Newsletter Apr 11, 2024
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Markets
DJIA 38,461.51 -1.09%
S&P 500 5,160.64 -0.95%
Nasdaq Composite 16,170.36 -0.84%
Japan: Nikkei 225 39,581.81 -0.48%
UK: FTSE 100 7,961.21 0.33%
Crude Oil Futures 86.25 1.20%
Gold Futures 2,352.40 -0.42%
Yen 153.07 -0.07%
Euro 1.07 -0.01%
* As of market close

 
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Biden woos Kishida with gala, defense pact

President Joe Biden welcomed Japanese Prime Minister Fumio Kishida to the White House with a gala dinner and press conference to unveil plans to restructure the US military command in Japan to make them more responsive to threats in the Asia-Pacific region. Today, Biden will host the first ever trilateral summit between Japan, the Philippines and the US to further expand alliances against China. But hanging over them is a Japanese takeover of US Steel, a deal opposed by Biden.

HOW BIDEN IS WOOING KISHIDA WITH MOONSHOT, PAUL SIMON



Biden presses House to vote on Ukraine aid

President Joe Biden on Wednesday urged the House to vote on billions of dollars in Ukraine aid as Republican speaker Mike Johnson hesitates in the face of pressure from Donald Trump and his allies. Biden has proposed a package of $60 billion for Ukraine as it seeks to fight back against a more than two-year-old Russian invasion. The funds passed the Senate but have languished for months in the House where Johnson has refused to bring a vote to the floor with a razor-thin margin.

FIND OUT WHY JOHNSON IS UNDER FIRE FROM BOTH PARTIES


Presidential election shakes up South Korea

The winner in South Korea's election is the country's most controversial politician: opposition leader Lee Jae-myung, whose party is heading towards a landslide win, making the scandal-plagued liberal a danger to beleaguered President Yoon Suk Yeol. A former factory worker who played up his rags-to-riches tale to rise to the top of Korean politics, Lee lost the 2022 presidential election to arch-rival Yoon by the narrowest margin in the nation's history, but now he's back for revenge.

SEE HOW SOUTH KOREAN POLITICS WILL NEVER BE THE SAME


Extra point

Dictatorship North Korea has had only three leaders since the two countries split in 1948. How many has democratic South Korea had?

Wednesday's answer: German scientist Ernst Dickmanns is credited with inventing the first fully autonomous self-driving cars in 1986.

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