Air India Flight Crashes Shortly After Taking Off
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Here is your Morning Brief for Thursday, June 12th. I'm Luke Vargas for The Wall Street Journal. We begin with some breaking news as an Air India plane carrying 242 people has crashed near an airport in the western Indian city of Ahmedabad.

According to Air India, 169 of those on board are Indian nationals, 53 are British, seven Portuguese, and one Canadian. Flight AI-171, which was bound for London, crashed shortly after taking off. According to data from flight tracking website FlightAware, the jet was an 11-year-old Boeing 787.

Iran says it plans to establish a new nuclear enrichment facility in a secure location following a vote against it this morning by members of the International Atomic Energy Agency, who found the country is not complying with its nuclear obligations. The U.S., France, Germany, and the U.K. put forward the resolution, which Russia and China opposed.

The vote marks the first time in two decades that Iran has been declared out of compliance with provisions of the Nuclear Non-Proliferation Treaty. It comes amid rising tensions between the U.S. and Iran, with the State Department ordering all non-essential personnel to withdraw from Iraq and saying that non-essential staff and their families can leave Bahrain and Kuwait.

And there are signs that the IPO market may be finding its footing again after President Trump's trade war earlier this year prompted several companies to cancel their plans to list. Yesterday, shares in space and defense technology company Voyager Technologies climbed in their New York Stock Exchange debut. Voyager is working with companies including Airbus, Mitsubishi, MDA Space, and Palantir on the Starlab space station planned for low-Earth orbit.

Stock markets in Asia have ended the day lower. European markets are also down, and U.S. stock futures are falling ahead of more inflation data in the form of wholesale prices, which are due out this morning. And we've got a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.