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BHP delivered a standout result, posting a thirty percent jump in profit as copper demand surged and iron ore held firm. The world's largest miner is benefiting directly from infrastructure buildout and the energy transition, with copper in particular acting as a structural tailwind rather than a cyclical one. The market is taking note.
Turning to defense, L3Harris has forced out chairman and chief executive Chris Kubasik following a board investigation into a code of conduct violation. The company was explicit that the breach had nothing to do with financials or customer relationships, but offered no further detail. Kubasik forfeits roughly forty-five million dollars in compensation, though he still walks away with an estimated eighty million in stock and options — a number that will draw its own scrutiny.
And on the geopolitical front, Seoul is visibly unsettled after President Trump threatened to scale back joint military drills with South Korea while offering warm words for Kim Jong Un. For a treaty ally that views those exercises as the bedrock of its security arrangement with Washington, the signal is deeply destabilizing — and markets in the region are watching the diplomatic temperature closely.
That's the tape. Markets Desk, signing off the floor.
