WS #6356
No material new developments in the last 30 minutes. The trade war escalation, Iran ceasefire fragility, Pentagon AI deals, and Apple earnings warnings remain the dominant narratives without any new data points or counter-signals.
Key developments
- Trump announces 25% tariff on EU auto imports, effective next week
- Trump tells Congress Iran hostilities 'terminated' to reset War Powers clock
- Exxon Mobil CEO warns oil market hasn't seen full impact of supply disruption
- Pentagon signs AI deals with Google, Microsoft, AWS, Nvidia, OpenAI, Reflection, SpaceX
- Apple reports strong earnings but warns of higher memory costs and Mac mini shortages
- Meta acquires robotics AI company, investing in humanoids
- DeepSeek launches new AI model adapted for Huawei chips, challenging Nvidia's dominance in China
- UAE officially exits OPEC, potentially increasing oil supply and lowering prices