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Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), on Friday confirmed that Reliance Jio will debut on Indian stock exchanges in the first half of 2026.

Speaking at the conglomerate’s 48th annual general meeting, attended virtually by more than 4.4 million shareholders, Ambani said that preparations for the much-anticipated IPO are already underway.

“Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026, subject to all necessary approvals,” Ambani said.

“I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors,” he added.

The announcement ended years of speculation about Jio’s market debut, first hinted at by Ambani back in 2019 when he said both Jio and Reliance Retail would list within five years.

Jio’s valued at $115 B

Reliance Jio has rapidly expanded its business since its 2016 launch, transforming India’s telecom sector with low-cost data and aggressive pricing.

In FY25, the company posted revenues of Rs 1,28,218 crore ($15 billion), up 17% year-on-year, while EBITDA rose to Rs 64,170 crore ($7.5 billion).

Ambani highlighted these figures as proof of Jio’s “enormous value already created” and suggested even greater value creation lies ahead.

Reliance Industries owns a 66.5% stake in Jio Platforms Ltd, which controls Reliance Jio Infocomm.

Investment bank BofA Global Research recently valued Jio at $115 billion, close to rival Bharti Airtel’s $124 billion India business, according to LSEG data.

Airtel, with a market capitalisation of $128.7 billion, trades at a price-to-earnings multiple of 31.92.

Stake sale could raise around $6 B, largest in Indian history

While Indian IPO rules mandate that companies must float at least 25% of their equity, Reliance is reportedly exploring a smaller public offering.

Bloomberg reported recently that RIL has approached the Securities and Exchange Board of India (SEBI) to allow a reduced float, citing limited market depth to absorb a massive deal.

Discussions have centred on a possible 5% stake sale, which could raise around $6 billion at current valuations.

Such a listing would surpass Hyundai Motors India’s $3.3 billion IPO in 2024, making it the largest in Indian history.

It would also exceed this year’s biggest global listing, the $5.3 billion Hong Kong debut of Contemporary Amperex Technology.

India’s regulator appears to be moving in that direction.

On August 21, SEBI proposed easing norms for mega listings, allowing companies valued above 1 trillion rupees to sell as little as 2.75% in an IPO, and those valued above 5 trillion rupees to offer just 2.5%.

Investor exits and market appetite

The IPO will also provide an exit route for Jio’s global investors.

In 2020, Meta Platforms and Alphabet’s Google invested over $20 billion in Reliance’s digital arm, valuing Jio Platforms at $58 billion at the time.

Analysts believe the listing will crystallise gains for these investors, while also offering retail and institutional buyers a stake in India’s biggest digital services provider.

However, questions remain over whether India’s domestic markets can fully absorb an IPO of such scale.

Hyundai Motors India’s public float, despite being oversubscribed more than twice, saw weak retail participation, with most demand coming from institutional investors.

Ambani outlines Jio’s five-point vision

Beyond the IPO, Ambani laid out an ambitious roadmap for Jio’s growth. He pledged that the company would:

Connect every Indian through mobile and home broadband.

Equip households with digital services including Jio Smart Home, JioTV+, and Jio OS.

Digitise businesses of all sizes with scalable platforms.

Drive India’s AI revolution under the banner “AI Everywhere for Everyone.”

Expand operations globally, exporting Jio’s homegrown technology abroad.

“I am extremely confident that the path ahead for Jio is even brighter than its journey so far,” Ambani told shareholders.

Market reaction mixed

Despite the long-awaited announcement, Reliance Industries’ shares fell by nearly 1.5% on Friday.

Analysts said investors may have been hoping for an earlier timeline or greater clarity on the IPO structure.

Still, with Jio poised to stage India’s largest-ever listing, attention now turns to SEBI’s decision on whether to ease public float rules and how global investors respond to the offering.

The post Reliance AGM: Mukesh Ambani confirms Jio IPO in first half of 2026, set to be India’s biggest listing appeared first on Invezz

The Barclays, NatWest, and Lloyds share prices plunged on Friday, dragging the blue-chip FTSE 100 Index. NatWest stock plunged to 512p, down by almost 10% from its highest point this year. 

Windfall tax proposal drags Barclays, NatWest, Lloyds share prices

Lloyds share price plunged by over 7.2% from the year-to-date high, in line with our recent forecast. That prediction identified a giant rising wedge chart pattern on the daily timeframe.

Barclays tumbled to a low of 355p, down by over 6.17% from the YTD high. Other large bank stocks like HSBC and Standard Chartered also slumped. 

The main catalyst for the ongoing plunge is the renewed calls for Rachael Reeves to implement a windfall tax on these companies for benefiting in the high interest rate era.

The current pressure came from the Institute for Public Policy Research, which noted that these banks had benefited from state subsidies from the Bank of England’s quantitative easing that inflated prices. 

It is unclear whether Reeves, who faces a big hole in the budget will follow through the proposal, which the think tank argues would raise £32.5 billion in the next five years. It noted that the levy would even leave Reeves with an extra $3.2 billion. 

Bank have always opposed a windfall tax arguing that it would make the country’s financial sector unattractive. Their representative said:

“Banks based here already pay both a corporation tax surcharge and a bank levy. Adding another tax would make the UK less internationally competitive and run counter to the government’s aim of supporting the financial services sector.”

UK bank stocks have boomed

The call for a windfall tax comes at a time when the UK bank stocks have boomed this year. Lloyds share price has jumped to the highest point since 2007. 

Barclays stock peaked at 380p this year, the highest level since August 2007 and 515% above the lowest level this year. NatWest, which owns Coutts and Royal Bank of Scotland (RBS), crossed 500p, and moved to the highest level since 2008. 

These banks have all benefited from the era of high interest rates, which has helped them to buy back their stock and boost their dividends. 

The most recent results showed that Lloyds Bank’s net interest income rose to £6.65 billion in the year’s first half to £6.65 billion, up by 5% from last year’s £6.3 billion. 

Barclay’s net interest income rose to £7 billion from £6.1 billion, while NatWest’s figure rose by 13% to £6.1 billion. Still, analysts predict that the era of this profit boom may be ending as the Bank of England (BoE) slashes interest rates.

It is unclear whether the ongoing slump of top stocks of companies like Lloyds, Barclays, and NatWest will continue. However, the stocks could rebound if Reeves rules out windfall taxes.

The post Here’s why Barclays, NatWest, Lloyds share prices are crashing appeared first on Invezz

Eli Lilly has partnered with a leading Chinese tech company, JD Health to fast-track its presence in China’s rapidly expanding obesity drug market, boosting the company’s global growth in the weight-loss sector.

Eli Lilly’s move into the obesity drug market is reshaping the global pharma landscape.

After the success of drugs like Zepbound (tirzepatide) and a growing appetite for new weight-loss treatments, the company is rapidly expanding overseas.

China, with its rising obesity rates and population of over 1.4 billion, is a huge opportunity.

The new partnership with a major local tech company shows Lilly is serious about tailoring distribution, using digital health platforms, and reaching as many patients as possible.

Strengthening market access via Chinese tech

The deal gives Eli Lilly a way to tap into the vast reach of a Chinese tech giant JD Health, making it easier for patients to access treatments for obesity, diabetes, and related conditions.

JD Health’s digital network is a major force in online healthcare and pharmaceutical distribution in China.

Lilly’s partnership means its drugs will show up on a single digital platform, making it easier for millions of people in China to get and use them. It could also help fix old problems with uneven healthcare and spotty insurance coverage.

On top of that, the platform will let Lilly see how patients are doing, keep them on track with their treatment, and get a better sense of the local market.

Experts say this is Lilly’s way of keeping up with the competition. Companies like Novo Nordisk and some Chinese biotech startups are rushing to bring new weight-loss drugs to patients.

Working with a big digital health platform gives Lilly a faster way to reach people and adapt as rules and demand change.

Industry impact

This is a massive shake-up in the battle for weight-loss drug dominance. China’s obesity medication market is expected to hit over $7 billion by 2030, while the broader diabetes and weight-loss drug market worldwide could reach $150 billion.

But here’s the thing- Chinese regulators aren’t making it easy. They’re tightening the screws with more oversight, requiring companies to prove their drugs work in real-world settings after approval, and constantly tweaking which medications get covered by insurance.

This means drug companies can’t just launch a product and hope for the best anymore. They need to stay connected with patients and keep collecting data to prove their treatments actually work.

Eli Lilly seems to get this. They’re not just trying to get their new drugs approved as they’re also betting big on technology to help patients manage their treatment and partnering with local companies to get ahead of competitors like Novo Nordisk and others.

They’re combining their pharmaceutical expertise with digital tools to navigate China’s complex healthcare system.

The post Eli Lilly joins forces with China tech giant to expand obesity drug market appeared first on Invezz

Quantum computing stocks surged this week, driven by recent major partnerships and a growing shift from speculative hype to tangible commercial prospects.

The sector’s momentum was fueled by announcements from market leaders like IBM, AMD, and Rigetti Computing, signalling that quantum technology is entering a new phase of growth and institutional adoption.

With notable analyst upgrades and increased funding, investors are increasingly confident that quantum computing is poised for more than just experimental breakthroughs.

Tech giants drive quantum computing industry momentum

The driving force behind the recent surge in quantum stocks is a wave of strategic alliances between well-established technology firms and specialised quantum players.

The headline partnership between International Business Machines (IBM) and semiconductor powerhouse Advanced Micro Devices (AMD) exemplifies this trend.

IBM and AMD have announced plans to co-develop hybrid supercomputing architectures that integrate AMD processors—CPUs, GPUs, and FPGAs—with IBM’s quantum systems, aiming to create new quantum-classical workflows tailored for commercial applications.

This collaboration highlights the growing institutional confidence in quantum hardware and software becoming commercially viable in the near-to-medium term.

AMD’s stock jumped nearly 3% after the announcement, reflecting investor enthusiasm for the company’s expanded role in the quantum ecosystem.

IBM’s CEO Arvind Krishna emphasised the transformative nature of quantum computing, stating it will “simulate the natural world and represent information in an entirely new way.” The partnership is expected to accelerate progress towards fault-tolerant quantum computing by the end of the decade.

Behind the joint announcement, other tech giants are reinforcing their presence in quantum computing.

Microsoft continues to expand its ‘Quantum Safe’ initiative focused on cybersecurity applications, while NVIDIA has launched a Quantum-AI research center aimed at exploring the intersection of quantum computing and artificial intelligence.

Quantum computing stocks rally on positive analyst sentiment

Market sentiment around quantum computing companies has notably improved, reflecting the industry’s advancement from pure experimental technology demonstrations toward commercially meaningful products and services.

Prominent stock commentators, including CNBC’s Jim Cramer, have revised their outlooks on companies like Rigetti Computing, recently describing the stock’s upside potential more positively than before.

Rigetti itself has become a major focus this week after announcing a collaboration with Montana State University to open a new Quantum Core Research and Education Center equipped with a 9-qubit Rigetti Novera quantum processing unit.

The announcement pushed Rigetti shares up nearly 9% intraday, marking one of the largest gains among public quantum companies.

Other quantum-related stocks such as IonQ, D-Wave Quantum, and Quantum Computing Inc. also posted gains ranging from 3% to 4%, continuing a trend of steady share price appreciation.

Significantly, D-Wave’s stock has surged over 210% in the past six months, underscoring growing investor appetite for companies with commercial quantum hardware offerings.

Funding dynamics and commercial order growth highlight sector maturity

Investment data underscore an evolution in quantum funding patterns.

According to market reports, investment in quantum technology during the first five months of 2025 has already reached 70% of all funding in 2024, despite fewer deals overall. This indicates a shift toward larger, more strategic investments in companies with promising roadmaps.

Commercial purchase orders for quantum computers totalled $854 million in 2024, a 70% increase from the prior year.

This underscores increasing market demand for quantum systems that can solve real-world problems, extending beyond early-stage research labs. However, analysts caution that while progress is significant, many quantum firms are still pre-revenue or rely on limited commercial deployments, making valuations speculative.

The shift in focus from distant future potential to nearer-term commercialisation represents a critical phase for the quantum industry.

As quantum computing players expand partnerships with established tech giants and deliver incremental milestones, the market is responding with rising valuations and heightened investor interest.

The post IBM and AMD lead quantum computing surge as Rigetti and IonQ shares rally appeared first on Invezz

Dow futures plunged 160 points on Friday as investors looked ahead to the release of the Fed’s go-to inflation gauge, the Personal Consumption Expenditures (PCE) index.

The report could influence whether rates move in September. The slight pullback comes after the Dow hit a record high yesterday, showing both the market’s confidence in the economy and its nerves over global challenges and choppy earnings.

Traders are treading carefully, taking some profits while waiting for fresh economic signals.

5 things to know before Wall Street opens

1. Traders are zeroed in on July’s PCE report, the Fed’s preferred inflation measure. Forecasts call for a 2.6% annual gain, the same as June. The release will be key for September’s Fed meeting, with futures now tilting toward a rate cut.

The question is whether inflation looks soft enough to give policymakers cover to ease, especially with the job market showing cracks and global jitters hanging over sentiment.

2. Global stock markets kicked off the day going in different directions. Chinese stocks actually bounced back as their tech companies showed some staying power, but European and Japanese markets slipped a bit.

Everyone’s still trying to figure out what Trump’s tariff threats actually mean for business.

The tariffs are becoming a real headache. American companies with operations overseas are seeing their profits take a hit, and supply chains that took decades to build are getting scrambled.

It’s not just about moving factories around anymore as entire business strategies are getting rewritten.

3. Tech stocks dragged US futures lower, led by a nearly 13% drop in Marvell after the chipmaker warned on data center demand.

The weak outlook rippled across AI and semiconductor names, cutting into the sector’s recent record-setting run. Marvell’s caution has investors questioning how long the AI-driven rally can last, even with strong results from Nvidia and other heavyweights.

4. Before the market even opened, some big names were already making waves with their latest earnings reports.

Dell got hammered, dropping 6% after their profit margins came in weaker than anyone expected. Sure, they tried to sound upbeat about the rest of the year, but investors weren’t buying it.

On the flip side, Affirm shot up 15% after actually turning a profit this quarter. They beat expectations across the board, which is huge for the “buy now, pay later” industry that’s been getting beaten up lately.

5. Fresh data paints a mixed picture of the US economy. Second-quarter GDP was revised up to 3.3% annualized, underscoring solid growth, but labor indicators are softening.

Consumer surveys point to fading confidence in job availability, adding to signs of cooling.

The blend of strength and strain is shaping bets on near-term Fed moves and keeping global investors cautious.

The post Dow futures plunge 160 points on Friday: 5 things to know before Wall Street opens appeared first on Invezz

PepsiCo Inc. is deepening its investment in Celsius Holdings Inc. with a $585 million transaction designed to expand the distribution and strategic reach of the fast-growing energy drink company, Bloomberg reported, citing sources familiar with the matter.

The move underscores PepsiCo’s continued push into the lucrative functional beverage market and comes amid growing consumer demand for healthier, performance-driven drinks.

Details of the transaction

According to the report, PepsiCo will acquire convertible preferred stock in Celsius, raising its ownership stake to 11%.

The deal extends the conversion period for PepsiCo’s initial 2022 investment, when it purchased an 8.5% stake for $550 million.

As part of the latest agreement, PepsiCo will also gain the right to nominate an additional director to Celsius’ board, further cementing its influence within the company.

In a parallel development, Celsius will acquire PepsiCo’s Rockstar Energy brand in the United States and Canada.

PepsiCo will continue to retain ownership of Rockstar internationally, ensuring that the brand remains part of its global energy beverage portfolio.

The transaction is expected to be announced as soon as Friday, the report said.

Strategic energy partnership

The deal significantly reshapes the relationship between the two companies.

Under the agreement, Celsius will become the strategic energy lead for PepsiCo in the US, overseeing three major energy brands: Celsius, Alani Nu, and Rockstar Energy.

PepsiCo, meanwhile, will take the lead on the distribution of Celsius’ portfolio across the US, leveraging its extensive retail and supply chain network to broaden market reach.

Celsius’ Alani Nu, a female-focused energy drink acquired earlier this year, will now shift into PepsiCo’s distribution system in the US and Canada.

The move is aimed at accelerating Alani Nu’s retail presence and growth trajectory by tapping into PepsiCo’s established channels.

By integrating Celsius’ offerings into its own distribution framework, PepsiCo is positioning itself more firmly in the expanding energy drink segment.

The collaboration enhances PepsiCo’s beverage portfolio, which already includes well-known sports and performance brands such as Gatorade and CytoSport.

Market impact and growth outlook

Celsius, founded in 2004, has experienced rapid growth in recent years, driven by consumer enthusiasm for its vitamin-infused drinks marketed as calorie-burning and performance-enhancing.

The company’s sales momentum continued in the second quarter, with results surpassing Wall Street expectations following the integration of Alani Nu.

Celsius shares closed at $59.69 on Thursday, leaving the company with a market capitalisation of about $15.4 billion.

The stock has gained significantly in recent years as investors bet on the company’s ability to capture a growing share of the energy drink market.

For PepsiCo, the move reflects its broader strategy of adapting to shifting consumer preferences, with greater emphasis on healthier, less processed products.

While PepsiCo’s portfolio spans from breakfast cereals to juices, its investment in Celsius highlights the increasing importance of functional beverages in its growth agenda.

The deal positions both companies to benefit: Celsius gains access to PepsiCo’s vast distribution capabilities, while PepsiCo strengthens its foothold in one of the fastest-growing categories of the beverage industry.

The post PepsiCo to increase ownership in Celsius with $585M deal: report appeared first on Invezz

Europe’s powerhouse trio, the U.K., France, and Germany (E3), on Thursday initiated the process to reimpose sweeping sanctions against Iran over its ‘significant non-compliance’ with international nuclear agreements. 

At 9 am EST, they submitted a letter to the president of the United Nations Security Council, Panama’s Ambassador Eloy Alfaro de Alba, notifying him of their intent to trigger the snapback sanctions mechanism enshrined under the 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).

The action comes after months of warnings from European leaders, and years of calls from the U.S. dating back to the first Trump administration in 2018, flagging that Tehran was in violation of nuclear agreements made under the 2015 Joint Comprehensive Plan of Action (JCPOA) – though Iran’s record of non-compliance did not initiate until 2019 per findings by international nuclear watchdogs. 

According to a U.K. official on Thursday, the decision to enforce snapback sanctions, which is expected to have severe consequences for Iran’s already flagging economy, was not a decision that was made ‘lightly.’

The official confirmed that there has been ‘very intense diplomacy’ over the last ’12-months, 6-months, 6-weeks’ that ultimately led to this decision – including three major factors like Tehran’s uranium stockpile levels, its operating of advanced centrifuges and its refusal to adhere to international inspection regulations – all of which are dictated under the JCPOA.

The official confirmed that in May Iran was found to have roughly 20,000 lbs of enriched uranium, including 900 lbs of near-weapons grade highly enriched uranium (HEU) – which is 45 times higher than the JCPOA limit of under 660 lbs of enriched uranium.

‘Iran is the only non-nuclear weapons state producing highly enriched uranium,’ the official said, adding that those stockpiles remain unaccounted for. 

Thursday’s actions mean that by the end of the 30-day period all 15 members of the United Nations Security Council (UNSC), which includes Russia and China, could be legally bound to reimpose sanctions on Iran. 

But in speaking to reporters in Washington, D.C. on Wednesday, the head of the U.N.’s nuclear watchdog, the International Atomic Energy Agency, said there is ‘still time’ for Iran to prevent the sanctions from taking hold. 

‘Iran will have to comply,’ IAEA Director General Raffael Grossi said. ‘I think there is a possibility. I’m not naively optimistic, but at the same time, there is no reason why we should not [have] a good outcome.’

The E3 and the U.S. have made clear there are specific steps that Tehran needs to do in order to avoid snapback sanctions, including giving the IAEA full access to all Iranian nuclear sites, direct negotiations with Washington, and accounting for roughly 900 lbs of highly enriched uranium (HEU).

But Grossi also noted that it would be ‘almost impossible’ for Iran to get to a point of compliance with the JCPOA due to too many technical advances. 

Questions over the location of the HEU, which is estimated to be enough to make 10 nuclear warheads, mounted after the U.S. levied direct strikes at Iran’s nuclear program in June. Reports suggested that in the days leading up to the strikes, Iran may have moved and hidden some of its uranium based on satellite imagery that showed convoys leaving the Fordow and Isfahan nuclear sites.

But on Wednesday, Grossi countered these concerns and said the IAEA had no evidence that the uranium has been moved to a secret location. 

Though the stockpile of HEU is still not officially accounted for as the IAEA has not been granted access to Iran’s top nuclear sites – though Grossi said he anticipated that access to come shortly as inspectors on Wednesday visited the Bushehr nuclear power plant after being re-granted access in Iran. 

When asked by reporters whether Iran was taking immediate action to begin meeting the E3 demands and avoid sanctions, Grossi said, ‘point blank…no.’

‘Our work hasn’t started. We are not yet where I would like us to be – I will not hide this,’ he said. ‘But at the same time I am a diplomat, I am always working towards peace.’

Iran has threatened to retaliate if the sanctions are implemented, though how it will do so remains unclear.

Tehran in recent years has strengthened ties with powerful allies like Russia and China, who have rejected calls for snapback sanctions.

But even though Russia and China sit on the U.N. Security Council with veto powers, they will not be able to unilaterally stop the sanctions from going through.

In an unprecedented move in 2015, the sanctions mechanism was written in a way that reversed standard council procedure, which would traditionally require all five permanent members to approve of any action, meaning that just one veto could block the action.

In the case of snapback sanctions on Iran, every permanent member, which includes the U.S., France, U.K., China and Russia, must veto the push to reimpose sanctions.

This means that, despite opposition from Russia and China, they cannot block the sanctions, as they have increasingly done when it comes to other security council actions in recent years – leading to what some have argued is a paralyzed state in the U.N.’s highest body.

This post appeared first on FOX NEWS

Newly declassified documents have stated that former President Barack Obama was present for key meetings with his top intelligence and national security officials that led to critical steps in the opening of the Trump–Russia investigation.

Director of National Intelligence Tulsi Gabbard and CIA Director John Ratcliffe have declassified new documents related to the origins of the original Trump–Russia probe at the FBI — known inside the bureau as ‘Crossfire Hurricane.’

Trump has accused Obama of being the ‘ringleader’ of the Russiagate narrative — an allegation vehemently denied by the former president.

‘Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response,’ Obama spokesman Patrick Rodenbush said in a July statement. ‘But these claims are outrageous enough to merit one.’ 

‘These bizarre allegations are ridiculous and a weak attempt at distraction,’ Obama’s spokesman continued. ‘Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes.’ 

He added: ‘These findings were affirmed in a 2020 report by the bipartisan Senate Intelligence Committee, led by then-Chairman Marco Rubio.’

Here’s a look at the known key meetings the former president attended and was reportedly made aware of: 

Aug. 3, 2016

On Aug. 3, 2016, then-CIA Director John Brennan reportedly briefed then-President Obama on intelligence that then-Democratic nominee former Secretary of State Hillary Clinton allegedly was stirring up a plan to tie Trump to Russia.

Then-Vice President Joe Biden, then-FBI Director James Comey, then-Attorney General Loretta Lynch and then-Director of National Intelligence James Clapper also were reportedly present for the briefing.

Brennan’s notes from that briefing were declassified in 2020 by John Ratcliffe, who, at the time, was serving as director of National Intelligence. Ratcliffe is now the director of the CIA. 

Fox News Digital, at the time, exclusively reported on those notes.

‘We’re getting additional insight into Russian activities from (REDACTED),’ Brennan notes read. ‘CITE (summarizing) alleged approved by Hillary Clinton a proposal from one of her foreign policy advisers to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security service.’ 

The notes state ‘on 28 of July.’ In the margin, Brennan writes ‘POTUS,’ but that section of the notes is redacted.

‘Any evidence of collaboration between Trump campaign + Russia,’ the notes read.

The remainder of the notes are redacted, except in the margins, which reads:  ‘JC,’ ‘Denis,’ and ‘Susan.’

The notes don’t spell out the full names but ‘JC’ could be referring to then-FBI Director James Comey or former Director of National Intelligence James Clapper. ‘Susan’ could refer to National Security Adviser Susan Rice. And ‘Denis’ could possibly refer to then-Obama chief of staff Denis McDonough.

The meeting came just days after the FBI, July 31, 2016, opened a counterintelligence investigation into whether candidate Trump and members of his campaign were colluding or coordinating with Russia to influence the 2016 campaign. It was opened by then-Deputy Assistant Director for Counterintelligence Peter Strzok.

Days after that briefing, the CIA properly forwarded that information through a Counterintelligence Operational Lead (CIOL) to Comey and Strzok, with the subject line: ‘Crossfire Hurricane.’

Fox News Digital exclusively obtained and reported on the CIOL in October 2020, which stated: ‘The following information is provided for the exclusive use of your bureau for background investigative action or lead purposes as appropriate.’

‘Per FBI verbal request, CIA provides the below examples of information the CROSSFIRE HURRICANE fusion cell has gleaned to date,’ the memo continued. ‘An exchange (REDACTED) discussing US presidential candidate Hillary Clinton’s approval of a plan concerning US presidential candidate Donald Trump and Russian hackers hampering US elections as a means of distracting the public from her use of a private email server.’

But days before the Aug. 3, 2016, briefing, and before the July 31, 2016, opening of the Crossfire Hurricane probe, foreign sources allegedly connected to left-wing billionaire George Soros were emailing about the FBI opening a probe into the salacious Trump–Russia narrative. 

That information came from emails dated July 25, 2016, to July 27, 2016, contained in the newly declassified appendix of Special Counsel John Durham’s report.

The appendix reveals that the foreign sources were allegedly tied to George Soros’ Open Society Foundations.

The appendix said that Russian government actors in 2016 reportedly hacked emails from the Open Society Foundations, formerly known as the Soros Foundation.

‘Two of the apparently hacked emails appear to have originated from the Open Society Foundations,’ the appendix states, noting that the purported author of these emails was Leonard Benardo, who was the regional director for Eurasia at the Open Society Foundations.

‘During the first stage of the campaign, due to lack of direct evidence, it was decided to disseminate the necessary information through the FBI-affiliated…technical structures… in particular, the Crowdstrike and ThreatConnect companies, from where the information would then be disseminated through leading U.S. publications,’ Benardo reportedly wrote in an email, per the appendix. 

‘The media analysis on the DNC hacking appears solid …. Julie (Clinton Campaign Advisor) says it will be a long-term affair to demonize Putin and Trump. Now it is good for a post-convention bounce,’ Benardo allegedly wrote, per the appendix. ‘Later the FBI will put more oil into the fire.’

Another email reportedly from Benardo on July 27, 2016, states: ‘HRC (Hillary Rodham Clinton) approved Julie’s idea about Trump and Russian hackers hampering U.S. elections.’

‘This should distract people from her own missing email, especially if the affair goes to the Olympic level,’ Benardo reportedly continued, per the annex. ‘The point is making the Russian play a U.S. domestic issue. Say something like a critical infrastructure threat for the election to feel manic since both POTUS and VPOTUS have acknowledge the fact IC would speed up searching for evidence that is regrettably still unavailable.’ 

Crossfire Hurricane, the FBI’s Trump–Russia investigation, was opened just several days later, on July 31, 2016. And Brennan briefed Obama just days after that.

It is unclear if the Benardo emails were part of the Aug. 3, 2016, briefing.

Nov. 10, 2016

Then-President Obama invited then-President-elect Donald Trump to the White House just two days after the 2016 presidential election.

During that meeting, Obama warned Trump against hiring Michael Flynn to serve as his White House national security adviser. 

Flynn, a critic of the Obama administration, had been fired as head of military intelligence by Obama in 2014.

Trump tapped Flynn for the post anyway, but Flynn resigned less than a month into his tenure after reports that he had misled then-Vice President Mike Pence about his conversations with Russia’s ambassador to the United States, Sergey Kislyak.

Flynn ended up being a key figure in the early days of Russiagate.

As part of former Special Counsel Robert Mueller’s investigation, Flynn pleaded guilty to making false statements in his FBI interview regarding his talks with Kislyak. Flynn was charged with lying to federal investigators about whether he had talked to Kislyak about limiting the Russian government’s response to Obama’s sanctions for election meddling.

His plea deal involved his full cooperation with investigators in the special counsel’s office.

But FBI agents did not actually believe that Flynn intentionally lied about his talks with Kislyak.

In 2020, the Justice Department dropped its case against Flynn, shortly after internal memos were released that raised serious questions about the nature of the investigation that led to the guilty plea for lying to the FBI. 

Those documents showed how agents discussed their motivations for interviewing him in the Russia probe — questioning whether they wanted to ‘get him to lie’ so he’d be fired or prosecuted, or get him to admit wrongdoing. Flynn allies howled over the revelations, arguing that he was essentially set up in a perjury trap.

Declassified notes showed agents considered various options in the run-up to their fateful January 2017 interview with Flynn, including getting Flynn ‘to admit to breaking the Logan Act’ when he spoke to Kislyak during the presidential transition period.

‘What is our goal?’ one of the notes read. ‘Truth/Admission or to get him to lie, so we can prosecute him or get him fired?’

Another note read, ‘If we get him to admit to breaking the Logan Act, give facts to DOJ + have them decide.’ 

The memo appeared to weigh the pros and cons of pursuing those different paths, while cautioning: ‘If we’re seen as playing games, WH (White House) will be furious.’

Flynn’s communications with Kislyak in December 2016 had been picked up in wiretapped discussions, apparently unbeknownst to him. The FBI agents in January 2017 questioned him on the communications and later used his answers to form the basis for the false-statement charge and his guilty plea.

Flynn had moved to withdraw his guilty plea for lying to the FBI in the Russia probe, citing ‘bad faith’ by the government. That court filing came just days after the Justice Department reversed course to recommend up to six months of prison time in his case, alleging he was not fully cooperating or accepting responsibility for his actions.

The case had been plodding through the court system with no resolution ever since his original plea, even amid speculation about whether Trump himself could extend a pardon.

Trump, in May 2020, said Flynn was a target of the Obama administration and called the investigation into his former national security adviser treasonous.

‘They’re human scum,’ Trump said. ‘It’s treason.’

Dec. 9, 2016

Current Director of National Intelligence Gabbard recently declassified documents claiming that the Obama administration ‘manufactured and politicized intelligence’ to allegedly create the narrative that Russia was attempting to influence the 2016 presidential election, despite information from the intelligence community stating otherwise.

Documents revealed that in the months leading up to the November 2016 election, the intelligence community consistently assessed that Russia was ‘probably not trying…to influence the election by using cyber means.’

One instance was Dec. 7, 2016, weeks after the election. 

Then-Director of National Intelligence Clapper’s talking points stated: ‘Foreign adversaries did not use cyberattacks on election infrastructure to alter the U.S. presidential election outcome.’

Fox News Digital obtained a declassified copy of the Presidential Daily Brief, which was prepared by the Department of Homeland Security, with reporting from the CIA, Defense Intelligence Agency, FBI, National Security Agency, Department of Homeland Security, State Department and open sources, for Obama, dated Dec. 8, 2016.

‘We assess that Russian and criminal actors did not impact recent US election results by conducting malicious cyber activities against election infrastructure,’ the Presidential Daily Brief stated. ‘Russian Government-affiliated actors most likely compromised an Illinois voter registration database and unsuccessfully attempted the same in other states.’

But the brief stated that it was ‘highly unlikely’ the effort ‘would have resulted in altering any state’s official vote result.’

‘Criminal activity also failed to reach the scale and sophistication necessary to change election outcomes,’ it stated. 

The brief noted that the Office of the Director of National Intelligence assessed that any Russian activities ‘probably were intended to cause psychological effects, such as undermining the credibility of the election process and candidates.’ 

The brief stated that cyber criminals ‘tried to steal data and to interrupt election processes by targeting election infrastructure, but these actions did not achieve a notable disruptive effect.’

Fox News Digital obtained declassified, but redacted, communications from the FBI on the Presidential Daily Brief, stating that it ‘should not go forward until the FBI’ had shared its ‘concerns.’

Those communications revealed that the FBI allegedly drafted a ‘dissent’ to the original Presidential Daily Brief. 

The communications revealed that the brief was expected to be published Dec. 9, 2016, the following day, but later communications revealed that Office of the Director of National Intelligence, ‘based on some new guidance,’ decided to ‘push back publication’ of the Presidential Daily Brief. 

‘It will not run tomorrow and is not likely to run until next week,’ wrote the deputy director of the Presidential Daily Brief at Office of the Director of National Intelligence, whose name is redacted. 

The following day, Dec. 9, 2016, a meeting convened in the White House Situation Room, with the subject line starting: ‘Summary of Conclusions for PC Meeting on a Sensitive Topic (REDACTED.)’

The meeting included top officials in the National Security Council, Clapper, Brennan, Rice, then-Secretary of State John Kerry, Lynch, then-Deputy FBI Director Andrew McCabe, among others, to discuss Russia.

The declassified meeting record, obtained by Fox News Digital, revealed that principals ‘agreed to recommend sanctioning of certain members of the Russian military intelligence and foreign intelligence chains of command responsible for cyber operations as a response to cyber activity that attempted to influence or interfere with U.S. elections, if such activity meets the requirements’ from an executive order that demanded the blocking of property belonging to people engaged in cyber activities.

After the meeting, according to the Office of the Director of National Intelligence, Clapper’s executive assistant reportedly emailed intelligence community leaders tasking them to create a new intelligence community assessment ‘per the president’s request,’ that detailed the ‘tools Moscow used and actions it took to influence the 2016 election.’

‘ODNI will lead this effort with participation from CIA, FBI, NSA, and DHS,’ the record states.

Later, Obama officials allegedly ‘leaked false statements to media outlets’ claiming that ‘Russia has attempted through cyber means to interfere in, if not actively influence, the outcome of an election.’

By Jan. 6, 2017, a new Intelligence Community Assessment was released that, according to the Office of the Director of National Intelligence, ‘directly contradicted the IC assessments that were made throughout the previous six months.’ 

Jan. 5, 2017

Then-President Obama held an Oval Office meeting Jan. 5, 2017, with then-FBI Director James Comey, then-National Security Adviser Susan Rice, then-CIA Director John Brennan, then-Director of National Intelligence James Clapper and then-Vice President Joe Biden.

During that meeting, Comey reportedly suggested to Obama that the National Security Council might not want to pass ‘sensitive information related to Russia’ to then-incoming National Security Adviser Michael Flynn.

On Jan. 20, 2017, the day Trump was first inaugurated, Rice sent herself an email documenting the Jan. 5, 2017, Oval Office meeting. That email was declassified by former acting Director of National Intelligence Richard Grenell in 2020.

During that meeting, Comey provided guidance on how law enforcement needed to investigate Russian interference in the 2016 presidential race.

Comey reportedly told Obama he was proceeding with the Trump–Russia probe ‘by the book,’ and went on to discuss concerns about Flynn’s known conversation with Kilsyak.

Rice, in her email to self, wrote: ‘From a national security perspective, Comey said he does have some concerns that incoming NSA Flynn is speaking frequently with Russian Ambassador (Sergey) Kislyak. Comey said that could be an issue as it relates to sharing sensitive information. President Obama asked if Comey was saying that the NSC should not pass sensitive information related to Russia to Flynn.’

Rice then wrote, ‘Comey replied, ‘potentially.’ He added that he has no indication thus far that Flynn has passed classified information to Kislyak, but he noted that ‘the level of communication is unusual.’’

When the email was declassified in 2020, a representative for Rice told Fox News Digital that ‘no discussion of law enforcement matters or investigations took place, despite accusations to the contrary.’ 

The spokeswoman also insisted the Obama administration did not change the way it briefed Flynn, saying Rice briefed Flynn for more than 12 hours on four separate occasions during the transition.

‘Ambassador Rice did not alter the way she briefed Michael Flynn on Russia as a result of Director Comey’s response,’ Rice representative Erin Pelton said.

‘President Obama began the conversation by stressing his continued commitment to ensuring that every aspect of this issue is handled by the intelligence and law enforcement communities ‘by the book,” Rice emailed to herself. ‘The president stressed that he is not asking about, initiating or instructing anything from a law enforcement perspective. He reiterated that our law enforcement team needs to proceed as it normally would by the book.’

The email also appeared to reflect Obama’s guidance on sharing sensitive information with both the Russians and the incoming Trump administration.

Rice wrote that Obama said, ‘He wants to be sure that, as we engage with the incoming team, we are mindful to ascertain if there is any reason that we cannot share information fully as it relates to Russia.’

Rice wrote: ‘The president asked Comey to inform him if anything changes in the next few weeks that should affect how we share classified information with the incoming team. Comey said he would.’

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Foxit, a major PDF software company founded in China, removed any mention of its various U.S. government customers from its website after Fox News Digital began asking questions about its government ties and Chinese connections.

The company develops PDF software for reading, editing and signing documents, with customers ranging from businesses to U.S. agencies. Foxit was founded in 2001 in Fuzhou, China, by Eugene Xiong. Its parent company — Fujian Foxit Software Development Joint Stock Co., Ltd. — is traded on the Shanghai stock market and oversees a U.S. subsidiary based in Fremont, Calif.

Until Fox News Digital began pressing Foxit on its background, the company’s website touted clients across the federal government — from the Missile Defense Agency (MDA) and State Department to the Army, Navy, Air Force, Department of Homeland Security (DHS), Food and Drug Administration (FDA), U.S. courts and the Department of Transportation.

But following Fox News Digital’s request for comment, Foxit scrubbed any mention of U.S. government customers from its site. The company did not respond to questions.

Over the course of reporting, multiple agencies confirmed they had either removed Foxit products or no longer maintained active contracts with Foxit’s U.S. subsidiary. 

An MDA spokesperson said Foxit had been used on an isolated network ‘not connected to any operational missile defense system’ but is ‘no longer in any MDA system.’ The spokesperson did not say when Foxit had been removed from its systems but added that the team behind the initial decision to use the software is no longer with the agency, and that an updated review of all software is underway. 

A State Department source said small Foxit contracts had existed in the past but were terminated, though did not clarify when.

Before the website purge, Foxit even published ‘case studies’ on work with U.S. Citizenship and Immigration Services and the FDA. A DHS source, however, told Fox News Digital that Foxit is now ‘specifically identified and listed on our prohibited software list.’

The FDA handles trade secrets, sensitive clinical trial data and even biodefense-related health information. The agency did not return a request for comment on whether it is still using Foxit. 

The Department of Justice likewise confirmed Foxit was removed from its networks last year after a security review.

Other agencies, including the Office of the Secretary of Defense (OSD) and the National Institutes of Health, acknowledged receiving questions from Fox News Digital but did not confirm current usage.

Foxit is difficult to track in publicly available records: government purchases may be logged under distributors, integrators or resellers rather than the company itself.

Fox News Digital identified dozens of solicitation requests — documents federal agencies issue when seeking bids for goods and services — that specifically mentioned Foxit software, from the Army, Navy, NIH, NASA, the Defense Department and the General Services Administration. Which of those turned into finalized contracts is unclear.

One known Foxit contract with OSD expired in 2023.

On its U.S. website, Foxit emphasizes its California headquarters and ‘global’ reach, without mention of its Chinese listing. On its Chinese-language site, however, Foxit highlights clients such as the Chinese Ministry of Foreign Affairs, the State Intellectual Property Office, and the National Standards Committee. In 2023, it announced a partnership with China Media Group, which operates under the Chinese Communist Party’s Publicity Department.

Its Chinese website lists offices in Fuzhou, Beijing, Nanjing and Hefei. 

U.S. agencies typically contract through the California-based Foxit Software Inc., not the Chinese parent, allowing Foxit to present itself as a U.S.-based company. Still, Foxit’s parent company remains subject to Chinese law — including the 2017 National Intelligence Law, which compels companies to assist Chinese intelligence if requested. 

One analyst questioned whether the corporate separateness could fully insulate the U.S. subsidiary from the interests of the Chinese parent. 

‘It sounds especially similar to the TikTok argument. We’re doing everything here, all the data is located here, we have TikTok USA. We’re a Singaporean company, we have no relations with the Chinese mainland – outside of our corporate structure, which is almost wholly owned by a Chinese based company,’ said Joel Thayer, a Washington-based tech and telecommunications attorney.

‘Chinese companies are masters of concealing their intentions through corporate filings and corporate infrastructure,’ he said.

Foxit counts Idax.ai as its subsidiary, a company specifically tailored to redact sensitive documents. ‘The company’s AI-powered solutions are aimed at professionals across various industries, including healthcare, finance, real estate, law, and government,’ according to a branded content release in NY Weekly.

Fox News Digital could not determine whether Idax has been used by government agencies.

Foxit claims to have 750 million users and over 425,000 clients around the world, with business centers not just in the U.S. and China but Japan, Europe and Australia, with plans to expand into Russia, Brazil and India. 

 Critics warn that even seemingly routine data could be of intelligence value.

‘Even if Foxit isn’t being used for secret documents, the information the company could potentially glean would be invaluable to the CCP,’ said Thayer. 

‘You are basically banking on it that the platform isn’t behind the veil, collecting an immense amount of data about what contracts and services are being provided to our government,’ he said.

Foxit originally positioned itself as a cheaper alternative to Adobe Acrobat. But China tech watchers warn the discount may come with hidden risks.

‘That’s invaluable information for any of our adversaries – how much money a contract is worth, what services are being rendered, what technologies are they looking at, what are they hiring people to do, what the government is looking into… competitors would kill for that information,’ Thayer said. 

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The nominee President Donald Trump tapped to serve as ambassador to a United Nations office charged with overseeing global aviation standards has a checkered tax history and background donating to Democrats and political opponents of the president, a Fox News Digital review of the nominee’s public records found. 

The White House and Trump allies, however, have doubled down in support of the nominee, saying he will assist the administration in ‘ushering in the Golden Age of aviation.’ 

Jeffrey Anderson was tapped to lead the International Civil Aviation Organization in July, when the White House published a list of nominations to fill various roles, from the International Civil Aviation Organization ambassadorship to director of the Mint to membership with the National Labor Relations Board. Anderson is a U.S. Navy veteran who worked as a commercial airline captain for more than 34 years, retiring from that role earlier in 2025, according to his LinkedIn. 

The International Civil Aviation Organization is a U.N. office based in Montreal that is charged with overseeing international aviation standards, including issues related to safety, navigation and environmental protection. The role had sat vacant for the past three years, when the former ambassador, pilot Chesley ‘Sully’ Sullenberger, stepped down in 2022. 

Sullenberger gained widespread applause in 2009, when the US Airways pilot landed Flight 1549 on the Hudson River after a bird strike disabled both engines — an event known as the ‘Miracle on the Hudson.’

Anderson is a former Delta Air Lines pilot whose nomination drew ire from the Air Line Pilots Association, a union that represents nearly 80,000 pilots across the U.S. and Canada, arguing his ‘only’ qualification was supporting an effort to raise the mandatory pilot retirement age. 

The union opposes increasing the mandatory retirement from 65 years of age to 67, arguing it ‘would leave the United States as an outlier in the global aviation space and create chaos on pilot labor, and international and domestic flight operations,’ the group’s statement in July read.

Fox News Digital took a look back at Anderson’s political campaign contributions and found he donated to a handful of Democratic candidates often hostile to Trump and his policies. 

He also made a handful of small dollar donations to Republican Nikki Haley during the 2024 campaign cycle, when the former U.S. ambassador to the U.N. ran against Trump, whom she slammed as ‘unhinged’ while on the campaign trail before dropping out of the race and endorsing Trump as the GOP nominee for president. 

Anderson contributed at least $200 to Haley during the month of February 2024, when Haley and Trump were the only GOP candidates left in the primary race, according to four small dollar donations recorded by the Federal Election Commission. 

The former pilot also donated to Shawn Harris, the former Democratic opponent who tried to unseat Republican Georgia Rep. Marjorie Taylor Greene in the 2024 cycle. The $100 donation was made in September 2024 through ActBlue, the Democratic Party’s massive fundraising arm, and earmarked for the Democratic candidate who ultimately failed to oust Greene. 

Harris’ campaign included slamming Trump and characterizing him as a politician who acts as a ‘king’ and threatens democracy. 

Anderson’s political donations to Democrats stretch back years, including in 2017 when he donated to Democrats, such as former House candidate Dan Ward in Virginia and former Rep. Peter DeFazio of Oregon — both of whom received $250 contributions from Anderson that year, according to election records. 

Both Democrats had slammed Trump and his policies across his first administration, including DeFazio declaring after the Jan. 6, 2021, breach of the Capitol that: ‘Donald Trump is a threat to our democracy, national security and the safety of all Americans. He must be removed from office immediately.’ 

The former Delta pilot has also landed in hot water over unpaid taxes, Fox News Digital found. IRS records show Anderson and his wife had over $426,000 in unpaid federal taxes across seven years from 2013 to 2019, raising concerns that his financial responsibility. The taxes were related to a ‘small business,’ according to the forms. 

‘Jeffrey Anderson isn’t a Trump Republican at all; he’s a liberal sleeper who slipped through the cracks of PPO (Presidential Personnel Office),’ a former Trump official told Fox Digital of Anderson’s political donations and tax history. 

When approached for comment on the previous donations and tax issues, Anderson told Fox News Digital that at ‘the very least, some of your information is factually incorrect or tendered well out of context.’ Anderson did not respond when asked for additional details on what was ‘factually incorrect.’

‘At the very least, some of your information is factually incorrect or tendered well out of context. I am fully supportive of President Trump and his America First agenda. I have been fully vetted by the White House and appreciate the approval of the President, House Aviation Chair Troy Nehls and House T&I Chair Sam Graves, among others. I look forward to advancing American interests as the next Permanent Representative to ICAO,’ he wrote in a direct message on LinkedIn to Fox Digital in August, while adding that Trump is seeking to ‘move effectively forward in a space negligently left vacant by Biden.’

When asked about Anderson’s tax history and donations to Democrats and Trump opponents, a White House official told Fox Digital: ‘Jeffrey Alderson is highly qualified to serve as America’s ambassador to the ICAO, and he is a great choice to represent the President’s America First foreign policy agenda in the international aviation community.’

Fox News Digital additionally reached out to the State Department, which helps manage the vetting of potential ambassador nominees, for comment and was directed the White House’s statement. 

The former pilot himself also floated a run for political office more than a decade ago in Georgia as a Democrat, according to a local Georgia news report that called him ‘prospective Democratic Congressional candidate Jeff Anderson.’ In an opinion piece published that same year, titled ‘The sinking Democratic Party in Georgia is bad news for everyone,’ Anderson was described as a ‘a 2010 Independent candidate for the U.S. House in Georgia’s 11th District.’ 

While old social media posts on X show Anderson celebrated former President Biden’s 2012 DNC speech at the time as ‘wonderful American message: major concepts, not petty; Democratic, but not commercially political.’ While other tweets targeted the NRA and celebrated how Anderson ‘politely but firmly faced’ NRA representatives and gun manufacturers on ‘sensible policy ideals’ back in 2023, according to a review of the X account @JeffAndersonPAI that ceased activity back in 2014.  

In addition to the White House defending Anderson’s nomination, Texas Republican Rep. Troy Nehls, who serves as chairman of the House Transportation and Infrastructure Subcommittee on Aviation, told Fox Digital that Anderson will help usher in ‘the Golden Age of aviation’ under the Trump administration. 

‘As Chairman of the House Aviation Subcommittee, I have complete confidence in Jeffrey Anderson to serve as ambassador to the International Civil Aviation Organization (ICAO),’ Nehls said in comment to Fox Digital in August. ‘Mr. Anderson served as a naval aviator and has more than three decades of experience as a pilot for Delta. He is, without a doubt, qualified to represent the United States of America at ICAO, where his first-hand experience with the aviation industry will play a crucial role in advancing President Trump’s mission of ushering in the Golden Age of aviation.’

A board member of a pilots group called Experienced Pilots Advancing Aviation Safety, added that he fully backs Anderson’s nomination, citing his honesty and credentials as an airline captain. The Experienced Pilots Advancing Aviation Safety, which endorsed Anderson’s nomination, also advocates raising the mandatory retirement age for airline pilots, arguing experienced pilots lead to safer skies and can mentor the next generation instead of ‘forced retirements of America’s most experienced aviators,’ according to its website. 

‘I feel 100% confident in Captain Anderson’s honesty and professional credentials. Having flown aircraft around the world in international operations for the past 40 years in the Marine Corps and Delta Airlines, and my working with and in association with ICAO and IATA, I feel Jeff would be a perfect fit for this position as it seems the president of the United States does also,’ the board member told Fox Digital in emailed comment earlier in August. 

International aviation rules currently prohibit airline pilots older than 65 from flying. Global airline groups such as the International Air Transport Association has called on the ICAO to consider raising the international pilot retirement age to 67. The UN General Assembly will convene on Sept. 23, with the ICAO expected to consider the proposal, Reuters reported on Thursday. 

Anderson’s nomination was sent to the Senate in July, and was then referred to the Committee on Foreign Relations. The nomination is currently awaiting final confirmation proceedings. 

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