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President Donald Trump is open to the idea of supporting militia groups in Iran willing to help take out the regime, according to reports. 

The Wall Street Journal reported that Trump has spoken with Kurdish leaders, who have a sizable force along the Iraq-Iran border.

‘President Trump has spoken with many regional partners,’ White House press secretary Karoline Leavitt told the newspaper in a statement, without confirming Trump’s aims.

Trump spoke with two leaders of the main Kurdish factions in Iraq — Masoud Barzani and Bafel Talabani — a day after the Saturday bombing campaign began, Axios first reported. 

Officials told the Journal that Trump hasn’t made a decision on the matter, including what type of help the United States would provide, be it arms, intelligence or other resources. 

Fox News Digital has reached out to the White House. 

Among the approaches being looked at for Iran moving forward are backing militias while weighing different scenarios for who could realistically take power after the country’s leaders fall, the newspaper reported. 

Trump has urged the people of Iran to overthrow the country’s regime as Tehran appears to be weakened following U.S. and Israeli military strikes that have killed several key Iranian leaders and officials.  

‘Most of the people we had in mind are dead,’ he told reporters at the White House. ‘And now we have another group, they may be dead also. Pretty soon we’re not going to know anybody.’

The strikes have fueled speculation that the Kurds could advance into Iran amid Israeli strikes in the western part of the country. 

‘It is the general view, and certainly (Israeli Prime Minister Benjamin) Netanyahu’s view, that the Kurds are going to come out of the woodwork … that they’re going to rise up,’ one official told Axios. 

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President Donald Trump argued that whether he carried out strikes against Iran wouldn’t have mattered to congressional Democrats. 

They would have criticized him either way.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus immediately ramped up criticism of Trump’s Operation Epic Fury when the Senate returned Monday, and the administration has not yet signaled a clear exit strategy.

Speaking from the Oval Office Tuesday, Trump said Democrats would have criticized any decision he made.

‘If I didn’t do this, guys like Schumer who — losers, the Democrats, losers — guys like Schumer would say, ‘Well, you should have done this,’’ Trump said. ‘In other words, if I did it, it’s no good. If I didn’t do it, they would have said the opposite, that you should have done this.’

Democrats are furious that Trump did not seek approval from Congress to carry out the strikes and are pushing a war powers resolution vote this week to handcuff further use of the military in Iran.

‘Donald Trump has just launched America into a full-scale conflict against one of our most fervent adversaries,’ Schumer said on the Senate floor. ‘Without a plan, without an endgame and without authorization from Congress — or even a debate in full view of the American people.’

The administration argued after a closed-door classified briefing with congressional leaders and high-ranking lawmakers that the strikes were carried out as a preemptive measure.

Secretary of State Marco Rubio told reporters after the briefing, ‘We knew that there was going to be an Israeli action.

‘We knew that that would precipitate an attack against American forces,’ Rubio said. ‘And we knew that if we didn’t preemptively go after them before they launched those attacks, we would suffer higher casualties.’

But Democrats largely aren’t buying the administration’s argument. Sen. Mark Warner, D-Va., the top-ranking Democrat on the Senate Intelligence Committee, contended there wasn’t an imminent threat to the U.S. from Iran.

‘It was a threat to Israel,’ Warner said.

Senate Democrats plan to plow ahead with a war powers vote, likely Wednesday, led by Sen. Tim Kaine, D-Va., and backed by Schumer. Whether they can splinter off enough Republican support, as Kaine did earlier this year with his Venezuela war powers resolution, remains to be seen.

Trump argued that because Iran was ‘a purveyor of terror all over the world,’ Operation Epic Fury was inevitable.

‘It’s something that had to be done,’ Trump said.

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Trump admin warned lawmakers Israel was ‘determined to act with or without us’ before massive Iran strikes
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President Donald Trump on Tuesday insisted Israel did not pressure him to conduct joint military strikes on Iran, claiming that he believed Iran’s Supreme Leader Ayatollah Ali Khamenei ‘was going to attack first.’

Days after the regime leaders were killed and war erupted in Iran, Trump addressed the decision to conduct a joint U.S.-Israel attack on the country, explaining he ‘might have forced Israel’s hand.’

‘I might have forced their hand,’ Trump said from the White House Oval Office on Tuesday. ‘You see, we were having negotiations with these lunatics, and it was my opinion that they were going to attack first. … If we didn’t do it, they were going to attack first. I felt strongly about that. … So, if anything, I might have forced Israel’s hand.’

Although sources previously told Fox News the timeline of the attack was moved up to seize an opportunity to strike regime leaders in downtown Tehran, Trump said both the U.S. and Israel were ready.

‘We’ve had a very, very powerful impact because virtually everything they have has been knocked out,’ the president said. ‘Now, their missile count is going way down. Amazingly, they’re hitting countries that were, let’s call them neutral … I think they were surprised. I was surprised, I think. Now those countries are all fighting against them and fighting strongly against them.’

Trump’s comments came after Democrats criticized his decision to launch strikes with Israel in Iran without congressional approval.

Administration officials said they provided congressional notification to the ‘Gang of Eight,’ a bipartisan group of top congressional intelligence leaders, ahead of the strikes, but Congress did not hold a vote to approve them.

The Trump administration has argued the U.S. was facing an ‘imminent threat,’ prompting military action.

Secretary of State Marco Rubio said the U.S. was not going to ‘sit there and absorb a blow’ from Iran, while War Secretary Pete Hegseth said the operation was not a ‘so-called regime change war’ or an open-ended conflict like that in Iraq.

Trump said he believes regardless of whether the U.S. took part in the strikes on Iran, Democrats would have been unhappy with his decision.

‘If I didn’t do this, guys like [Senate Minority Leader Chuck] Schumer who — losers, the Democrats [are] losers — … would say, ‘well, you should have done this.’ In other words, if I did it, it’s no good. If I didn’t do it, they would have said the opposite, ‘that you should have done this.’’

He added he has ‘never had more compliments’ on presidential action he has taken, noting ‘people felt that something had to be done.’

‘We [might] have a little high oil prices for a little while, but as soon as this ends, those prices are going to drop, I believe lower than even before,’ Trump said.

Fox News Digital’s Emma Colton contributed to this report.

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Senior Iranian clerics would have been left ‘exposed’ after an Israeli airstrike hit a meeting place where they were supposed to be convening Tuesday — days after a strike leveled the Tehran compound of Supreme Leader Ayatollah Ali Khamenei, a defense analyst has claimed.

The clerics, members of the Assembly of Experts, had reportedly planned to meet at the location in Qom to deliberate succession plans for Khamenei, who was killed in the strikes, according to The Times of Israel.

‘This second strike would be another embarrassment to what has been left of the regime,’ Kobi Michael, a senior researcher at the Institute for National Security Studies and the Misgav Institute, told Fox News Digital.

‘It indicates intelligence dominance and superiority because any movement is detected, meaning they would feel exposed,’ Michael added.

‘As of now, the leadership would feel insecure and hunted, with all of their plans collapsing one after another.’

‘They would feel totally isolated and understand that the biggest risk might come from home — from a potential uprising next,’ he added.

Israel Defense Forces spokesman Brig. Gen. Effie Defrin confirmed that the Israeli Air Force struck the building where senior clerics had planned to assemble, The Times of Israel reported.

It remains unclear how many of the 88 members were present at the time of the strike, according to an Israeli defense source cited by the outlet. The second strike on Iran’s leadership comes amid a broader military campaign.

As previously reported by Fox News Digital, U.S. forces have struck more than 1,700 targets across Iran in the first 72 hours of Operation Epic Fury, according to a U.S. Central Command fact sheet.

The campaign is aimed at dismantling Iran’s security apparatus and neutralizing what officials describe as imminent threats.

According to U.S. Central Command, targets have included command-and-control centers, the Islamic Revolutionary Guard Corps Joint Headquarters, the IRGC Aerospace Forces headquarters, integrated air defense systems and ballistic missile sites.

‘We need strategic patience and determination, and in several weeks most of the job will be accomplished,’ Michael added. ‘Even if the regime does not collapse, Iran will not be like we used to know.

‘I assume that the U.S. and Israel will establish a very robust monitoring mechanism that will enable them to react whenever the regime tries to reconstitute its military capacities again.’

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Iran is waging a mass drone campaign across the Middle East, unleashing waves of low-cost, one-way attack drones also known as unmanned aerial vehicles (UAVs), against Western-linked targets to impose ‘exponential cost on the U.S.,’ a defense expert has warned.

As Tehran reportedly launched thousands of Shahed drones across the region and Iranian state media shared footage of underground stockpiles, Cameron Chell, CEO of drone maker and tech company Draganfly, said Iran’s strategy is designed to force high-end defenses to counter cheap aerial threats.

‘Even a hundred of these drones in the hands of a decentralized unit can cause terror in a neighboring state like never before imagined,’ Chell told Fox News Digital. ‘The Iranians cannot win the war with these drones, but like the [communist] Viet Cong [during the Vietnam War], they have an asymmetric capability that can prolong this war and create political pressure.’

‘Iran can drive terror in unimaginable ways and drive exponential costs on the U.S. side, having to target these small, very hard-to-detect drone units,’ he added.

Chell’s warning comes as tensions spiraled following Saturday’s joint U.S.-Israel strikes on Iran targeting nuclear sites, missile facilities and leadership that killed Supreme Leader Ayatollah Ali Khamenei and several commanders.

The Iranian drones have proved deadly, having killed six U.S. service members in an attack on a tactical center in Kuwait earlier this week.

A CIA station in the U.S. Embassy in the Saudi capital of Riyadh was struck in an Iranian drone attack Tuesday, causing a limited fire but no reported injuries.

In Bahrain, drones reportedly identified as Iranian Shahed models smashed into the upper floors of the Era View Tower in Manama, about one mile from a U.S. Navy base.

An Iranian drone also struck a parking lot outside the U.S. Consulate in Dubai, while the United Arab Emirates said it intercepted Iranian missiles and drone attacks targeting the country.

‘Based on the engine sound, the apparent attack angle and the implied speed, to the best of my knowledge, this was a Shahed-class one-way attack drone,’ Chell said of the Dubai consulate attack video before suggesting the drone footage showed ‘a Shahed 191.’

Fars News Agency also released footage purporting to show scores of attack drones stockpiled in vast underground tunnels in Iran.

The video appeared to show rows of triangular-shaped drones on rocket launchers, missiles lined up, four to a launcher vehicle and walls adorned with Iranian flags and photographs of Khamenei. Outlets noted that the video’s timing and location remain unverified.

‘It is hard to confirm that Iran has the capability now to produce these drones in these volumes during wartime,’ Chell said of the stockpiling footage.

‘To the extent they were producing these in those numbers, a more-than-significant portion would have been for delivery to Russia — which does not seem impossible. That said, the drones in the underground propaganda video are Shahed 191 drones.’

A new report from the Carnegie Endowment for International Peace also underscored Chell’s comments on expense and range.

‘Right now, Iran is using a mixture of ballistic missiles and attack drones,’ said senior fellow Dara Massicot. ‘The methods are effective, but targeting drones in this way is resource-intensive and expensive, and it will drain certain types of interceptors quickly.’

‘Ground-based air defense interceptor missiles are not infinite, and the United States and its partners and allies have had stockpile challenges in this area for years,’ she added.

Another senior fellow, Steve Feldstein, added, ‘An important point is that the world is entering a new age of drone war as unmanned aircraft are proliferating on the battlefield in major conflicts and smaller ones.’

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– James Talarico, a Democratic state lawmaker from Texas with a surging national profile, defeated Rep. Jasmine Crockett, a nationally known politician, progressive firebrand, and vocal critic and foil of President Donald Trump, to win the Democratic Senate primary in Texas, according to the Associated Press.

Talarico, 36, will now try to become the first Democrat in nearly four decades to win a Senate election in Texas, as he faces off against the winner of a bruising Republican primary runoff between longtime incumbent Sen. John Cornyn and Texas Attorney General Ken Paxton.

This year’s Senate showdown in Texas is one of a handful across the country that could determine if Republicans hold their majority in the chamber in the midterm elections. The GOP currently controls the chamber 53-47.

In the final weeks leading up to Tuesday’s Democratic primary, race became a key factor in the showdown between Talarico, a former middle school teacher and Presbyterian seminarian who is considered a rising star among Democrats, and Crockett, a civil rights attorney first elected to Congress in 2022.

Talarico, who is White, was accused a month ago by an influencer of calling former Rep. Colin Allred, a former rival for the 2026 Senate nomination, a ‘mediocre Black man.’ 

Allred, the 2024 Democratic Senate nominee, was making a second straight run after losing two years ago to Republican Sen. Ted Cruz by eight points.

He ended his Senate campaign late last year, just before Crockett announced her candidacy. Allred, a former college football star who played professionally in the NFL and later became a civil rights attorney, is now running for his old House seat.

Morgan Thompson, the influencer who goes by the username @morga_tt on TikTok, in a social media post claimed Talarico told her in a private conversation that he had ‘signed up to run against a mediocre Black man, not a formidable, intelligent, Black woman.’

Pushing back against Thompson’s characterization of their conversation, Talarico said in a statement, ‘In my praise of Congresswoman Crockett, I described Congressman Allred’s method of campaigning as mediocre — but his life and service are not. I would never attack him on the basis of race.’

Allred, responding in a social media video on Monday, said: ‘James, if you want to compliment Black women, just do it. Just do it. Don’t do it while also tearing down a Black man.’

The 44-year-old Crockett, who is Black, said in a statement that Allred ‘drew a line in the sand.’

‘He made it clear that he did not take allegations of an attack on him as simply another day in the neighborhood, but more importantly, his post wasn’t about himself,’ Crockett, who was endorsed by Allred, said. ‘It was a moment that he decided to stand for all people who have been targeted and talked about in a demeaning way as our country continues to be divided.’

A couple of weeks later, Crockett claimed that a Talarico-aligned super PAC had darkened her skin tone in an ad and said it was ‘straight up racist.’

She also argued late last month that talk that she wasn’t electable statewide was a ‘dog whistle’ that was ‘tearing down a Black woman,’ and that she was the ‘most qualified’ candidate.

Talarico, who was first elected to the Texas House in 2018 by flipping a red district in northeast Austin and surrounding suburbs, highlighted his ability to win over Republican voters. And he questioned whether Crockett could run a competitive general election campaign.

While dramatically outraising and outspending Crockett the past two months, Talarico cast himself as the underdog in the primary battle against the better-known congresswoman.

Talarico, who speaks openly about his faith and how it shapes his progressive policy agenda, last year started garnering national attention through a slew of social media appearances that went viral. Also boosting his profile were his TikTok videos, which have grabbed millions of views, and his appearance last July on Joe Rogan’s top-rated podcast.

Rogan suggested during the interview that Talarico should run for president.

A month later, Talarico was a regular on the cable news networks, conducting dozens of national media interviews, as he and dozens of his fellow Democrats in the Texas House fled the state for weeks, to delay the eventual Trump-led redistricting push in Texas to create up to five more right-leaning congressional seats

Talarico launched his Senate campaign a month later, in September.

Last month, Talarcio grabbed even more national attention when his appearance on ‘The Late Show with Stephen Colbert’ was bumped off broadcast TV and instead appeared on YouTube. Colbert accused his network, CBS, of blocking the interview by citing guidelines from the Federal Communications Commission (FCC).

The controversy appeared to boost Talarico, with his campaign saying they hauled in $2.5 million in fundraising in the 24 hours ‘following his censored’ interview.

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Steve Barton, host of In It To Win It, shares key price levels for silver and gold.

He also explains his current approach to the oil and copper markets, and outlines an emerging opportunity in nickel as Indonesia loosens its hold on the space.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Studio Display XDR is the world’s best pro display, featuring a 27-inch 5K Retina XDR display with a mini-LED backlight, 2000 nits of peak HDR brightness, and a 120Hz refresh rate

Apple® today announced a new family of displays engineered to pair beautifully with Mac® and meet the needs of everyone, from everyday users to the world’s top pros. The new Studio Display ® features a 12MP Center Stage® camera, now with improved image quality and support for Desk View; a studio-quality three-microphone array; and an immersive six-speaker sound system with Spatial Audio. It also now includes powerful Thunderbolt 5 connectivity, providing more downstream connectivity for high-speed accessories or daisy-chaining displays. The all-new Studio Display XDR takes the pro display experience to the next level. Its 27-inch 5K Retina® XDR display features an advanced mini-LED backlight with over 2,000 local dimming zones, up to 1000 nits of SDR brightness, and 2000 nits of peak HDR brightness, in addition to a wider color gamut, so content jumps off the screen with breathtaking contrast, vibrancy, and accuracy. With its 120Hz refresh rate, Studio Display XDR is even more responsive to content in motion, and Adaptive Sync dynamically adjusts frame rates for content like video playback or graphically intense games. Studio Display XDR offers the same advanced camera and audio system as Studio Display, as well as Thunderbolt 5 connectivity to simplify pro workflow setups. The new Studio Display with a tilt-adjustable stand starts at $1,599, and Studio Display XDR with a tilt- and height-adjustable stand starts at $3,299. Both are available in standard or nano-texture glass options, and can be pre-ordered starting tomorrow, March 4, with availability beginning Wednesday, March 11.

‘Apple has led the industry in delivering the world’s most advanced displays for pros to do their life’s best work, and today we do that once again with the introduction of the new Studio Display family,’ said John Ternus, Apple’s senior vice president of Hardware Engineering. ‘Studio Display gets even better with a new 12MP Center Stage camera and powerful Thunderbolt 5 connectivity. And the Studio Display XDR is a huge leap forward for XDR technology, with a mini-LED backlight, 2000 nits of peak HDR brightness, advanced color accuracy, and a 120Hz refresh rate, transforming workflows like filmmaking, design and print, and 3D animation. It’s by far the world’s best pro display.’

Studio Display — the Perfect Companion to Mac

The new Studio Display pairs excellent visual quality with compelling features that deliver a great experience when connected to a Mac across a range of professional workflows — from photo and video editing to coding, music production, and everyday tasks. The stunning 27-inch 5K Retina display boasts over 14 million pixels, 600 nits of brightness, and P3 wide color for rich, true-to-life imagery. Studio Display includes a 12MP Center Stage camera, now with Desk View; a studio-quality three-microphone array; and an incredible six-speaker sound system with four force-cancelling woofers that deliver 30 percent deeper bass than the previous generation, plus two high-performance tweeters for immersive audio. Studio Display also brings Thunderbolt 5 connectivity with two ports, so users can daisy-chain up to four Studio Display models for a combined nearly 60 million pixels, or connect high-speed accessories. 1 In addition, two USB-C ports can be used for peripherals and charging. With the included Thunderbolt 5 Pro cable, users get a convenient all-in-one connection that offers up to 96W of charging power — enough to fast-charge a 14-inch MacBook Pro®. 2 Studio Display is available with standard glass or optional nano-texture glass for challenging lighting conditions. It comes with a tilt-adjustable stand, or can be configured with a tilt- and height-adjustable stand or a VESA mount adapter for custom desk setups.

Studio Display XDR — the World’s Best Pro Display

The all-new Studio Display XDR delivers the most advanced display technology and a robust set of features for pro users who need the ultimate front-of-screen performance. With 2000 nits of peak HDR brightness, a 1,000,000:1 contrast ratio, P3 and Adobe RGB wide color gamuts, a 120Hz refresh rate, Adaptive Sync, new DICOM medical imaging presets, a powerful combination of camera and audio, and Thunderbolt 5 connectivity, Studio Display XDR is designed for workflows like HDR video editing, 3D rendering, and diagnostic radiology. 2

Advanced XDR Display Technology

Studio Display XDR features a stunning 27-inch 5K Retina XDR display with 5120-by-2880 resolution, offering exceptional detail and clarity. The mini-LED backlight utilizes 2,304 local dimming zones that enable extreme contrast. Studio Display XDR also delivers up to an outstanding 1000 nits of SDR brightness, 2000 nits of peak HDR brightness, and a 1,000,000:1 contrast ratio. This wide dynamic range — from the brightest brights to the deepest blacks — makes HDR content pop off the screen while virtually eliminating distracting halo and blooming effects.

Enhanced Color Accuracy

Ideal for print and design professionals, Studio Display XDR adds Adobe RGB color gamut support, in addition to P3 wide color, making it an even better reference display. This results in more than 80 percent Rec. 2020 coverage for HDR video editing and color grading. Both P3 and Adobe RGB are accessible from the same default preset, streamlining pro workflows that frequently switch between color spaces.

Smooth 120Hz Refresh Rate and Adaptive Sync

Studio Display XDR features a 120Hz refresh rate, enabling smooth, ultra-responsive motion. Adaptive Sync supports a continuously variable refresh rate between 47Hz to 120Hz, making gaming more fluid with faster frame delivery and lower display latency.

Innovative DICOM Medical Imaging

Today, Apple introduces new DICOM medical imaging presets and the Medical Imaging Calibrator to enable use in diagnostic radiology, allowing radiologists to view diagnostic images directly on Studio Display XDR. 2 Many medical professionals already use Mac for their office or home setups, and Studio Display XDR offers a versatile alternative to single-purpose medical imaging displays, with seamless display mode switching. The Medical Imaging Calibrator on macOS® is pending FDA clearance and is expected to be available soon in the U.S. For decades, healthcare professionals and developers have taken advantage of Apple’s innovative products and frameworks to help achieve better patient outcomes, broaden research opportunities, and improve efficiency across healthcare systems. Apple continues to innovate and collaborate with the healthcare community on solutions to ultimately improve care for their patients.

Powerful Combination of Camera, Audio, and Thunderbolt 5 Connectivity

Studio Display XDR features a 12MP Center Stage camera that keeps users centered in the frame as they move. Video calls become more engaging with Desk View, which simultaneously displays the user and a top-down view of their desk — great for demonstrating a creative project. It also includes a studio-quality three-microphone array with directional beamforming and an immersive six-speaker sound system with support for Spatial Audio.

Studio Display XDR also features Thunderbolt 5 connectivity, with a second port for connecting downstream high-speed accessories or daisy-chaining other displays. And with two additional USB-C ports for even more connectivity, it can act as a Thunderbolt hub, keeping a workspace free of clutter while offering up to 140W of charging power through the included Thunderbolt 5 Pro cable — enough to fast-charge a 16-inch MacBook Pro. 3

Versatile Stand and Accessories

Studio Display XDR includes a tilt- and height-adjustable stand to meet the needs of a variety of workspaces. With a height range of 105mm, the stand features a sophisticated counterbalancing arm that makes the display feel weightless, and as users adjust it, the display stays precisely in place. An optional VESA mount adapter is available for those who prefer to use VESA-compatible stands, mounts, and arms for a customized desk setup.

Studio Display Family and the Environment

Studio Display and Studio Display XDR were built with the environment in mind, and bring Apple even closer to reaching its ambitious plan to be carbon neutral across its entire footprint by 2030. Both are made with recycled content, including 100 percent recycled aluminum in the stand and 80 percent recycled glass in the standard glass option. Studio Display and Studio Display XDR are designed to be durable, repairable, and also offer industry-leading software support, while meeting Apple’s high standards for energy efficiency and safe chemistry. The paper packaging is 100 percent fiber-based and was designed to collapse so it can be easily recycled. 4

Pricing and Availability

  • Studio Display starts at $1,599 (U.S.) and $1,499 (U.S.) for education. Studio Display XDR replaces Pro Display XDR and starts at $3,299 (U.S.) and $3,199 (U.S.) for education.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

Footnotes

1 Users can daisy-chain up to four Studio Display models with a MacBook Pro with M5 Max.

2 The Medical Imaging Calibrator is pending FDA review and is expected to be available soon. The medical imaging presets should not be used for diagnostic purposes unless the display has been calibrated using the Medical Imaging Calibrator on macOS and paired with a compatible DICOM viewer. The presets are available on Studio Display XDR and are intended for use by medical professionals. Not intended for use in mammography.

3 Charge time varies with settings and environmental factors; actual results will vary.

4 Breakdown of U.S. retail packaging by weight. Adhesives, inks, and coatings are excluded from calculations.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple’s Media Helpline at media.help@apple.com .

© 2026 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Studio Display, Studio Display XDR, Retina, Center Stage, MacBook Pro, macOS, Apple Store, Magic Keyboard, Touch ID, Magic Trackpad, Magic Mouse, AppleCare, AppleCare+, AppleCare One, Apple Card, and Daily Cash are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303051854/en/

Lizette Viviana Du Pond
Apple
ldupond@apple.com

Starlayne Meza
Apple
starlayne_meza@apple.com

News Provided by Business Wire via QuoteMedia

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Prices for gold and silver spiked higher over the weekend and in early morning trading on Monday (March 2) as a full-blown war broke out in the Middle East.

Tensions between Iran on one side and the US and Israel on the other have been intensifying over the past few weeks.

On Sunday (February 28), the US and Israel launched Operation Epic Fury, a massive military campaign targeting multiple locations across Iran. The Trump administration has said the aim of the operation is eliminating Iran’s nuclear and missile capabilities, while also encouraging regime change.

The legality of the military action is being heavily debated as it was not approved by US Congress.

Iran’s supreme leader, Ayatollah Ali Khamenei, was killed in the initial strikes, along with dozens of other senior Iranian leaders. The conflict has since escalated into a large-scale regional war after Iran retaliated with missile strikes and drone attacks on US military bases and allied targets in Israel, the United Arab Emirates, Saudi Arabia, Qatar, Bahrain and Kuwait, where at least four US service members lost their lives.

The gold price responded quickly to the events, rallying to an intraday high of US$5,419.60 per ounce on Monday. Silver also benefited from a rush to safe-haven assets, surging to US$97.30 per ounce. By 12:00 p.m. PST, both metals had retreated, with gold back down to around the US$5,330 mark and silver trading at US$89.44.

How should investors react to price-spiking geopolitical events?

‘If we do see prices go nuts on that fear trade, that would probably fade. So don’t chase that,’ he said.

‘Maybe that’s not what everybody wants to hear. They want to hear, ‘Oh, it’s going to the moon.’ But experience suggests that geopolitical scares tend to produce short-term spikes,’ Tiggre added.

He also explained that the US and Israel’s military actions against Iran were not entirely unexpected and mostly already priced into the market. Hence, a return to the mean is expected.

Prior to this latest run in precious metals prices, gold was trading below the US$5,200 level, while silver was below US$90. The interest rate environment seems to be the chief factor capping gains for gold and silver.

What is giving gold upward support, according to Tran, is robust institutional demand.

“From a flow perspective, a notable signal comes from SPDR Gold Trust, which purchased nearly 19 tons over three consecutive sessions. The swift return of institutional inflows suggests that hedging demand remains intact,” she said.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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Hudbay Minerals (TSX:HBM,NYSE:HBM) is doubling down on Arizona, striking a deal to acquire Arizona Sonoran Copper Company in a transaction that would create North America’s third-largest copper district.

The deal gives Hudbay 100 percent ownership of the Cactus project in southern Arizona, adding it to the company’s existing Copper World development and establishing what the company describes as a major copper hub in the state.

Under the definitive arrangement agreement, Hudbay will acquire all outstanding shares of Arizona Sonoran that it does not already own in an all-share transaction. The offer represents a 30 percent premium to ASCU’s closing price that day and a 36 percent premium based on the companies’ 20-day volume-weighted average prices.

“The acquisition of ASCU is a highly compelling transaction that further enhances Hudbay’s copper growth platform in the US. Cactus is a high-quality, large-scale copper development asset in a mining jurisdiction that we know well,” CEO and President Peter Kukielski said in the company’s press release Monday (March 2).

“Together with the advancement of Copper World, this transaction creates one of the most significant copper districts in North America and reinforces Hudbay’s position as a premier copper growth company.”

Hudbay currently produces roughly 125,000 tons of copper annually. With Copper World and near-term optimization projects, the company sees a pathway to more than 250,000 tons per year by 2030.

The addition of Cactus offers potential to lift annual output beyond 350,000 tons, positioning Hudbay as a leading supplier of domestically refined US copper cathode.

Copper World is expected to produce about 92,000 tons of copper annually by 2030, while Cactus could add approximately 103,000 tons per year once developed.

Cactus hosts proven and probable reserves of 5.3 billion pounds of copper with expected annual production of 103,000 tons over a 20-year mine life. Copper World, meanwhile, contains 4.6 billion pounds of copper, with expected annual output of 93,000 tons over the same period.

Cactus sits on private land in Arizona and is fully permitted under a 2021 preliminary economic assessment, though amendments will be required for the 2025 prefeasibility study.

Together, the projects could create the second-largest US copper cathode district.

Hudbay also outlined several potential efficiencies, including redeploying the Copper World construction team to Cactus, using sulphuric acid produced at Copper World to leach oxide ore at Cactus, and achieving between US$5 million and US$10 million in annual corporate savings.

For Arizona Sonoran shareholders, the transaction offers an upfront premium while retaining exposure to Cactus through ownership in a larger, diversified producer.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com