millions, asked him not to do this. and dick fosbury the man who made the highjump with the fosbury flop has died at the age of 76. the leaders of the us, britain and australia, meeting in california, have given details of a defence pact that will provide australia with nuclear powered submarines. president biden, uk prime minister rishi sunak and the australian prime minister, anthony albanese, have met to confirm the aukus security agreement. the deal is aimed at countering what the three nations see as china s threat in the indo pacific region. our political editor, chris mason, has more from san diego. a pact of old democracies, coming together to counter a new and growing adversary china. australia and the united kingdom are two of america s most stalwart and capable allies. our common values, ourshared vision for a peaceful, prosperous future unite us all across the atlantic and pacific. this is about projecting power and resolve. the backdrop, a naval base. the ima
Not that kind of drug deal. Were talking about big pharma because one drug stock is showing signs of a breakout. Well give you the name. The action begins right now. Despite the new record, bond, treasuries continue to rally. U. S. Tenure yield fell below 1 57b9 5 this week. Great for realtor, but how long can bonds and stocks rally together . Let geiss get in the money and find out. Take a look at this. You get the gdp data we got and thats going reassure any bond bulls were not going to get a rate increase anytime soon and you have to assume that every buyer of Financial Assets is hoping against all hope that anythings going to cut off the nice spigot of money thats been flowing in. I think they got what they wanted, but whats interesting is that equities could have done a little bit better today on the heels of some big earnings numbers we got and the fact this discounts a future rate increase. Ill say thats probably more function of the fact its a friday at the end of july. I know
project moving forward. one of the most powerful movements, ever. bullying, or activism, works. in an attempt to offset criticism, the biden administration has announced drilling bans on nearly 16 million acres of land and sea in alaska, as well as curbing the scale of development. in a statement, the department of the interior said it was substantially reducing the size of the willow project by denying two of the five drill sites proposed by conocophillips , and it said the actions will create an additional buffer from exploration and development near the teshekpuk lake caribou herd. this decision could cost joe biden, politically. in his 2020 election campaign, he vowed to end new drilling on his own land, and some in his own party will see this as a betrayal. gary 0 donoghue, bbc news, washington. a new rule comes into force in kenya, as the government tackles the rising cases of alcohol and drug abuse.
gary 0 donogue reports. alaska home to some of america s last remaining undisturbed landscapes. but one oil company says, under the freezing expanse lies decades of untapped oil, and the potential to ensure us energy security into the future. the company, conocophillips, has already begun exploratory work, after receiving a grant from the biden administration. it means over 200 wells will be sunk and hundreds of miles of new roads. we are already in a climate emergency. and so every single drop added to our carbon emissions is sending us into a direction of complete, irreversible climate impact. the campaign to stop willow generated more than a million letters to the white house, and a backlash among campaigners on social media. we will not accept the willow
defence spending in the uk has been declining from 2.6% in 2010, now down to 2.2%. most of the new money will go to the uk s nuclear submarine programme. it will help the deal with australia, counter the rise of china, but also create british jobs. the reactors for the new australian submarines will be built by rolls royce, and it is often the economy, not defence, that helps decide an election. jonathan beale, bbc news. the us has given the go ahead for an $8 billion oil drilling scheme in alaska that s been fiercely opposed by environmentalists. the energy giant conocophillips will drill at three sites on alaska s north slope, in what critics describe as a carbon bomb . but others are welcoming the investment, saying it will create much needed jobs. 0ur north america correspondent