WS #7664
No material new developments in the last 30 minutes. The dominant narratives from the previous window remain unchanged: the San Diego shooting is a domestic crime event with no market impact; the Iran Strait of Hormuz situation is de-escalating; oil supply fears are countered by SPR releases; and the Elon Musk/OpenAI lawsuit dismissal is stale. No new counter-signals or non-dominant-narrative developments have emerged.
Key developments
- Trump authorizes but holds off on new Iran strikes; Iran effectively closes Strait of Hormuz
- Jury dismisses Elon Musk's lawsuit against OpenAI
- SEC expected to release innovation exemption for tokenized stocks this week
- US DOJ drops fraud charges against Gautam Adani after $10B US investment pledge
- Akamai seeks $2.6B in convertible bonds for cloud infrastructure
- Apple modeled as mispriced at 18x P/E with iPhone share gains from Samsung delays
- Trump announces expansion of TrumpRX discount drug pricing scheme
- US imposes 21-day travel ban for foreigners from Congo, Uganda, and South Sudan amid Ebola outbreak