The name "Michelle Wolf" has dominated headlines and has become the talk of the mainstream media following the comedian's speech roasting the Trump Administration at the White House Correspondents' Dinner on Saturday. While everyone seems to have an opinion on Wolf's comments, the fact is that the debate has served as the perfect distraction from several incredibly important news stories from the around the world.
Here are five stories you may have missed while the media was obsessing over Michelle Wolf's speech:
1. Military-industrial Complex Stocks Crashed in Response to a Historic Peace Deal Between North And South KoreaThe leaders of North and South Korea reached a historic peace deal this week when they met in person for the first time and agreed to pursue an end to the Korean War. It signaled an incredible breakthrough in diplomacy that also sent the stocks of defense contractors in the United States
crashing.
The same stocks that
skyrocketed after Trump vowed to meet North Korea with
"fire and fury like the world has never seen" in August 2017, fell significantly at the prospect of peace in Korea. Following the meeting, the five largest defense contractors in the U.S.
lost more than $10 billion in value.
Lockheed Martin (LMT) fell 2.5 percent,
Northrop Grumman (NOC) fell 3.4 percent,
General Dynamics (GD) fell 3.8 percent, and
Boeing (BA) fell less than 1 percent.
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