U.S. forces are racing to rescue a missing pilot after Iranian fire brought down two American warplanes. Iranian media report strikes on a petrochemical zone. Ukraine strikes deals to export its drone expertise to Gulf nations. U.S. President Donald Trump has proposed surge in defense spending to $1.5 trillion. Netflix looks to build up its franchises post Warner Brothers deal. Plus, a statue-worthy rat in Cambodia. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Further Reading Trump fires Pam Bondi as US attorney general US Army chief of staff fired by Hegseth, sources say Trump vows to hit more Iranian infrastructure as nations seek to open Hormuz A month into war, Lebanon's prime minister says no end in sight Blue Owl limits withdrawals from two funds after historic surge in redemption requests Artemis capsule boost puts astronauts moon-bound for record-breaking journey Learn more about your ad choices. Visit megaphone.fm/adchoices
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