Spanish Borrowing Costs Surge On Bank Rescue Fears

“Hunter Biden confronted his demons of alcohol and crack cocaine addiction in his memoir Beautiful Things, which garnered favorable reviews but modest sales when it was released months after his father became president. The book came back to haunt him in court,” the Wall Street Journal reports. “The younger Biden’s trial on gun charges ended last week when a federal jury in Delaware found him guilty of falsely claiming he had no drug problem when he bought a .38-caliber Colt Cobra revolver in October 2018.

Los Angeles Times: “Politically active since he was a teenager — but often behind the scenes as a top fundraiser — Katzenberg this year is taking on the highest-profile political role he’s ever had, as a co-chair of Biden’s reelection campaign in what will likely be a tough race against Trump.” “He’s Biden’s only campaign co-chair who is not an elected official, a sign of how entrenched Katzenberg has become in Democratic politics since his peak as a Hollywood mogul.

Politico: “Vance, Burgum and Rubio are in their own higher tier, according to multiple Trump allies granted anonymity to speak freely. But who’s up and who’s down seems to change by the week.”

Bloomberg: “The US has nabbed almost one-third of all the investment that flowed across borders since Covid struck… The pre-pandemic US average share was just 18% … For all the angst over the dollar’s dominance, a run-up in US interest rates to the highest levels in decades proved a major draw for overseas investors.” “The US has also pulled in a fresh wave of foreign direct investment (FDI) thanks to billions of dollars worth of incentives under President Joe Biden’s initiatives to spur renewable energy and semiconductor production.”

“An embattled ‘Squad’ Democrat facing a hotly contested primary has ignited a feud with a neighboring congressman he said is pandering to the pro-Israel lobby to gain political power,” the New York Post reports. “Rep. Jamaal Bowman – an Israel critic who’s trailing moderate challenger George Latimer by 17 percentage points, according to a recent poll – took a shot at Bronx Rep.

“Israeli Prime Minister Benjamin Netanyahu has dissolved the six-member war cabinet, an Israeli official said on Monday, in a widely expected move that came after the departure from government of the centrist former general Benny Gantz,” Reuters reports. “Netanyahu is now expected to hold consultations about the Gaza war with a small group of ministers, including Defence Minister Yoav Gallant and Strategic Affairs Minister Ron Dermer who had been in the war cabinet.”