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US President Trump: I am unhappy that the United States agreed to conduct joint military exercises with South Korea a long time ago. I have instructed Secretary of War Hergsays to significantly reduce joint military exercises.
US President Trump: I am very pleased to see that Saudi Arabia, Türkiye and Pakistan have finally signed the Mecca Joint Defense Agreement.
August 17th - According to the Financial Times, JPMorgan Chase (JPM.N) CEO Jamie Dimon spoke with UK Chancellor of the Exchequer Healy by phone last week, warning him against raising taxes on the banking sector. The UK government is currently considering imposing new taxes on banks ahead of the October budget. Dimon stated that an uncompetitive tax system could weaken Londons status as a financial center, potentially leading to an outflow of capital and financial jobs from the UK.
According to Al Jazeera, the Speaker of the Iranian Parliament stated that we must reach a level of deterrence to avoid falling into a cycle of war, peace, and then more war.
Market news: Stripe is about to acquire artificial intelligence company OpenRouter for more than $7 billion.