‘Grant purgatory’ is a growing risk to crisis response, and the government shutdown isn’t helping, state emergency officials say

Cleveland-Cliffs is experiencing a surge in demand for its steel products, thanks in part to favorable trade policies from the Trump administration that support U.S. manufacturing. The company is also looking to diversify its operations by exploring the production of rare-earth minerals, which are crucial for various high-tech applications. This move not only strengthens its market position but also highlights the growing importance of domestic production in the face of global supply chain challenges.

Shares in rare earths have surged as the US and China engage in a heated battle over export controls. The Trump administration's plans to set price floors and establish a strategic minerals reserve are seen as crucial moves to secure the supply of these vital resources. This development is significant as it highlights the growing importance of rare earths in global trade and technology, potentially reshaping market dynamics and boosting investor confidence.

The Pentagon has expressed disapproval of the Netflix series 'Boots,' which has gained popularity for its portrayal of a gay military drama. This reaction highlights the ongoing cultural clash between entertainment and political perspectives, particularly under the Trump administration. The show's success contrasts sharply with the views of some government officials, raising questions about representation and acceptance in the military.

Officials are warning that if the government shutdown persists, millions of low-income individuals could lose access to the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps. This is particularly concerning as nearly 42 million people relied on this vital support as of May. The potential loss of benefits could have dire consequences for families struggling to afford basic nutrition, highlighting the urgent need for a resolution to the shutdown.

In a recent appearance on 'Forbes Newsroom,' Rep. Debbie Wasserman Schultz from Florida addressed the ongoing government shutdown, which has now extended beyond 17 days. She emphasized the importance of healthcare discussions during this crisis and urged her colleague Mike Johnson to pay attention to these critical issues. This conversation highlights the intersection of politics and public health, reminding us that decisions made in Congress can have significant impacts on citizens' well-being.

This month has seen a significant rise in unemployment claims filed by federal workers, reaching levels not seen since the government shutdown in January 2019. This surge is concerning as it highlights ongoing challenges within the federal workforce and raises questions about job security for government employees. Understanding the implications of these claims is crucial for assessing the economic health and stability of the public sector.

Cleveland-Cliffs is experiencing a surge in demand for its steel products, thanks in part to favorable trade policies from the Trump administration that support U.S. manufacturing. The company is also looking to diversify its operations by exploring the production of rare-earth minerals, which are crucial for various high-tech applications. This move not only strengthens its market position but also highlights the growing importance of domestic production in the face of global supply chain challenges.

Kering has announced a significant $4.7 billion deal to sell its beauty business to L’Oréal, marking a strategic move by the new CEO, Luca de Meo, to rejuvenate the company's performance. This sale is crucial as it allows Kering to focus on its core luxury brands while L’Oréal expands its portfolio in the beauty sector. Such a transaction not only reflects the evolving landscape of luxury and beauty but also highlights Kering's commitment to strengthening its market position.

Amazon's AWS experienced significant disruptions, leading to outages for hundreds of websites for several hours. This incident highlights the vulnerability of online services that rely on cloud infrastructure, affecting businesses and users alike. The impact of such outages can be far-reaching, causing loss of revenue and frustrating users who depend on these platforms for daily activities.

Crude oil prices are continuing to decline due to concerns over supply and demand. Factors such as weak growth projections, the ongoing energy transition in China and the EU, and tensions from U.S.-China tariffs are contributing to this negative outlook. This matters because fluctuations in oil prices can significantly impact global economies and consumer behavior.

Merck has released long-term data demonstrating that its cancer treatment, KEYTRUDA, continues to provide significant survival benefits for patients with lung cancer. This is important because it reinforces the effectiveness of KEYTRUDA as a vital option in cancer therapy, potentially improving the quality of life for many patients facing this challenging disease.

Abbvie's stock price target has been raised to $258 from $240 by BMO Capital, reflecting growing confidence in the company's future performance. This adjustment is significant as it indicates analysts' optimism about Abbvie's potential for growth and profitability, which could attract more investors and positively impact the stock market.