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Bolivia set to elect first non-left wing president in two decades

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Ione Wells

South America correspondent, BBC News

Reuters Senator Rodrigo Paz Pereira, presidential candidate of Bolivia's Christian Democratic Party (PDC), leaves the Legislative Assembly ahead of the August 17 general election, in La Paz, BoliviaReuters

Rodrigo Paz Pereira is the frontrunner in Bolivia’s first-round presidential election which took place on Sunday.

Bolivia is set to elect a non-left wing president after nearly two decades of near-continuous rule by the incumbent socialist party, according to official preliminary results.

Senator Rodrigo Paz Pereira and former president Jorge Quiroga came in first and second place respectively in Sunday’s presidential elections.

Neither received a high enough share of the vote to secure an outright win, so the vote will go to a run-off between these two candidates, due in October.

Paz Pereira, of the Christian Democratic Party, was a surprise vote leader, after opinion polls had suggested Samuel Doria Medina, a businessman, was the frontrunner.

The electoral authorities said it can take up to three days to finalise the results.

Paz Pereira’s campaign focused on redistributing more funds away from central government towards regional entities, and fighting corruption – with his slogan “capitalism for all, not just a few”.

He has suggested a programme of accessible credit, tax breaks to boost the formal economy, and eliminating import barriers for products that Bolivia doesn’t manufacture.

Quiroga briefly acted as interim president from 2001-2002 after serving as Vice President to Hugo Banzer, a military dictator until he was later elected.

The election of a president from outside the left camp will likely see sharp changes in the Latin American country’s foreign policy.

In terms of trade, both candidate’s capitalist stances could indicate more support for foreign investment in Bolivia’s vast lithium reserves – the key ingredient for batteries used in many electric cars, laptops and solar panels.

Politically, a change in government could mark closer ties with the US, after two decades of strengthening ties between Bolivia and China, Russia and Iran.

A recent US Congress report briefing described US-Bolivia relations as “strained” under the socialist party’s governance.

Reuters Jorge Quiroga of the conservative Alianza Libre coalition is set to face Paz Pereira in the next round.Reuters

The country’s turn to the right comes as it is experiencing its worst economic crisis in years, with shortages of fuel, foreign reserves and some food items and high inflation and debt.

Opinion polls ahead of the election suggested that many voters wanted to vote for change, or to punish the incumbent Movimiento al Socialismo (MAS) party.

The current president, Luis Arce, mired in deep unpopularity, decided not to seek re-election.

The punishment of the left is not just electoral, but physical in some cases.

The candidate for MAS, Eduardo del Castillo, was booed out of the school where he cast his vote. Bolivian media reported that some fellow voters told him to “wait in line like they do for fuel” rather than skip the voting queue.

People also threw stones at the highest-polling left-wing candidate, Andrónico Rodríguez, when he went to cast his ballot. Rodríguez was previously a member of MAS before splintering from the party.

Authorities in Bolivia also said that an explosive device was set off at the polling station where Rodríguez cast his vote. There were no reports of significant damage or injuries.

Rodríguez described it as an “isolated incident” orchestrated by a “small group” to a Bolivian newspaper.

The left has not just faced recent unpopularity over the economy. It is also deeply divided.

AFP via Getty Images Supporters holding a banner of Bolivian former President Evo Morales in a march.AFP via Getty Images

Ex-president Evo Morales still has many supporters – even though he is barred from running again.

For the first time in about two decades, the former president, Evo Morales, was not on the ballot.

Morales ruled the country from 2006-2019 and was barred from running again, despite attempts to challenge legal and constitutional rulings to let him run for a fourth term.

He has urged his supporters to null their vote.

Rodríguez was once seen as a protégé of Morales, but has since distanced himself from him.

The last election in 2019 was disputed and protests erupted. Morales was accused of fraud after auditors found irregularities with the poll and he resigned under pressure from the military.

In 2020, Luis Arce – a former finance minister under Morales – took office as president. Morales then announced he would return to politics in Bolivia, and deprived Arce of a majority – turning the pair from allies to rivals.

Deep rifts and power struggles have existed in the ruling MAS party ever since. Morales’s supporters have held protests and roadblocks against the re-election ban imposed on him, which have at times turned deadly with some emergency responders being killed.

Judges ordered an arrest warrant for Morales over an alleged sexual relationship and rape of a 15-year-old girl. He has called the accusations politically-motivated.

He has been living and operating from Chapare in Bolivia, protected at times by his supporters.

Here's Trump's schedule with Zelensky on Monday

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President Trump is set to meet with Ukrainian President Volodymyr Zelensky and European leaders on Monday following his controversial meeting with Russian President Vladimir Putin in Alaska on Friday.

“I have already arrived in Washington, tomorrow I am meeting with President Trump. Tomorrow we are also speaking with European leaders. I am grateful to @POTUS  for the invitation. We all share a strong desire to end this war quickly and reliably. And peace must be lasting,” Zelensky said in a post on the social platform X late Sunday night.

European Commission President Ursula von der Leyen said in an X post of her own Sunday that she would “join the meeting with President Trump and other European leaders in the White House tomorrow.”

The White House released a schedule that shows Trump, Zelensky and their teams will first hold a meeting, before a larger meeting is held that will also include European leaders.

Here’s a rundown.

12:00 p.m.

European leaders are expected to be at the White House by noon EDT at the South Portico, with television crew and photographers allowed to document the arrival.

1:00 p.m.-1:15 p.m.

Zelensky and Trump are set to greet each other an hour after the European leaders arrive, and will shortly after go into a meeting with each other in the Oval Office. Vice President Vance is also expected to attend this meeting.

The last time the three met in February, there were fireworks.

2:15 p.m.-2:30 p.m.

Trump will greet other European leaders in the State Dining Room an hour after he begins his Oval Office meeting with Zelensky. Fifteen minutes after the greetings, Trump and European leaders will take a family photo together in the Cross Hall.

3:00 p.m.

Trump and European leaders will then head into their own high-stakes meeting in the East Room of the White House. Zelensky will also be a part of this meeting.

Copart, Inc. (CPRT): A Bull Case Theory

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We came across a bullish thesis on Copart, Inc. on Ridire Research’s Substack. In this article, we will summarize the bulls’ thesis on CPRT. Copart, Inc.’s share was trading at $46.19 as of August 8th. CPRT’s trailing and forward P/E were 30.59 and 26.11, respectively according to Yahoo Finance.

Copart (CPRT), a global leader in online salvage and resale vehicle auctions, is being initiated at a 2% model portfolio weight as a long-term holding rooted in its durable competitive moat and secular growth tailwinds. Founded in 1982, the Dallas-based company operates a patented online auction platform, a global buyer base spanning 180+ countries, and over 250 storage yards worldwide. Its asset-light, consignment-style model generates high margins (~45–50%) and steady cash flows, with Q3 FY2025 revenue up 7.5% YoY despite flat volumes, underscoring its pricing power.

Copart benefits from rising total-loss insurance claims, which reached a record 22.8% in early 2025, as complex and costly vehicle repairs make totaling cars more economical. Weather events and high used-car prices further drive salvage supply. The company’s unmatched physical footprint, global marketplace network effects, proprietary technology, and decades-long customer relationships form high barriers to entry that competitors cannot easily replicate.

Its duopoly position with IAA/Ritchie Bros. provides market stability, while Copart’s superior international reach and auction returns help it gradually win share. Risks—such as lower total-loss frequency from vehicle safety technology, competitive fee pressure, land acquisition constraints, or cyclical volume swings—are viewed as manageable given the moat and diversification.

With minimal debt, significant insider ownership, and disciplined reinvestment in land and technology, Copart is positioned to compound earnings and cash flows over the long term. The market underappreciates its resilient volumes, capital efficiency, and defensiveness, making the current price an attractive entry point. Copart offers a rare blend of market dominance, secular growth drivers, and superior economics that support sustained value creation.

Previously, we covered a bullish thesis on Copart, Inc. (CPRT) by Bulls on Parade in May 2025, which highlighted its dominant salvage auction model, disciplined capital allocation, and global growth. The stock has depreciated by approximately 13.9% since our coverage, as growth slowed. The thesis still stands given Copart’s moat and balance sheet. Ridire Research shares a similar view but emphasizes secular growth tailwinds and pricing power.

‘No going into Nato by Ukraine,’ says Trump as Zelensky and allies prepare for White House talks

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Jude Sheerin

BBC News, Washington

Watch: How Friday’s Trump-Putin summit unfolded… in under 2 minutes

Donald Trump has said the Ukrainian president can end Russia’s war “if he wants to”, but there would be “no going into Nato by Ukraine” as part of a peace deal.

Hours before he was due to host Volodymyr Zelensky at the White House, Trump also said there would be “no getting back” of the Crimean peninsula, which Moscow illegally annexed in 2014, eight years before launching its full-scale invasion.

It follows Trump’s summit with Russian leader Vladimir Putin in Alaska that resulted in the US president dropping a demand for a ceasefire and calling instead for a permanent peace deal.

A US envoy said on Sunday that Putin had agreed to a possible Nato-like security pact for Ukraine.

The Russian president has consistently opposed the idea of Ukraine joining the military alliance.

Posting on his Truth Social platform on Sunday night, Trump said: “President Zelenskyy of Ukraine can end the war with Russia almost immediately, if he wants to, or he can continue to fight.

“Remember how it started. No getting back Obama given Crimea (12 years ago, without a shot being fired!), and NO GOING INTO NATO BY UKRAINE. Some things never change!!!” Trump added.

Nato Secretary General Mark Rutte and UK Prime Minister Sir Keir Starmer are among the European leaders who will join Zelensky in Washington for talks on Ukraine’s future on Monday.

Also attending are French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, German Chancellor Friedrich Merz, Finnish President Alexander Stubb and European Commission President Ursula von der Leyen. It is unclear how many of them will go to the White House.

Trump later added: “Big day at the White House tomorrow. Never had so many European Leaders at one time. My great honor to host them!!!”

For so many heads of state to travel with such little notice across the Atlantic to what is essentially a wartime crisis meeting appears without precedent in the modern era, underscoring the sky-high stakes.

Diplomatic sources say European officials are concerned that Trump may try to press Zelensky to agree to terms, after the Ukrainian leader was excluded from the Trump-Putin meeting on US soil last Friday.

But US Secretary of State Marco Rubio told the BBC’s US partner CBS that any suggestion Zelensky might be bullied by Trump into accepting a peace deal was a “stupid media narrative”.

February’s row between Zelensky, Vance and Trump

Nato leaders also appear eager to avoid a repeat of Zelensky’s February trip to the Oval Office that ended abruptly after an argument with Trump and US Vice-President JD Vance.

The altercation – which saw Trump accuse Zelensky of “gambling with World War Three” – left Washington-Kyiv ties in tatters.

But European leaders have been working diligently behind the scenes since then to mend the relationship. The Ukrainian leader has been coached to talk in terms of deal-making – language that resonates with Trump.

In April, Ukraine signed a minerals agreement that gave the US a financial stake in the country, and Trump and Zelensky spoke privately at the Vatican before Pope Francis’s funeral. Ukraine made clear it was willing to pay for US weapons.

By July, the two leaders had a phone call that the Ukrainian president described as “the best conversation we have had”.

Meanwhile, Trump had begun to express exasperation with Russia’s unrelenting onslaught in Ukraine. He called Putin “absolutely crazy”, drastically shortened his deadline for a peace deal, and threatened economic sanctions on Moscow.

As these deliberations grind on, Russian forces continue to advance on the battlefield. They now occupy almost a fifth of Ukraine since Moscow launched its full scale invasion in February 2022.

EPA European Commission President Ursula van der Leyen and Ukraine's President Volodymyr Zelensky attend a video conference with EU leaders in Brussels, Belgium, on 17 August 2025EPA

Zelensky joined a virtual summit on Sunday with Nato and European leaders

A virtual summit was held on Sunday between Zelensky and the so-called coalition of the willing – a group of nations including the UK, France and Germany that have pledged to protect peace in Ukraine once it is achieved.

Afterwards, Emmanuel Macron told reporters their plan was to “present a united front” for Monday’s talks with Trump.

Zelensky and the Nato leaders said they were keen to learn more after US envoy Steve Witkoff told US television that Putin had agreed on Friday to “robust security guarantees that I would describe as game-changing”.

Witkoff said such an agreement could see Europe and the US protect Ukraine from further aggression with a Nato-like defence agreement.

“We were able to win the following concession: that the United States could offer Article 5-like protection, which is one of the real reasons why Ukraine wants to be in Nato,” Witkoff told CNN on Sunday.

Putin has long opposed Ukraine joining Nato, and Witkoff said the arrangement could be an alternative if the Ukrainians “can live with it”.

Article 5 is a principle at the heart of the 32-member transatlantic military alliance that says its members will come to the defence of an ally that is under attack.

Witkoff also told CNN that Russia made “some concessions” around five heavily contested regions of Ukraine.

In talks with European allies after the Alaska summit, Trump said Putin had reiterated that he wants the key Donetsk and Luhansk regions that make up Donbas, eastern Ukraine, according to European officials.

But at Sunday’s virtual summit with Nato leaders, Zelensky stressed that the Ukrainian constitution makes it impossible to give up territory – and that this should only be discussed by the leaders of Ukraine and Russia at a trilateral summit with the US.

The US secretary of state, meanwhile, sought to temper hopes that a deal to end Europe’s deadliest conflict for 80 years could be imminent.

“We’re still a long ways off,” Rubio said on Sunday.

Map

Conservatives mock Comey over Taylor Swift video

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Conservatives are mocking former FBI Director James Comey over a post he made on his Substack on Sunday in which he discussed his admiration for pop superstar Taylor Swift.

The post features a video of Comey calling Swift “a truly inspirational public figure” and noting her recent appearance on NFL stars’ Jason and Travis Kelce’s podcast “New Heights.”

“Taylor Swift and I go way back. I went to my first concert of hers 15 years ago. I’ve been to a second and I have helped financially support the attendance of a lot of family members and others. I’m in a family’s Swiftie group chat. I know all her music, and I listen to it in my headphones when I cut the grass,” Comey said in the video.

In response to Comey’s video, conservative personality Benny Johnson said that “A new James Comey hostage video just dropped.”

“This time he calls himself a ‘Swiftie’ and says Taylor Swift helps him cope with Donald Trump. You really can’t make this up,” Johnson added in a Sunday post on the social platform X.

In the Comey video, the former FBI director also states that “we need to stand up to jerks and defend what matters, but I think we have to try to do that without becoming like them, which is what makes me think about Taylor Swift.”

“She’s made clear that she sees Donald Trump for what he is, and last year, she urged Americans not to make the serious mistake of electing him,” Comey added. “Of course, we’re now living with the consequences of that mistake, but while our elderly makeup- covered president is posting about whether Taylor Swift is still hot and declaring that he can’t stand her, what’s she doing? Living her best life.”

Conservative commentator Dinesh D’Souza also said on X Sunday that Comey was attempting “now to come across as a normal guy, a Taylor Swift fan, and a champion of civility and decorum” in the wake of “using his power for years to entrap Trump, Flynn and others.”

The Hill has reached out to a representative for Comey and the White House for comment.

Comey was fired as FBI director by Trump during his first term, and the two have feuded for years.

Earlier this year, Comey made waves when he posted an image of shells on a seashore spelling out “86 47.”

He deleted the post after criticism, saying he did not recognize it as something that could be seen as promoting violence toward the president.

Comey’s daughter, Maureen Comey, was fired in July from her job as a prosecutor for the U.S. attorney’s office for the Southern District of New York (SDNY). The firing was largely seen as politically motivated given Trump’s feelings for Comey and his desire for loyalists throughout his administration.

Applied Materials, Inc. (AMAT): A Bull Case Theory

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We came across a bullish thesis on Applied Materials, Inc. on Stock Analysis Compilation’s Substack. In this article, we will summarize the bulls’ thesis on AMAT. Applied Materials, Inc.’s share was trading at $184.87 as of August 8th. AMAT’s trailing and forward P/E were 22.49 and 18.02, respectively according to Yahoo Finance.

Professions with the Highest Alcoholism Rates in US
Professions with the Highest Alcoholism Rates in US

Ant Clausen/Shutterstock.com

Applied Materials Inc. (AMAT) stands out as a leading, yet undervalued, player in materials-engineering solutions for the semiconductor and display industries. Despite near-term concerns around export-control uncertainties and the potential for a capex slowdown in 2025, the company’s long-term growth outlook remains robust. AMAT benefits from strong secular tailwinds, including the rising compute demands driven by artificial intelligence, the increasing adoption of advanced packaging technologies, and the development of new transistor architectures.

These technological trends are fueling sustained demand for the company’s core solutions, positioning it to capitalize on evolving industry needs. Additionally, AMAT’s expanding services segment offers higher-margin revenue streams, providing a valuable buffer against cyclical fluctuations and enhancing overall earnings quality. The market currently appears to underappreciate these growth drivers, focusing more on short-term risks than the company’s solid fundamental positioning.

As AI workloads intensify and semiconductor complexity grows, Applied Materials is poised to leverage its technological leadership to deliver strong earnings growth beyond the immediate horizon. This combination of structural growth, diversified revenue, and innovation leadership presents a compelling investment case, with upside potential not fully reflected in the current valuation. Investors willing to look past near-term uncertainties may find significant value in AMAT’s resilient business model and promising secular opportunities.

Previously, we covered a bullish thesis on Applied Materials, Inc. by Long-Term Pick in February 2025, highlighting its semiconductor innovation leadership and strong Q1 growth. Since then, the stock has appreciated approximately 16.95%. The thesis remains valid as secular growth drivers persist. Stock Analysis Compilation shares a similar bullish view but stresses export-control risks and near-term capex concerns.

Applied Materials, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held AMAT at the end of the first quarter which was 80 in the previous quarter. While we acknowledge the potential of AMAT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

James Bond should be a man, says Dame Helen Mirren

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Getty Images An older woman with white hair cut in a chin-length bob is looking to the right of the camera. She is wearing pearl earrings and a chunky gold and pearl necklace, with a high necked white top.Getty Images

Dame Helen Mirren has said James Bond should be played by a man, even though she is “such a feminist”.

In a new interview with Saga Magazine, the Oscar-winning actor said “you can’t have a woman. It just doesn’t work. James Bond has to be James Bond, otherwise it becomes something else”.

Amazon MGM Studios will produce the next iteration of the spy franchise, with Peaky Blinders creator Steven Knight set to write what will become the 26th film in the series.

The Studios previously said they were planning a “fresh” take on franchise but would honour the “legacy” of the “iconic character”.

The 80-year-old is currently starring opposite former James Bond actor Pierce Brosnan in the much anticipated film adaption of The Thursday Murder Club, in which she plays a retired spy.

Brosnan, 72, also told the magazine that he believed a male actor should continue to play Bond and he was excited to “see a whole new exuberance and life for this character.”

He starred in four Bond films during his tenure as 007, starting with GoldenEye in 1995 and finishing with Die Another Day, which was released in 2002.

Mirren has previously been quoted saying that the concept of James Bond was “born out of profound sexism”, and that women have always been an “incredibly important part” of the Secret Service.

Mirren and Brosnan are not the first to push back on the idea of Bond being played by a woman, with the sentiment echoed by Brosnan’s Die Another Day costar, Halle Berry.

“In 2025, it’s nice to say, ‘Oh, she should be a woman.’ But, I don’t really know if I think that’s the right thing to do,” she said, speaking at Cannes Film Festival in May.

The James Bond franchise was owned by the Broccoli family for more than 60 years, but producers Barbara Broccoli and Michael G. Wilson sold creative control to Amazon for a reported $1bn (£760m) earlier this year.

Speculation about who will next play the titular character has been rife, with British actors Aaron Taylor-Johnson and James Norton rumoured as frontrunners for the part.

There is no current release date set for the next film.

Man arrested after allegedly ramming ATV into DC officer in March

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A man has been arrested after allegedly ramming an ATV into an officer with Washington, D.C.’s police department earlier this year, according to the U.S. Marshals Service.

The Marshals on Saturday arrested 30-year-old Gerard Stokes in the Maryland city of Greenbelt, the service said in a Sunday press release. D.C’s Metropolitan Police Department (MPD) had wanted Stokes “for one count of felony Assault of a Police Officer that occurred on March 15, 2025,” according to the Marshals.

“On that date, MPD Officers attempted to contact a group of individuals who were operating ATVs and dirt bikes near a gas station in the area of 14th St. and U St. NW,” the Marshals said in their release. 

“The individuals on the ATVs were parked next to the gas pumps. As the fully uniformed Officers approached the individuals, one of the individuals, later identified as Stokes accelerated his ATV, raised the front tires in the air and aimed it toward the Officers,” the Marshals added.

According to the Marshals, as Stokes’s ATV came towards the officers, an officer escaped its path and another got hit “and drug approximately 15 feet across the gas station lot by Stokes who then fled the scene without stopping.”

The officer who was hit went to a local hospital and “is still recovering from the injuries and has not returned to full duty,” the Marshals said.

“This apprehension during this public safety surge proves that we are making a difference by getting ruthless and dangerous criminals off the street,” U.S. Marshal Service Director Gadyaces S. Serralta said in the release.

“By increasing the number of law enforcement professionals we are able to carry out the orders of the President and make DC safe and beautiful again,” Serralta added.

In a post on the social platform X Saturday, the Greenbelt Police Department said that “the U.S. Marshals Fugitive Task Force executed a warrant at a home in the 100 block of Ridge Rd” that morning.

“This warrant was connected to a case from Washington, D.C., involving the D.C. Police. No officers from Greenbelt were present during the execution of the warrant,” the Greenbelt police added.

Atlassian Corporation (TEAM): A Bull Case Theory

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We came across a bullish thesis on Atlassian Corporation on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on TEAM. Atlassian Corporation’s share was trading at $168.06 as of August 8th. TEAM’s forward P/E was 39.53 according to Yahoo Finance.

software, support, work
software, support, work

christina-wocintechchat-com-FVgECvTjlBQ-unsplash

Atlassian delivered a strong Q2 2025 performance, reporting $1.38 billion in revenue, up 22.3% year-over-year and beating estimates by 2.2%. Subscription revenue surged 22.8% to $1.31 billion, driven largely by cloud growth, which reached $928 million, a 25.7% increase. The company sustained robust profitability with gross margins expanding 1.9 points to 85.3% and operating margins rising 4.6 points to 24.3%. Non-GAAP EPS of $0.98 surpassed expectations by 16.7%. Net new annual recurring revenue (ARR) soared 1,695.5% year-over-year to $159 million, supported by strong premium and enterprise edition upgrades, which grew 40%.

Atlassian’s AI features saw rapid adoption, with monthly active users climbing 50% quarter-over-quarter and token usage increasing fivefold, reinforcing AI as a key engagement driver embedded across its platform. The launch of Teamwork Collection, a bundled cloud suite, exceeded expectations with significant deployments at major automotive, semiconductor, and gaming firms. Enterprise sales gained momentum with a record number of $1 million+ ACV deals, more than doubling year-over-year, highlighting deepening penetration in large accounts. However, free cash flow (FCF) margin declined 10.5 points to 26%, and Q4 FCF fell 13% due to timing shifts in billing and collections, reflecting the transition to annual billing and multiyear deal linearity.

Guidance for Q3 2025 revenue slightly missed estimates, reflecting caution around macro uncertainties and migration complexities in large enterprises. Despite these near-term headwinds, Atlassian reaffirmed its long-term targets of 20% CAGR revenue growth and 25%+ operating margins by FY2027, underpinned by continued investments in AI, cloud migration, and sales execution. Overall, Atlassian’s results showcase durable growth, strong customer expansion, and a well-positioned product portfolio driving secular cloud adoption trends.

Previously, we covered a bullish thesis on Atlassian Corporation by Deep Value Returns in May 2025, highlighting strong free cash flow and long-term growth targets. Since then, the stock has depreciated about 19% amid modest near-term growth. Sergey shares a similar view but emphasizes Q2 2025 results, AI adoption, and cloud growth, while noting some near-term cash flow challenges.

White House talks more important than US-Russia summit in Alaska

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Frank Gardner

BBC Security Correspondent

Getty Images Ukrainian President Zelensky talks to the press while standing in front of a blue and yellow Ukrainian flag. Getty Images

It is quite possible that Monday’s meeting in the White House could prove even more crucial to the future of Ukraine – and for all of Europe’s security – than last Friday’s US-Russia summit in Alaska.

On the surface, that Putin-Trump reunion seemed to live down to every expectation.

There was no ceasefire, no sanctions, no grand announcements.

Were Ukraine and Europe about to get cut out of a deal cooked up behind closed doors by the world’s two foremost nuclear powers?

Not, apparently, if Ukraine and its partners can prevent it.

The presence of Sir Keir Starmer, President Macron, Chancellor Merz and other leaders alongside President Zelensky in Washington is about more than making sure he does not get ambushed in the Oval Office again, in the way he did on 28 February.

They are determined to impress upon Donald Trump two things: firstly, that there can be no peace deal for Ukraine without Ukraine’s direct involvement and secondly, that it must be backed by ‘cast-iron’ security guarantees.

Above all, Europe’s leaders want the US President to see that Ukraine and Europe present a united front and they are eager to ensure he is not being swayed by his obvious personal rapport with Vladimir Putin into giving in to the Russian leaders’ demands.

Watch: How the Trump-Putin summit unfolded… in under 2 minutes

This is where the Sir Keir Starmer’s diplomatic skills will be sorely tested.

Trump likes Starmer and listens to him, and in a month’s time Trump will be coming to the UK on a state visit.

He also likes Mark Rutte, the NATO Secretary-General who will be in attendance, a man who is sometimes called ‘the Trump Whisperer’.

The US President appears to be less fond of President Macron and the White House was sharply critical recently of his intention to unconditionally recognise a Palestinian state at the next UN General Assembly.

For a peace deal in Ukraine to have any chance of working, something has to give.

European leaders have said frequently that international borders cannot be changed by force and President Zelensky has said time and time again he will not give up land and besides, Ukraine’s constitution forbids it.

But Putin wants the Donbas, which his forces already control around 85 per cent of, and he has absolutely no intention of ever handing back Crimea.

Yet as the former Estonian PM and now Europe’s top diplomat Kaja Kallas once said to me: victory for Ukraine in this war does not have to be exclusively about reconquering occupied land.

If Ukraine can obtain the sort of Article 5-type security guarantees now being talked about, sufficient to deter any future Russian aggression and thereby safeguard its independence as a free and sovereign state, then that would be a form of victory.

It does now appear that what the US and Russia have been discussing is a proposal that broadly trades some Ukrainian land for security guarantees that it won’t have to give up any more to Russia.

But the question marks are huge.

Could Ukraine accept a deal that ends the war but costs it land, especially when so many thousands have died trying to save that land?

If it is asked to give up the remaining 30 per cent of Donetsk Oblast that Russia has yet to occupy then does that leave the path westwards to Kyiv dangerously under-defended?

And what of Starmer’s much-vaunted Coalition of the Willing?

Earlier talk of deploying tens of thousands of boots on the ground have since been scaled back.

Now it’s more about ‘safeguarding skies and seas’ while helping Ukraine to rebuild its army.

But even if peace does break out on the battlefield we are still in dangerous territory.

Every military expert I have spoken to believes that the moment the fighting stops Putin will reconstitute his army, build more weapons, until he is in a position, perhaps in as little as three to four years, to grab more land.

If and when that happens it will be a brave Typhoon or F35 pilot who is prepared to fire that first missile on an advancing Russian column.