A series of major developments across defense, labor, and economic fronts marked a turbulent Wednesday in the United States.
From the Trump administration’s decision to ease restrictions on Ukraine’s use of Western-made long-range missiles to labor disputes at Boeing, new sanctions on Russia, and renewed volatility in financial markets, policymakers and investors navigated a day of heightened geopolitical and economic uncertainty.
US lifts key restriction on Ukraine’s use of western missiles
The Trump administration has reportedly lifted a major restriction on Ukraine’s ability to use Western-made long-range missiles in attacks against Russia, according to The Wall Street Journal, citing US officials.
The decision came shortly before Ukrainian President Volodymyr Zelenskyy’s recent visit to the White House, where he sought additional support, including Tomahawk missiles.
The lifted restriction allows Ukraine to employ British-supplied Storm Shadow cruise missiles—developed jointly by France and the UK—with a range exceeding 180 miles.
The move enabled Kyiv to strike a chemical plant in Russia’s Bryansk region using the missiles.
Although the weapons are European, US approval was required due to their reliance on American targeting data.
Washington’s action signals a potential shift in its approach to supporting Ukraine’s cross-border operations.
Meanwhile, US Treasury Secretary Scott Bessent announced that Washington will soon unveil a “substantial” increase in sanctions against Russia, possibly within a day, underscoring a broader escalation in the economic front of the conflict.
Boeing strike talks collapse without vote
Labor tensions remain unresolved at Boeing as negotiations with the International Association of Machinists and Aerospace Workers (IAM) ended without a vote on the company’s revised contract offer.
Boeing’s Vice President of Air Dominance, Dan Gillian, said in a letter to employees that union leadership “refused to allow a vote” despite a proposal that included additional bonuses and wage growth.
The revised offer provided a $3,000 ratification bonus and addressed several worker concerns following a strike that began on August 4.
The industrial action has disrupted operations in Missouri and Illinois, with Boeing hiring replacements and relocating some aircraft work to other facilities.
Gillian expressed disappointment, emphasizing that the company had incorporated employee feedback to reach a fair resolution.
However, without a vote, the strike continues, prolonging operational challenges for the aerospace manufacturer.
Pentagon confirms strike on narco-trafficking vessel
US Defense Secretary Pete Hegseth confirmed that a US military strike, directed by President Donald Trump, targeted a narco-trafficking vessel in the Eastern Pacific.
The operation, conducted in international waters, resulted in the deaths of two individuals identified as “narco-terrorists.”
According to Hegseth, the vessel was operated by a designated terrorist organization involved in illicit drug smuggling along a known transit route. No US servicemen were harmed in the operation.
Fed loses access to key employment data
The Wall Street Journal also reported that the Federal Reserve has lost access to its private payroll data feed from Automatic Data Processing Inc. (ADP), hindering the central bank’s insight into labor market trends during the ongoing government shutdown.
Since 2018, the Fed has used ADP’s weekly payroll data—covering around 20% of the private workforce—to complement official employment reports.
However, ADP reportedly stopped supplying the data following a public mention of the dataset’s importance by Fed Governor Christopher Waller.
ADP clarified that the information provided was aggregated and not client-specific.
Markets slide on trade concerns and weak earnings
US stocks fell sharply on Wednesday amid renewed trade concerns and disappointing earnings from major corporations, including Texas Instruments and Netflix.
The Dow Jones Industrial Average declined by 334 points, or 0.71%, while the S&P 500 dropped 0.53% and the Nasdaq Composite fell 0.93%.
The sell-off deepened after reports that the White House was considering curbs on China-bound exports made with US software, a move that could reignite trade tensions.
Investors are now bracing for further volatility ahead of November 1, when the Trump administration is expected to clarify its planned software export restrictions.
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