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Nuclear nerves: As a global nuclear power, instability in Russia comes with added complications

Nuclear nerves: As a global nuclear power, instability in Russia comes with added complications

March on Moscow

Russia appeared on the verge of a coup on Saturday, as an armed rebellion from the Wagner Group — frustrated with the Russian defense ministry, treatment of its mercenaries, and progress in Ukraine — marched on the capital.

The paramilitary group, a de facto private army founded by Yevgeny Prigozhin, promptly halted its advance on Moscow after a peace deal brokered by Belarus at the last minute prevented a potential civil war in Russia.

The sudden chaos and instability in Russia was a sharp reminder that the country remains the world’s largest nuclear power. Although stockpiles have been greatly reduced, Russia still holds some 4,500 nuclear warheads — more than the ~3,700 in the US.

A new, new START

The good news is that US officials say they haven’t detected any irregular activity from Russia’s nuclear forces. But the events of the weekend, which experts believe were the most severe threat to Vladimir Putin in his 23 years in power, leave question marks over the fragility of the nuclear agreements that have governed the arsenals of the two countries since the Cold War.

In February, Russia suspended its participation in the New START treaty, an agreement which cuts the number of long-range nuclear missiles, although Moscow said that it still plans to observe the limits on the number of strategic warheads that can be deployed under the accord until the treaty expires in 2026.

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Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors

It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.

At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.

Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.

The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.

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