US Drone Tariffs: The Trump administration announced up to 100% tariffs on imported drones and components, with 100% hitting larger “sensitive” models and 25% for smaller drones; Switzerland is listed among countries facing a lower 15% rate (if origin rules are met), while the UK gets 10%. Swiss Economy: Switzerland’s GDP jumped 1.5% in Q2, driven mainly by chemicals and pharmaceuticals, with services also contributing. Swiss Defence Industry: Armasuisse says the first Swiss-bound F-35 fuselage sections and wings are being assembled in Italy for the Cameri final assembly line in Europe; deliveries start mid-2027 for training, then aircraft move to Payerne, Meiringen and Emmen. Geneva Disruption: A public-sector strike is set to disrupt the start of the school year in Geneva, though schools remain open with non-striking staff and minimum childcare. Drought Watch: Swiss farmers warn heat and drought losses could exceed the 2003 level, while forecasts point to thunderstorms and rain that may finally ease conditions. AI Finance in Zurich: ETH Zurich spin-off Aisot Technologies secured a €2.13m seed extension to expand AI-driven portfolio intelligence for wealth managers.