WS #7106
No genuinely new material developments detected in the last 30 minutes. The dominant narratives from the previous window (US CPI inflation, Iran conflict escalation, UK political crisis) remain unchanged with no new data points, counter-signals, or de-escalation signals. The slight de-escalation signal of a second Qatari LNG tanker exiting the Strait of Hormuz was already captured. No new MAG7-specific or corporate developments have emerged to contradict the prevailing macro thesis.
Key developments
- April US CPI surges to 3.8% YoY, core at 2.8% vs 2.7% expected, highest since May 2023
- Trump says ceasefire with Iran 'on life support', rejects 'unacceptable' proposal
- Strait of Hormuz closure leads to 1B barrel oil shortfall, ADNOC CEO reports
- Pentagon says Iran war has cost US $29 billion so far
- IREN prices upsized $2.6B convertible notes offering (increased from $2B)
- Alpha Compute closes $32.2M revenue contract with AI lab for NVIDIA B200 GPUs
- Agios submits sNDA to FDA for accelerated approval of mitapivat in sickle cell disease
- UK: Third minister resigns from Starmer's government; 75-85 Labour MPs want him out