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Stock impact report

Chinese firm aiding Houthi attacks on US vessels, as airstrikes kill 74 [FOX News]

Planet Labs PBC Class A (PL) 
Company Research Source: FOX News
The State Department has accused a Chinese firm of directly aiding Iran-backed Houthi rebels in Yemen by providing satellite imagery used to target U.S. and international vessels in the Red Sea. The news comes as U.S. airstrikes targeting an oil port held by Yemen's Houthi rebels killed 74 people and wounded 171 others on Thursday, the group said. State Department spokesperson Tammy Bruce said that Chang Guang Satellite Technology Company Limited is helping the Houthis, who have been attacking commercial and military ships in the area since late 2023 as a means of showing solidarity with Palestinians amid the war in Gaza. The Houthi attacks have included missile strikes, drone assaults and attempted hijackings. Chang Guang Satellite Technology Company Limited is a commercial group with ties to the People's Liberation Army. "We can confirm the reporting that Chang Guang Satellite Technology Company Limited is directly supporting Iran-backed Houthi terrorist attacks on U.S. int Show less Read more
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