WS #6640

The dominant signal in this window is the confirmation of Ted Turner's death at 87, widely reported by multiple sources including The Guardian, Seeking Alpha, and numerous Bluesky posts. While this is a significant media figure event, its direct market impact is limited to potential short-term sentiment on media stocks (e.g., Warner Bros. Discovery, which owns CNN). More actionable for markets are the ongoing developments in US-Iran relations: President Trump stated that Iranian uranium going to the US would be part of a deal, and that the blockade could be lifted. This is corroborated by multiple sources discussing a Strait of Hormuz deal, which could unlock millions of barrels of oil per day. This de-escalation signal counters the prevailing bearish oil thesis. Additionally, Fed's Musalem sees inflation risks rising, which is a hawkish signal. On the corporate front, Corning (GLW) surged on a landmark AI-optics pact with Nvidia (NVDA), with GLW up 15-20% and NVDA up 3%. Hut 8 (HUT) jumped 30% on a $9.8B AI data center lease. Bumble (BMBL) fell 18% on weak Q2 outlook. NICE (NICE) fell on weaker Q2 revenue outlook. KKR dropped out of bidding for Nestlé water brands. Taboola (TBLA) rose on better-than-expected Q1 results and raised guidance. The overall narrative is one of mixed signals: geopolitical de-escalation (Iran deal) vs. hawkish Fed, with AI infrastructure deals driving specific tech names.