WS #7790
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: geopolitical de-escalation in the Strait of Hormuz, Samsung strike avoidance, and corporate earnings mixed. No new counter-signals or non-dominant-narrative developments detected.
Key developments
- Saudi Arabia welcomes US efforts to restore Strait of Hormuz security, urges Iran to respond to mediation
- Samsung union suspends planned strike, signs tentative pay deal
- Intuit cuts 3,000 jobs (17% of workforce) to focus on AI
- Target beats Q1 earnings but cautious Q2 outlook sends shares down ~7%
- Oil prices fall over 2% as diplomatic efforts ease Strait of Hormuz tensions
- Trump says 'in no hurry' on Iran, 'will give this one shot'
- ASML CEO expects tight chip supply amid soaring AI demand
- Wells Fargo raises Marvell Technology price target to $195