalities.
Federal health investigators have linked the illnesses to shredded iceberg lettuce served at Taco Bell locations in Indiana, Kentucky, Michigan, Ohio and West Virginia.
The FDA said Friday that its traceback investigation identified the supplier as Taylor Farms de Mexico. The company then initiated the voluntary recall.
On Saturday, federal investigators said a sample collected during targeted import surveillance tested positive for Cyclospora. The FDA said the produce was not part of the initial recall and investigators were working to identify whether any of the lot was available in commerce.
A day later, Taylor Farms said it was informed of the FDA’s “mistake.”
“To be clear, at this moment, the FDA has not identified a single positive product test result for Cyclospora,” it said.
The FDA told media it had discovered the false positive after rechecking the results of the purported positive sample.
“As of July 19, 2026, there are no confirmed positive sample results for product testing for Cyclospora,” the FDA said in a statement, NBC News reported.
Taylor Farms said it had completed the voluntary recall, which was limited to iceberg lettuce grown and processed in central Mexico, and that all of its other produce is available for purchase.
“Our thoughts remain with everyone who has fallen ill in this outbreak,” it said.
“We are committed to working with public health authorities as the ongoing outbreak investigation continues.”
Netflix on Thursday reported higher revenues and profit in the second quarter as it sought to assure investors about its growth prospects.
The streaming giant reported revenue of $12.6 billion in the second quarter, up 13% from a year ago. Net income during the period rose 9% to $3.4 billion.
Netflix said it expects revenue to grow 12% in the third quarter, but lowered its 2026 revenue forecast to $51 billion from $51.4 billion.
The results were roughly in line with what analysts had predicted and were driven by recent price increase and growth in advertising revenue. The latter is expected to reach $3 billion this year, the company said.
In a presentation with analysts, Netflix executives touted global expansion plans.
“We’re entertaining an audience approaching a billion people with still lots of room to grow into our addressable market on every measure,” said Spencer Neumann, Netflix’s chief financial officer, in the earnings presentation. “We believe we’ve got lots and lots of runway for solid growth ahead of us.”
Those comments appeared intended to assuage investors who’ve grown concerned that people could be spending less time on the streaming service as rivals like YouTube gain market share.
Netflix’s share of TV viewing time in the U.S. has steadily declined in recent months as rivals have gained market share, according to Nielsen data.
The streamer represented 7.8% of all TV viewing in the U.S. in April — the lowest percentage since May 2025. It was 7.5% in April 2025, Nielsen said.
By comparison, YouTube has seen its share of the streaming audience grow. YouTube’s TV viewing share in April rose to 13.4%, up from 12.4% a year earlier, Nielsen said.
Some investors fear that if viewership is down, subscribers could cancel the service, which would negatively affect the platform’s growing advertising business. It could also undercut Netflix’s ability to raise prices in the U.S. and other countries.
Those worries have caused Netflix’s stock price to plummet 41% in the last year. The stock closed on Thursday at $74.35 a share, up 1%. In after hours trading, the stock fell 8%.
“The engagement elephant continues to rear its head and investors are on edge that an earlier price hike in a seasonally tough period and lighter content slate could have driven more churn than usual,” wrote Morgan Stanley Research analysts in a research note.
On Thursday, Netflix said in a letter to shareholders it has a sophisticated understanding of its consumers and “we know not all hours are equal” and that engagement on its platform is “healthy.”
“The entertainment industry remains dynamic and competitive,” Netflix told shareholders. “We aim to stay ahead by executing against our three areas of focus: delivering more entertainment value, leveraging technology to improve every aspect of our service, and improving monetization.”
The Los Gatos-based company said it plans to allocate more than 5% of its content spend on live programming this year. Live content has been a key driver for subscriptions, accounting for six of the top 10 new member sign-up days over the last five years, the company said.
In the first half of 2026, Netflix said members watched more than 97 billion hours, up 2% from a year ago. Among the most popular shows: the crime thriller “I Will Find You,” which had 87 million views; and the romantic comedy film “Voicemails for Isabelle,” which garnered 71 million views.
Netflix has been adding new types of content to its platform, including video podcasts to help increase engagement with subscribers during the day.
As part of the diversification efforts, the platform has expanded its portfolio of live programming over the years, including adding NFL games and streaming Major League Baseball’s opening day game.
Farage served as Reform’s honorary president between March 2021 and June 2024. On 3 June 2024, he confirmed he was returning as party leader and standing in the general election. He became Clacton MP in July 2024.
Under parliamentary rules, new MPs must declare financial interests and “registrable benefits” received in the 12 months before their election.
The guidelines say purely personal gifts or benefits do not need to be registered.
When he became an MP, Farage registered a £9,253 trip to Belgium in April 2024 donated by Cottrell, and later added a £15,276 donation from Cottrell for a US domestic flight he provided in December 2024.
A spokesman for Farage said: “It comes as no surprise that the Sunday Times has chosen to publish this baseless and contrived story, covering a period of time when Nigel Farage was not even an active politician let alone an elected one, given that the newspaper backed the Labour Party at the last general election.
“Contrary to the story’s tone, no parliamentary rules have been broken.”
A source said Reform paid for Farage’s security and staff after his return to politics.
The source also denied Farage received accommodation from Cottrell – saying the MP did not stay at the London property.
The Parliamentary Standards Commissioner, Daniel Greenberg, is currently investigating whether Farage broke the rules over the £5m gift from British cryptocurrency investor Christopher Harborne in early 2024.
Farage has said Harborne gave him the money to pay for his personal security, adding the gift was “purely private” and “wasn’t political in any sense at all”.
Lib Dem MP Josh Babarinde has asked Greenberg to “get to the bottom” of the latest allegations linked to Farage’s support from Cottrell.
Babarinde has also asked Greenberg to confirm whether he will investigate the claims as part of the existing inquiry or as a separate matter.
A Labour Party spokesperson said: “Nigel Farage and Reform are engulfed in a huge and growing scandal.
“These new allegations of secret payments from a wealthy convicted criminal are on top of the ongoing scandal of his secret £5m gift from a crypto billionaire.
“How much money has he been given, what did his donors get in return, and why has he tried to cover them up and avoid legitimate questions?”
Responding to Jenrick’s interview, Labour said Reform “can’t shrug this scandal off and hope it goes away”.
Meta Platforms (META) is reportedly in talks with Samsung Electronics’ (SSNLF) foundry business to design and produce next-generation MTIA AI chips worth over ~10T won ($6.5B).
South Korean financial publication Sedaily reported that chips are expected to use Samsung’s 2nm
Trump has launched a slate of crypto-friendly policies since returning to the White House for a second term.
Published On 30 Jun 202630 Jun 2026
A new government report has shown that United States President Donald Trump made millions from cryptocurrency and settlements with media companies last year, raising questions about possible conflicts of interest.
On Tuesday, the US Office of Government Ethics released annual financial disclosure forms for both Trump and his vice president, JD Vance.
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One 927-page document itemises all of Trump’s reported assets and income for 2025. They include more than $1.4bn from his family’s cryptocurrency ventures.
Trump received more than $500m from World Liberty Financial, a crypto venture he and his sons co-founded. The president also reported another $635m from the sale of his $TRUMP meme coins.
The report suggests that investments in digital assets now generate one of the largest tranches of Trump’s income, overtaking even the real estate empire he inherited from his father.
The revelation is likely to intensify scrutiny of Trump’s policies.
Since returning to the White House in January 2025, Trump has launched a slate of crypto-friendly policies as he seeks to make the US the “crypto capital of the world”.
Early in his second term, for instance, the president announced that his government would create a national strategic cryptocurrency reserve to help ensure the stability of certain digital assets.
He also hosted the first-ever White House cryptocurrency summit.
The forum included several technology leaders that had been under investigation during the administration of Trump’s predecessor, Democrat Joe Biden.
But Trump reversed those actions. In February 2025, for instance, the Securities and Exchange Commission announced it would drop charges against Coinbase, the largest US-based cryptocurrency exchange, after it was accused of acting as an unregistered broker.
Other digital currency firms came under suspicion for fraudulent transactions.
Trump has coupled the shift away from government oversight with efforts to champion new legislation, including the GENIUS Act.
The law, passed in Congress in July 2025, created a general regulatory framework that required stablecoin, a type of cryptocurrency, to be backed one-to-one by US dollars. Advocates said the law would help to make cryptocurrency more mainstream.
“The entire crypto community: For years, you were mocked and dismissed and counted out,” Trump said during the law’s signing ceremony. “You were counted out as little as a year and a half ago, but this signing is a massive validation.”
But Trump’s increasingly close ties to the cryptocurrency industry have drawn criticism for its potential for corruption.
Last week, five Democratic senators, including Elizabeth Warren and Richard Blumenthal, called on their Republican colleagues to join them in forcing Trump administration officials to testify under oath about their cryptocurrency dealings.
They pointed to investments from the United Arab Emirates (UAE) in World Liberty Financial, the company the Trump family co-owns with government envoy Steve Witkoff’s sons.
Those investments, they argued, “raise questions about what more the UAE may receive — or may have already received – at the expense of U.S. national security after investing in the Trump family crypto company”.
The five Democrats urged immediate hearings on the matter.
Weekly insights and analysis on the latest developments in military technology, strategy, and foreign policy.
The U.K. Ministry of Defense is investigating reports that a Russian Navy warship fired warning shots near a British-registered yacht in the English Channel, according to a statement provided to TWZ today. The reported encounter is the latest in a series of increasingly tense interactions between the United Kingdom and Russia.
The incident reportedly occurred around 20 nautical miles south of the Isle of Wight, off the south coast of England, and outside British territorial waters. According to the Ministry of Defense, the initial report came from the crew of the U.K.-registered yacht, which alleged that a Russian warship fired warning shots at a distance of approximately 500 yards.
According to the Press Association, the incident occurred at around 11:40 a.m. local time, in waters between the Isle of Wight and Normandy.
A Ministry of Defence spokesperson confirmed to us that they are investigating reports of the incident, but stressed that the investigation remains in its early stages.
“No injuries or damage have been reported by the yacht, which is continuing its journey,” the spokesperson added.
The Royal Navy was already shadowing the Russian vessel when the alleged incident occurred, the ministry confirmed.
“HMS Mersey was monitoring the Russian vessel at the time. We cannot provide further comment while investigations are ongoing. A seaboat from HMS Tyne has visited the yacht to gather details and check that they are safe.”
Both HMS Mersey and HMS Tyne are River class offshore patrol vessels, frequently used to shadow Russian and other warships passing through the Channel, which is widely considered the busiest shipping area in the world.
HMS Mersey (foreground) seen here monitoring the Russian frigate Admiral Grigorovich (left) and the Kilo class submarine Krasnodar (center-left) in April of this year. Crown Copyright
According to unconfirmed reports, the Russian warship said to be involved is the Admiral Grigorovich, the lead ship of its class, which is also known to NATO as the Krivak V class. The frigate is seen at the top of this story, during an encounter with Royal Navy vessels earlier this year, again in the English Channel.
[Unconfirmed] Russian frigate Grigorovich has fired warning shots at a British yacht in the channel.
British and French ships are mobilising in response.
Incident comes after the Royal Navy boarded Shadow Fleet tanker SMYRTOS (IMO: 9389100) which has been sanctioned by HM…
The Ministry of Defence also sought to distance the incident from another recent maritime security operation in the Channel, in which British forces boarded the Smyrtos, a sanctioned shadow-fleet oil tanker, which was sailing under a false Cameroonian flag.
The boarding of the Smyrtos by Royal Marine Commandos and specially trained law enforcement officers from the National Crime Agency last Sunday was the first U.K.-led operation of its kind. The six-hour military operation also involved Chinook, Merlin, and Wildcat helicopters, a Royal Air Force P-8 Poseidon maritime patrol aircraft, as well as the frigate HMS Sutherland and the mine countermeasures vessel HMS Ledbury.
The vessel Smyrtos is boarded by Royal Marines from 42 Commando and U.K. law enforcement officers on June 14. Crown Copyright
It remains unclear exactly which Russian Navy vessel was involved in the incident today, what prompted the alleged warning shots, or whether any communication took place between the warship and the yacht before the incident.
We will update this post as we find out more about today’s incident.
UPDATE: 2:45 PM EDT –
There is growing speculation that the Russian warship involved in the incident may have suffered some kind of mechanical failure or difficulty at sea.
The U.K. Shadow Defense Secretary James Cartlidge said the incident was “very concerning” and the United Kingdom should “be in no doubt that Russia poses a direct threat.”
The leader of the Liberal Democrat party, Ed MacCleary, said: “These reports are extremely concerning. Russia is quite literally on our doorstep. Aggression and intimidation from Putin in the English Channel cannot be tolerated.”
These reports are extremely concerning – Russia is quite literally on our doorstep.
Aggression and intimidation from Putin in the English Channel cannot be tolerated.
This is a clear reminder that the Government cannot afford any further delays to the Defence Investment Plan. https://t.co/xhnoFQ98tE
According to BBC News, the Russian frigate Admiral Grigorovich fired warning shots after the two vessels came into close contact.
The broadcaster further reports that the “small, motorless yacht had drifted towards the warship in foggy conditions after setting off from the United Kingdom.”
The BBC cites the Russian Ministry of Defense as saying that the yacht had been on a “dangerous approach” towards the warship, and its crew fired into its path “with rifles” after making several attempts to contact it over the radio and after launching warning flares.
The Russian Ministry of Defense further claimed that its sailors had acted in “strict accordance with international shipping regulations.”
A U.K. government source told the BBC that a couple in their 60s were onboard the yacht at the time. They said they did not hear when the Russian frigate sounded its horn.
There have also been unconfirmed reports identifying the yacht involved:
Russians are saying the yacht was ‘Bright Future’ – a British registered 40′ sailing yaht in transit from the Solent to Cherbourg. pic.twitter.com/m3lKpgeHkJ
Data obtained by BBC Verifysuggests that the Admiral Grigorovich has been in the Channel for an extended period, repeatedly being re-supplied by a repair vessel, so that it can escort shadow-fleet vessels through these waters.
Based on satellite images it has reviewed, the BBC says the frigate has been re-supplied by the PM-82, an Amur class repair ship, while operating between the Channel and the North Sea in recent months.
In April, the frigate was reported to have escorted six shadow fleet vessels through the Channel while being monitored by the Royal Navy.
Two scenarios with the yacht
1️⃣🇷🇺 response to Smyrtos boarding this weekend – #greyzone 2️⃣Risk of collision with drifting⛵️in low viz, followed by Ch 16 warning(?) then shot across bow in ‘self defence’ – #maritimebuffoonery
At least one Royal Air Force P-8 Poseidon has transited from its base in Scotland to patrol the Channel this evening, according to publicly available flight-tracking data. The maritime patrol aircraft is very likely tasked wth monitoring Russian naval activity in the area.
More details of the incident have been reported by Deborah Haynes, the security and defense editor at Sky News.
Haynes writes on X that the Russian frigate “fired a couple of warning shots” close to the yacht in the Channel after also sounding an alert to avoid it sailing too close. Citing an unnamed defense source, Haynes reports that it is understood that the Admiral Grigorovich appears to be having difficulty controlling its movements, perhaps due to a propulsion issue.
The warning shots “were certainly not fired at the yacht,” the same source said.
Additionally, while the Admiral Grigorovich has been escorting Russian-flagged vessels through the Channel in recent months, Haynes writes that it was not involved with escorting the Smyrtos, which was boarded by British forces at the weekend.
UPDATE: A Russian warship fired a couple of warning shots close to a UK-registered yacht in the Channel after also sounding an alert to avoid it sailing too close, a defence source said. Investigations are still underway to establish exactly what happened. From what is…
After reaching out to the U.K. Ministry of Defense for more clarification, TWZ received the following from a spokesperson:
“Following attempts to contact a British vessel in the Channel, the Grigorovich fired warning shots. These were not aimed at the vessel and were an attempt to prevent a possible collision.”
“We assess that this is an isolated incident and not linked to the UK’s interception of the Smyrtos this weekend. HMS Mersey has been monitoring the Russian vessel and support has been provided to the crew of the yacht.”
“We assess that the Grigorovich was displaying to other vessels that it was drifting rather than being manoeuvred under power, which may have made her feel more vulnerable, leading to warning shots being fired.”
“We assess that after sounding warnings, the Grigorovich fired several warning shots, but these were not aimed at the yacht.”
The spokesperson told us that they further assess that the shots fired were single rounds, rather than automatic fire.
June 17 (UPI) — Peru’s Ministry of Culture denounced the total destruction of the Triple Spiral pre-Hispanic geoglyph, a figure more than 1,000 years old linked to water worship, located within a protected archaeological zone in the north of the country.
The agency said specialists and National Police officers confirmed the intentional removal of the geoglyph through manual alteration of the terrain in the Quebrada Santo Domingo Archaeological Zone, in the district of Laredo, La Libertad region, about 350 miles north of Lima.
1,000 AÑOS DE HISTORIA BORRADOS EN UN INSTANTE
El geoglifo prehispánico conocido como “Triple Espiral”, un patrimonio cultural con más de 1,000 años de antigüedad, fue destruido de manera intencional en la región de La Libertad, Perú.
“The sequence of events suggests that this attack may constitute retaliation against the recovery and protection actions carried out by the state in defense of cultural heritage,” the ministry said in a statement.
The destruction occurred just days after an operation conducted by cultural, municipal and police authorities to evict illegal occupants who had installed makeshift structures within the Quebrada Santo Domingo Archaeological Zone.
During the operation, authorities removed improvised shacks and fences and detected suspected illegal agricultural activities inside the protected area. They are also investigating the possible clandestine installation of pipelines to extract water from the Chavimochic canal, one of Peru’s most important irrigation and hydraulic infrastructure megaprojects.
Authorities also identified five individuals who claimed to be guarding the land on behalf of an alleged possessor. The Decentralized Directorate of Culture said those individuals are part of the investigation being conducted by prosecutors.
The Triple Spiral was considered one of the principal archaeological symbols of Quebrada Santo Domingo.
The figure measured more than 65 feet meters in length and 19 feet in width and had been associated by researchers with ceremonial practices related to the management and worship of water among pre-Hispanic societies on Peru’s northern coast.
Sandra Barrantes, deputy director of the Decentralized Directorate of Culture of La Libertad, described the incident as an “irreparable loss” for Peru and for the world’s cultural heritage, according to Noticias RPP.
Prosecutors have opened an investigation to identify those responsible and determine possible administrative, civil and criminal penalties.
Quebrada Santo Domingo covers more than 1,500 hectares protected by the state and preserves evidence of human occupation from approximately 11,000 years ago through the 15th century.
#COMUNICADO | El Ministerio de Cultura, a través de la Dirección Desconcentrada de Cultura de La Libertad, expresa su más enérgico rechazo y condena la destrucción total del geoglifo prehispánico Triple Espiral. pic.twitter.com/cEXEeoSFH8— Ministerio de Cultura (@MinCulturaPe) June 15, 2026
The complex contains petroglyphs, ceremonial roads and remains associated with the Cupisnique, Moche and Chimu cultures.
According to the Ministry of Culture, the Triple Spiral was one of the site’s most representative features, and its cultural significance had been compared to that of the famous Nazca geoglyphs in southern Peru. Its destruction completely erased archaeological evidence linked to the worship and management of water in ancient societies on Peru’s northern coast.