The Chicago Cubs have traded right-handed reliever Mark Leiter Jr. to the New York Yankees in exchange for two minor league prospects, infielder Ben Cowles and reliever Jack Neely. Leiter, who has posted a 4.21 ERA and 53 strikeouts in 39 games this season, has recently shown improved performance with seven consecutive scoreless appearances. This move addresses the Yankees' need for bullpen reinforcement, especially given their recent struggles and injuries. The Cubs aim to bolster their farm system as they find themselves on the fringes of the playoff race, with both Cowles and Neely having strong seasons in the minors and Neely recently promoted to Triple-A. The deal reflects Chicago's strategy of balancing immediate needs with future prospects.