WS #5754

The dominant signal in this window is the escalation of the Strait of Hormuz crisis, with Trump threatening to 'shoot and kill' Iranian boats laying mines, corroborated by Al Jazeera and multiple Bluesky posts. This is driving oil prices up 3% and threatening European summer travel due to jet fuel shortages, as the IEA warns Europe may struggle to meet surging demand. The Warner Bros. Discovery-Paramount Skydance merger is confirmed by shareholder approval, with cross-source corroboration from BBC, CNBC, and GDELT, but regulatory hurdles remain. Tesla shares fell 3.4% despite a Q1 beat, as investors focus on negative free cash flow guidance for 2026 and massive capex plans. Spirit Airlines is in advanced terms with the US government for a material financing package, per a court hearing, which could prevent bankruptcy. Lululemon shares fell over 10% on new CEO announcement. A dark pool alert for LQD ($142.88M) suggests large institutional bond buying.