WS #6631

The dominant narrative in this window is the rapid de-escalation of the US-Iran conflict, with multiple sources reporting progress toward a peace deal. Axios reported that the US and Iran are nearing a deal, Iran's foreign ministry confirmed it is evaluating a 14-point US proposal, and Trump posted on Truth Social that Iran will be bombed if it doesn't agree, while also suspending 'Project Freedom' in the Strait of Hormuz. This has driven oil prices lower and stock futures higher. Separately, Corning held an investor event announcing a $20B annualized sales run rate by end of 2026 and a new photonics business with Nvidia, sending GLW up 16% and NVDA up 3% premarket. Disney reported a Q2 earnings beat (EPS $1.57 vs $1.50 est) and raised its buyback target to $8B, boosting DIS shares. Super Micro Computer beat Q3 EPS estimates and issued strong Q4 guidance, with shares trading higher. Morgan Stanley launched crypto trading on E*Trade with lower fees than rivals, a significant competitive move. The Iran deal narrative is the highest-signal item, with cross-source corroboration from Axios, CNBC, and Trump's own social media. The Corning-Nvidia partnership is a high-signal tech development. The overall market narrative is shifting from oil-supply crisis to de-escalation, with oil prices falling and equities rising.