WS #6124
No material new developments in the last 30 minutes. The US-Iran stalemate continues with no new diplomatic or military actions. Oil prices remain elevated but stable. No new corporate or macroeconomic catalysts emerged. The narrative arc remains STABLE.
Key developments
- Trump rejects Iran's conditional Hormuz proposal; oil rises 2-3%
- Apple CEO Tim Cook to be succeeded by John Ternus on September 1
- OpenAI missed key revenue and user targets ahead of IPO; Microsoft ends exclusivity
- China blocks Meta's $2B acquisition of AI startup Manus
- Tesla selects Intel 14A process for TeraFab chip production
- FedEx plans to return grounded MD-11s to service in May - WSJ
- S&P 500 posts 12.5% monthly gain, largest since 1949
- US authorities freeze $344M in crypto linked to Iran