WS #6348
No material new developments in the last 30 minutes. The dominant narratives from the previous cycle (US-EU tariffs, Iran situation, Spirit Airlines shutdown, Pentagon AI deals, Apple/META signals, EU-Mercosur deal, Fed's Logan comments) remain unchanged with no new data points or counter-signals.
Key developments
- Trump announces 25% tariff on EU cars and trucks next week
- Trump rejects Iran's latest peace proposal; ceasefire holds but tensions remain
- Pentagon signs AI deals with Google, OpenAI, Nvidia, Microsoft, Amazon, SpaceX, Reflection
- Spirit Airlines preparing to shut down after $500M bailout fails
- BofA Securities says Apple well positioned for continued growth after strong fiscal Q2
- Meta acquires AI robotics startup for humanoid tech
- Fed's Logan says next rate move could be cut or hike, pushing back against rate cut expectations
- EU-Mercosur trade deal enters into force, eliminating tariffs on 93% of Mercosur exports