Citi's Azevedo Sees Busy 2H for Gulf Listings
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Pentagon accepts 'unconditional donation' of Qatari jet, agreement says: Sources
The Trump administration has accepted the 'unconditional donation' of a luxury jet from Qatar, with no stipulation on what should happen to the aircraft after President Donald Trump leaves office, according to an agreement reviewed by ABC News. The memorandum of understanding, or MOU, was signed earlier this month by Defense Secretary Pete Hegseth and Qatar's Minister of State for Defense Affairs, Soud bin Abdulrahman Al-Thani. The deal paves the way for the Air Force to begin the process of retrofitting the plane -- dubbed a 'flying palace' because of its luxurious finishes -- for the president's use. MORE: Pentagon accepts luxury jet from Qatar to use as Air Force One Sources told ABC News earlier this year that after the president left office, the plan called for transferring ownership of the plane to the Trump presidential library foundation. The cost of refurbishing the plane is classified, although lawmakers have speculated that it could cost as much as $1 billion. The Air Force referred questions on the deal to Hegseth's office, which referred a reporter back to the Air Force. 'Why would we ask the American taxpayer to spend upwards of $1 billion on a plane that would then only be used for a handful of months and then transfer directly to the president? That doesn't sound like a wise use of taxpayer dollars,' said Sen. Chris Murphy, D-N.Y., during a Senate hearing in June. MORE: Qatar's luxury jet donation poses significant security risks, experts say Air Force Secretary Troy Meink told lawmakers that the money to refurbish the jet would be pulled from a program intended to replace aging nuclear missiles, called the Sentinel intercontinental ballistic missile program. But Meink said the Sentinel nuclear program, which is over budget, wouldn't be immediately impacted because it was being restructured. Trump has long complained about the primary aircraft used in the current Air Force One fleet, which are Boeing 747-200 jumbo jets that have been operational since 1990. The Air Force is under contract with Boeing to replace those aircraft. 'The aircraft is donated in its current condition ('as is'), without any guarantees or warranties, unless otherwise agreed upon in future arrangements,' the new memo states. 'The donation is unconditional, and the aircraft may be used or disposed of by the DOD in its sole discretion, in any manner it deems appropriate, so long as such use or disposal remains in accordance with United States laws,' the memo later adds. Nothing in the agreement should be 'interpreted or construed' as 'an offer, promise, or acceptance of any form of bribery, undue influence, or corrupt practice,' the memo adds, calling it a 'bona fide gift.'
Yahoo
2 hours ago
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Citi's Strata Elite Card challenges AmEx Platinum and Chase Sapphire with travel-heavy perks
Not willing to be caught idling while Chase and American Express release new premium credit cards, Citi is launching one of its own: the Citi Strata Elite Card. Zillow updates home price forecast for over 400 housing markets: See the map Here's why Trump's proposed 401(k) executive order may be very bad news for your retirement How to go from quiet to commanding While Citi has offered a premium credit card in the past (the Prestige Card, which some customers still have and use, but is no longer available to new customers), the Citi Strata Elite Card is the company's return to the pitch in many years. Specifically, the new card is designed to directly compete with Chase's Sapphire Reserve card and the Platinum Card from American Express—both of which have recently announced new features, fees, and revamps. As for what makes Citi Strata Elite superior to its competitors' offerings? Pam Habner, Citi's head of U.S. branded cards and lending, says that in the simplest terms, 'it's the best card for premium customers who have a passion for travel and dining.' The card itself boasts an overall value of $1,500 annually, against an annual fee of $595. That includes an annual $300 hotel benefit, a $200 'splurge' credit (for use with certain brands, such as Best Buy or American Airlines), a $200 Blacklane chauffeur credit, and a fee credit for Global Entry or TSA PreCheck. There are numerous perks associated with American Airlines, too, which has had a long relationship with Citi, including four Admirals Club lounge passes. Card members also multiply their points earnings by 12 when booking hotels, car rentals, or attractions through the card's travel portal, along with a six-times multiplier when booking air travel or ordering from certain restaurants at certain times. In all, it packs a powerful punch for people who like to travel and eat out. Habner says that compared with competing cards, it 'is the card with the highest reward potential on the market—it offers travelers more benefits than any other card.' And she notes that the top reason premium cardholders opt for high-level or premium cards is for the travel benefits, according to her team's research. There was a good amount of research, too, that went into the development of the card. While Citi's previous premium card was 'designed for its time,' the new card 'meets the needs of the modern premium customer,' Habner says, and it took a good amount of time, data, and research to figure out exactly what those were. The Strata Elite Card's slate of benefits and perks, she says, reflects Citi's findings. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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3 hours ago
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Tonic Security raises $7M to Slash Cyber Risk with Agentic Exposure Management Platform
Emerging from stealth, Tonic expedites prioritization and remediation of vulnerabilities and threats with actionable context TEL AVIV, Israel, July 28, 2025--(BUSINESS WIRE)--Tonic Security, a cybersecurity startup helping teams cut through the overwhelming noise and complexity, launched from stealth today with $7 million in seed funding. The company's AI-powered platform aligns and interprets data from fragmented IT and security tools, adding context to every finding, enabling security teams to prioritize and remediate vulnerabilities faster. Hetz Ventures led the seed round with participation from Vesey Ventures and prominent angel investors in the cybersecurity industry. Led by seasoned cybersecurity experts and operators, Sharon Isaaci (CEO), David Warshavski (CPO) and Greg Ainbinder (CTO), Tonic solves a major challenge every security team faces as the attack surface rapidly expands: they are flooded with endless findings and alerts from multiple tools and assessments and can't proactively fix the exposures that matter to their organizations in time. "Before starting Tonic, I was increasingly frustrated with the 'writing on the wall'," said Sharon Isaaci. "As a CISO, incident responder and trusted advisor to many Fortune 500 companies, I witnessed first-hand how most security breaches could've been prevented in hindsight. They were often the direct result of a known exposure that was mis-prioritized and then exploited by the threat actors before being fixed by the defenders. No one was outpatching the adversaries!" "This realization is what led us to build Tonic," explains Isaaci. "Tonic is addressing the root cause of the problem, by introducing the first context-driven Exposure Management Platform that eliminates the cacophony caused by dozens of disparate tools, and provides the clarity, focus and business context security teams need to proactively protect their organizations." Powered by its own domain-specific AI agents and proprietary Data Fabric, Tonic harmonizes and contextualizes data from threat intelligence and unstructured organizational knowledge (like tickets, documents, emails and messages). Armed with this intel, users can quickly understand the potential business impact, operational dependencies, accountability, likelihood of exploitation, and remediation feasibility. With meaningful and actionable context, security teams can then smartly prioritize findings, dramatically reduce the noise and take the right action to remediate and mitigate exposures in no time. Tonic's customers are already seeing the impact: 50% decrease in Mean Time to Remediate (MTTR) of business-critical exposures. 20% drop in time spent per employee per week contextualizing findings and triaging alerts. 90% reduction in exposures requiring remediation. "Tonic is a game-changer," said Mark Fournier, CIO and CISO of the United States Senate Federal Credit Union. "It used to take days to identify an exposed asset and understand the potential risk to the business if exploited. With Tonic it takes minutes." Leading global enterprises, including Fortune 500 companies, trust Tonic to: Reduce the exposure window for remediating vulnerabilities and triaging alerts. Stop wasting time on false positives, reduce tool pivots and enhance collaboration between security, IT and business stakeholders. Enhance efficiency, while minimizing dependencies on homegrown systems, manual collection processes and information outside of the security teams. Move beyond technical visibility and generic security scores to attain a business-led perspective of their security posture. "Security teams are drowning in data but starving for context," said Pavel Livshitz, General Partner at Hetz Ventures. "What stood out with Tonic is their ability to surface what actually matters to the business by applying AI in a pragmatic and operational way. Tonic helps organizations move from reactive firefighting to intelligent preemption. That's the kind of innovative thinking we back." Prior to founding Tonic Security, Sharon Isaaci was an Executive at Sygnia, a top-tier incident response and cybersecurity consulting firm, and previously CISO and Senior Intelligence Officer at the IDF. David Warshavski, also an Executive at Sygnia, led its Red Team and Enterprise Security department, working closely with Fortune 500 CISOs in building their resilience. Greg Ainbinder held senior positions at the Israeli elite intelligence 8200 unit, founding its AI department and Secure Cloud Center. About Tonic Security Tonic is reshaping Exposure and Vulnerability Management by providing the context security teams need to accelerate prioritization and remediation of vulnerabilities and threats. Powered by Agentic AI and a security Data Fabric, Tonic extracts meaningful and actionable context from unstructured organizational knowledge and threat intelligence, empowering security teams with superior visibility, dramatic reduction in false positives, and a sharp focus on findings that matter. Leading organizations, including Fortune 500 companies, rely on Tonic to slash remediation time and reduce risk to key business processes. To learn more, visit View source version on Contacts Media Contacts:Laurie Ben-HaimTonic Security+1-646-300-9549+972-52-7831911laurie@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
