WS #7134
No genuinely new material developments have emerged in the last 30 minutes. The previous synthesis remains current. Key themes are stable: Kevin Warsh confirmed to Fed, FDA commissioner resignation, tariff court ruling pause, Saudi-Iran escalation, Trump's China trip, Golden Dome cost overrun, and sticky inflation data. No counter-signals or de-escalation events detected.
Key developments
- US appeals court temporarily pauses trade court ruling against Trump's 10% tariffs under section 122
- Saudi Arabia launched covert retaliatory strikes on Iran per Reuters, escalating regional war
- FDA Commissioner Marty Makary resigns after 13 months
- First wave of tariff refunds begins flowing in after Supreme Court ruling
- Sam Altman testifies Elon Musk 'tried to kill' OpenAI twice
- Blue Owl retail fundraising evaporates amid private credit concerns
- US power prices climb 61% faster than inflation as demand surges
- FCC approves EchoStar's sale of ~65 MHz of spectrum to SpaceX and additional 50 MHz to AT&T