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Wall Street is pointing toward gains before the opening bell after dipping close to a bear market Friday. Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.1% in premarket trading Monday. Benchmarks rose in Europe following a mixed session in Asia. Oil prices rose. On Friday the S&P 500 dipped more than 20% below its peak set early this year before buying late in the day gave it a tiny gain. It finished 18.7% below its record. That capped a seventh straight losing week, the longest since 2001.

After sitting on the shelf for two years due to the pandemic, “Top Gun: Maverick” is flying full throttle into theaters this week. After kicking off aboard the USS Midway aircraft carrier in San Diego, Cruise and company have been on a worldwide promotional tour including a stop at the Cannes Film Festival. Where countless decades-later sequels have crashed and burned, “Top Gun: Maverick” may be a retro-blockbuster that succeeds. With visceral dogfights filmed inside with up to six cameras in the cockpit and a surprisingly emotional storyline, “Top Gun: Maverick” makes a thunderous case for the need for speed — and for the big screen.

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A Ukrainian court has sentenced a 21-year-old Russian soldier to life in prison for killing a Ukrainian civilian. It is the first conviction for war crimes since Russia’s invasion three months ago. The soldier had pleaded guilty and testified that he shot the man after being ordered to do so. The sentencing came as the United Nations said the 3-month-old war has helped push the number of people displaced worldwide to the highest level on record level. More 100 million people have been driven from their homes across the globe. Grinding battles in the Donbas, where Ukrainian and Russian forces are fighting town by town, have forced many civilians to flee their homes.

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A doctor who chairs a World Health Organization expert group has described the unprecedented outbreak of the rare disease monkeypox in developed countries as “a random event” that might be explained by risky sexual behavior at two recent mass events in Europe. In an interview with the Associated Press, Dr. David Heymann, said the leading theory to explain the more than 90 cases of monkeypox in a dozen countries including Britain, Spain, Switzerland, France, the U.S. and Australia was sexual transmission among gay and bisexual men at two raves held in Spain and Belgium.

Ukrainian President Volodymyr Zelenskyy is calling for “maximum” sanctions against Russia during a virtual speech at the World Economic Forum gathering. He says in a virtual speech Monday that sanctions need to go further to stop Russia’s aggression, including an oil embargo, all of its banks blocked and cutting off trade with Russia completely.Zelenskyy says his country has slowed Russian advances and his people’s courage has stirred unseen unity of the democratic world. He pushed for the complete withdrawal of foreign companies to prevent supporting its war.

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The founder of the World Economic Forum says Russia’s war in Ukraine as well as climate change and the global economy are key issues at the gathering of business elites and government leaders in Davos, Switzerland. Klaus Schwab said Monday in welcoming remarks that “this war is really a turning point of history and it will reshape our political and our economic landscape in the coming years.” He also says the world is at “the tail-end of the most serious health catastrophe of the last hundred years — COVID-19.” Schwab added that climate change is something to urgently address and that concerns about high inflation will affect how to look at the future of the global economy.