WS #7809

The dominant signal in this window is the confirmed OpenAI IPO filing, corroborated by Reuters, CNBC, Bloomberg, FT, and multiple social media sources. OpenAI is preparing to confidentially file as soon as Friday, targeting a listing as early as September, with a valuation north of $1 trillion. This is a high-significance development for tech and AI-related tickers. Separately, the US-Iran situation shows escalation: US Marines boarded an Iranian-flagged oil tanker in the Gulf of Oman, and Iran's foreign ministry responded with demands for an end to 'piracy' and a halt to all fighting including in Lebanon. Over 160 oil tankers remain stuck in the Gulf. The US also indicted former Cuban President Raul Castro, adding geopolitical noise. On the macro side, Treasuries surged on optimism about a US-Iran deal, and oil prices dipped. Utility shares surged on PJM's accelerated data center timeline. TJX reported strong earnings and raised guidance, confirming consumer resilience in off-price retail.