Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Faced with the heightened risk of attacks from Iran or its proxies in the region, Israel is diversifying and fortifying its critical infrastructure.

(2) Ukrainian President Volodymyr Zelenskiy said Russian troops started a fire on the grounds of the occupied Zaporizhzhia nuclear power plant in southern Ukraine, calling on the world and the International Atomic Energy Agency to react.

(3) The European Central Bank is now likely to cut its deposit rate once a quarter through the end of next year, a timetable that will see its easing cycle end sooner than previously anticipated, according to economists.

(4) Republican vice presidential candidate JD Vance floated more than doubling the federal child tax credit to $5,000, seeking to reframe a “pro-family” stance that has come under attack from Democrats.

(5) The chief executive officers of Britain’s biggest companies received record compensation last year but the slowing pace of increases saw the pay gap with the US widen.