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But DC politicians want to change that with the Durban Marshall Credit Card Bill.

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guard your card.com. Here's your midday brief for Thursday, July 10th. I'm Alex Oslo for the Wall Street Journal.

The Pentagon is making a big investment in rare earth magnets, striking an unusual deal with a private sector company aimed at undercutting China's dominance.

MP Materials, America's largest rare earths miner, said today it had reached a deal under which the Defense Department

will take a 15% stake in the company. The deal calls for MP materials to build a new factory

to make rare earth magnets at a scale that vastly exceeds current U.S. magnet production by 2028.

New data from the Labor Department out today showed that the number of Americans who

newly filed for unemployment benefits declined last week. But the report suggested that the size of the unemployed population continued to grow in June, a sign that relatively slow hiring is making it harder for people out of work to find new jobs. Delta Airlines' shares jumped as the airline expressed confidence after a rocky first

half of the year. Delta says that demand has stabilized as consumers and businesses are gaining the

clarity they need to make travel plans again. The company forecast a stronger third quarter than

analysts expected. And Ireland's central statistics Office said today that its manufacturing output was

about 12% higher in May than in April, almost fully reversing the sharp decline in output

recorded that month. It's an indication that U.S. businesses continue to build stocks of pharmaceuticals

that might yet be subjected to tariffs. Many of America's largest pharmaceutical companies have significant operations in Ireland,

and a large share of the drugs they make are sold back to the U.S.

We'll have more coverage of the day's news on the WS.J's What's News podcast.

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