WS #5845

The dominant signal in this window is the confirmation that the DOJ has dropped its probe into Fed Chair Jerome Powell, clearing the path for Kevin Warsh's confirmation. This is corroborated by multiple sources including Bloomberg, El Pais, Welt, and others. Separately, the Strait of Hormuz crisis continues to escalate with oil prices crossing $100/barrel, and the Pentagon reportedly threatening to suspend NATO members like Spain for not providing access for Iran operations. The ECB is advancing the digital euro by signing deals to reuse open payment standards. In tech, Meta signed a deal with AWS to deploy Graviton processors, and Hut 8 is preparing a high-grade bond sale for a Google-backed data center. Morgan Stanley raised its MSFT price target, calling its AI story underpriced. The Avis short squeeze has ended with a 70% crash. Israeli forces killed six armed Hezbollah members in southern Lebanon. Iran's foreign minister is on a regional tour to end the US-Israel war against Iran. Pakistan expects to host another round of US-Iran talks. European aviation safety agency extended its recommendation for airlines to avoid Middle Eastern airspace until May 1.