WS #6726
No genuinely new material developments detected in the last 30 minutes. The dominant Iran-Strait of Hormuz narrative and the China trip plan remain unchanged. No counter-signals or non-dominant-narrative developments have emerged.
Key developments
- Iran's President Pezeshkian meets Supreme Leader Khamenei to quash divided leadership narrative
- Saudi Arabia refuses US use of bases for Project Freedom, forcing Trump to shelve plan
- Trump administration plans to invite CEOs from Nvidia, Apple, Exxon, Qualcomm, Blackstone, Citigroup, and Visa on China trip
- Ukrainian drone strike hits Russian naval base in Dagestan, damaging Karakurt missile ship
- Shake Shack plummets ~29% on Q1 miss and CFO change
- ADMA Biologics drops 17% on lowered FY26 outlook and withdrawn long-term guidance
- Gray Media shares fall 14% on wider-than-expected Q1 loss and weak retransmission revenue
- Citadel Securities to clear own stock options in break from BofA