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Politics

More than 800 British defense Cos. have urged UK Chancellor Reeves to launch a global rearmament bank to guarantee lending to the sector as the UK government attempts to ramp up military spending, Politico reports

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Today's market highlights

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)