WS #13334
No material new developments in the last 30 minutes. The dominant narrative remains the fragile US-Iran de-escalation (STABLE), with oil down ~6%, equities up, and chip stocks sliding. No counter-signals or new catalysts have emerged to alter the prevailing thesis.
Topics
Key developments
- US officials deny new Iran talks despite Trump's claim, but oil prices fall on de-escalation hopes
- Amazon crosses $3 trillion market cap for first time, up 5% on strong Q2 earnings and AWS growth
- July ISM Manufacturing PMI surges to 55.6 vs 53.9 expected, strongest since May 2022
- FAA grants amended type certificate for Boeing 737-7, clearing path to commercial service
- AstraZeneca-Bristol Myers merger talks ($400B) rejected by investors, AZN down 8%, BMY down
- SpaceX reports first earnings Tuesday with lockup expiry Thursday, short interest ~31-34%
- Cyclospora outbreak: first two US deaths in Michigan, cases top 11,000, pressuring restaurant stocks