WS #8588
No material new developments in the last 30 minutes. The Russia-NATO escalation narrative remains the dominant theme but has not escalated further within this window. No counter-signals or de-escalation signals detected.
Key developments
- Russian drone strikes apartment building in Romania; NATO may invoke Article 4
- Trump considers cancelling Freedom 250 concerts after mass artist withdrawals
- META bearish thesis: -30% short over 12 months due to AI capex destroying ROIC and FCF