The US has reported “extremely severe damage” to three Iranian nuclear sites—Fordow, Natanz, and Isfahan—following air strikes known as Operation Midnight Hammer, which is supported by the UN nuclear watchdog. Iran’s foreign minister warned of “everlasting consequences,” while the IAEA noted significant damage to Natanz and Isfahan, amidst rising tensions following the ongoing conflict with Israel.
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US semiconductor maker Wolfspeed to file for bankruptcy
Wolfspeed, a North Carolina semiconductor manufacturer for electric vehicles, has reached a bankruptcy agreement to reduce its $6.5 billion debt by over two-thirds, effectively wiping out existing shareholders. The company plans to formally file for bankruptcy soon and aims to emerge by the end of 2025, while navigating challenges from rising interest rates and changing government policies. Need More Context? 🔎
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