P.M. Edition for May 27. China, Russia and North Korea claim the missile-defense project is driving a dangerous new arms race. WSJ reporter Thomas Grove says an impenetrable shield—though difficult to accomplish—would upend the paradigm of mutually assured destruction. And the GOP tax bill includes a much higher levy on schools’ endowment income. WSJ reporter Juliet Chung discusses how universities are rethinking their investment strategies. Plus, Salesforce strikes a roughly $8 billion deal to buy the data-management software firm Informatica to enhance its AI capabilities. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What is the Golden Dome missile defense system?
The Golden Dome would combine ground-based interceptors with satellites to guard against high-tech threats, including hypersonic missiles. Wall Street Journal Reporter Thomas Grove has more on this. Thomas, how would this Golden Dome fit within the US's overall nuclear posture?
Chapter 2: How do China, Russia, and North Korea perceive the Golden Dome?
Was wir hier betrachten, ist ein System, das die Art und Weise ändert, wie wir die nuklearen Waffen verstehen, als eines der größten nuklearen Kräfte auf der Erde. Russland ist etwas größer, mit mehr Kriegsführern. Aber durch den Kalten Krieg betrachten wir den Mutual Assured Destruction. Das war das Körnerstein der Deterrenzen.
Wir wollten nicht unseren Opponenten schießen, weil wir wussten, dass wir in Retaliation getroffen werden würden. Und so schifft sich das ganze Paradigm und schafft eine defensive Schiede, How does President Trump envision this defense system working? So he's looking at ground-based, space-based interceptors and he's very much put it as a shield against rogue states.
And quite honestly, whenever previous administrations that have looked at missile defense shields and things like that, it's very much against rogue states because quite honestly... Es wäre sehr schwierig, sich gegen Peer-Missile zu schützen.
Die Logik ist, dass das, was Nordkorea oder Iran potenziell auslösen würde, vielleicht weniger technologisch verbessert wäre als, sagen wir, was Russland, zum Beispiel.
Chapter 3: What are the challenges of implementing the Golden Dome?
Chapter 4: How does Trump's tax plan affect university endowments?
The reason this proposed tax plan is such a seismic change is because it shifts the perspective of endowment chiefs to go from being effectively a tax-exempt investor. You suddenly need to don this hat of being a taxable investor.
It's Tuesday, May 27th. I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola. This is the PM edition of What's News, the top headlines and business stories that moved the world today. Präsident Trump hat heute mit dem russischen Präsidenten Wladimir Putin verabschiedet.
Er hat auf Social Media geschrieben, Was Wladimir Putin nicht erkennt, ist, dass, wenn es nicht für mich war, viele wirklich schlechte Dinge zu Russland passieren würden. Und ich meine wirklich schlechte. Er spielt mit Feuer. The White House didn't immediately respond to a request for comment. Meanwhile, the U.S.
President's Golden Dome plan for a missile shield protecting American territory has riled the three countries whose weapons pose the greatest threat to it. China, Russia and North Korea claim the project fuels a dangerous new arms race. All three countries have also denounced Trump's call for space-based interceptors, saying they risk turning space into a battlefield.
The Golden Dome would combine ground-based interceptors with satellites to guard against high-tech threats, including hypersonic missiles. Wall Street Journal Reporter Thomas Grove has more on this. Thomas, how would this Golden Dome fit within the US's overall nuclear posture?
Was wir hier betrachten, ist ein System, das die Art und Weise ändert, wie wir die nuklearen Waffen verstehen, als eines der größten nuklearen Kräfte auf der Erde. Russland ist etwas größer, mit mehr Kriegsführern. Aber durch den Kalten Krieg betrachten wir den Mutual Assured Destruction. Das war das Körnerstein der Deterrenzen.
Wir wollten nicht unseren Opponenten schießen, weil wir wussten, dass wir in Retaliation getroffen werden würden. Und so schifft sich das ganze Paradigm und schafft eine defensive Schiede, How does President Trump envision this defense system working? So he's looking at ground-based, space-based interceptors and he's very much put it as a shield against rogue states.
And quite honestly, whenever previous administrations that have looked at missile defense shields and things like that, it's very much against rogue states because quite honestly... Es wäre sehr schwierig, sich gegen Peer-Missile zu schützen.
Die Logik ist, dass das, was Nordkorea oder Iran potenziell auslösen würde, vielleicht weniger technologisch verbessert wäre als, sagen wir, was Russland, zum Beispiel.
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Chapter 5: What does the Salesforce deal with Informatica mean for AI?
Chapter 6: How are US stocks reacting to trade talks with the EU?
And quite honestly, whenever previous administrations that have looked at missile defense shields and things like that, it's very much against rogue states because quite honestly... Es wäre sehr schwierig, sich gegen Peer-Missile zu schützen.
Die Logik ist, dass das, was Nordkorea oder Iran potenziell auslösen würde, vielleicht weniger technologisch verbessert wäre als, sagen wir, was Russland, zum Beispiel.
Trump wants the Golden Dome in place by the end of his term as president. Is that doable?
Most military experts believe that just even getting such a system in place would be tremendous effort in terms of getting the number of satellites that you need, in terms of getting the interceptors in place. They would say that getting it all in place before the end of Trump's term would be an even more difficult ask.
That was Wall Street Journal Reporter Thomas Grove joining from Poland. Thanks so much, Thomas.
Thank you.
US-Stocks rose sharply today after President Trump walked back tariff threats against the European Union. The two trading partners indicated that talks were back on track. The Nasdaq led stock indexes higher with a 2.5% gain. The Dow added 741 points, while the S&P rose more than 2%.
Its biggest jump since May 12th, when news of a rollback on tariffs between the US and China sent the index 3.3% higher. Salesforce has struck a roughly $8 billion deal for the data management software firm Informatica. The deal is a move to bolster artificial intelligence capabilities at Salesforce.
Informatica helps companies manage their data across systems both in the cloud and on site, allowing organizations to better analyze the data they collect. The San Francisco-based Salesforce specializes in cloud-based software that helps sales staff manage customer relationships.
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