American businessman and investor; co-founder and CEO of Cerberus Capital Management
Deputy Defense Secretary Steve Feinberg has issued a memo telling industry to submit plans within 21 days to accelerate production of critical capabilities, signaling a push to shorten years-long development cycles amid strained stockpiles of Patriot and THAAD interceptors. The Pentagon says the move is part of a modernization effort and will inform the FY2028 budget.
The Bald Range wildfire has grown to about 9,500 hectares, triggering evacuation orders in Summerland, Peachland and surrounding districts. A state of emergency grants authorities power to manage travel, supply protections and rescue coordination as more than 20,000 residents have been displaced across British Columbia.