Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Israel said about 50,000 Palestinians fled to southern Gaza as the army pushed deeper into Hamas strongholds in the north of the territory.

(2) Former US Secretary of State Hillary Clinton said both Israel and the Palestinians need new leadership in order to have a chance of achieving a peace deal once the current war in the Gaza Strip ends.

(3) Citadel founder Ken Griffin said the world is facing unrest and structural changes that are pushing it toward de-globalization and causing higher baseline inflation that may last "for decades."

(4) The Federal Reserve is scrutinizing whether Morgan Stanley's wealth management business is taking adequate measures to prevent potential money laundering by wealthy clients from outside the US.

(5) Italian Prime Minister Georgia Meloni has defied expectations with her first year in office; but the path ahead looks more difficult, with missteps becoming more likely.