Defense Production Act

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Global Markets & Equities 10 Oct 2026, 02:09 AM IST

Trump Presses to Cut Fuel Costs as Midterms Near, but Market Forces May Limit the Payoff

President Donald Trump is intensifying efforts to lower gasoline and diesel prices ahead of the midterm elections, leaning on federal tools and pressure on energy officials to lift supply. But with refining constraints, seasonal demand patterns and global oil benchmarks still shaping prices, the political benefits may prove limited and uneven.

By RDU Global Wire5 min read

Global Markets & Equities10 Oct 2026, 01:28 AM IST

U.S. Diesel Prices Stay Elevated Despite Trump’s Push to Lift Fuel Supply

U.S. diesel prices remain stubbornly high even as President Donald Trump moves to pressure officials into boosting oil and fuel output, underscoring the limits of rapid policy intervention in a tight refining market. The persistence of elevated diesel costs threatens to blunt any near-term relief for consumers and businesses ahead of the election cycle.

5 min readRead →

Enterprise Tech, Cloud & AI5h ago

Sitharaman Says AI, Semiconductors and Quantum Tech Are India's Next Big Investment Frontier

India's finance minister Nirmala Sitharaman has called for a major push into artificial intelligence, semiconductors and quantum technology, arguing that the country must invest more aggressively in hardware, skills and institutions to stay competitive. Speaking in Bengaluru, she also pushed back against foreign perceptions that India has "missed the AI bus," saying much of the country's innovation remains underrepresented in public markets despite a growing startup base.

8 min readRead →

Global Health & Biotech4h ago

Hegseth Praises Saronic Team Behind Sea Drone Used in Apache Crew Rescue

Secretary of War Pete Hegseth visited Saronic Technologies in Austin, Texas, as part of an Arsenal of Freedom tour stop and addressed employees who built the sea drone later used in the rescue of a downed Apache crew. The appearance highlighted the growing role of autonomous maritime systems in U.S. defense operations and the Pentagon's push to accelerate innovation from American industry.

4 min readRead →

Defence, Intelligence & Aerospace5h ago

Hegseth, Pistorius Pledge Deeper U.S.-German Defense Industrial Cooperation as NATO Pressure Mounts

U.S. Secretary of War Pete Hegseth and German Defense Minister Boris Pistorius met at the Pentagon to discuss NATO 3.0, higher European defense spending and closer alignment between the two countries' defense industrial bases. The talks underscored growing transatlantic urgency to expand weapons production, strengthen supply chains and prepare for a more demanding security environment in Europe.

4 min readRead →

World Politics & Diplomacy5h ago

U.S. Navy Awards $562 Million First Production Contract for MQ-25A Stingray Drone Tanker

The U.S. Navy has awarded Boeing a $562 million contract for initial production of the MQ-25A Stingray, marking the program's transition from development into manufacturing. The carrier-based unmanned aircraft is designed to refuel jets at sea, a capability the Navy says will extend the range and endurance of its carrier air wings while easing pressure on manned aircraft.

4 min readRead →

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Washington, D.C.(2)Donald Trump(2)United States(1)Sydney(1)Reuters(1)Restaurant Brands International(1)