WS #8942
No material new developments in the last 30 minutes. The dominant signals from the previous synthesis remain unchanged: House passage of Iran War Powers Resolution, SpaceX IPO valuation, Fed Beige Book inflation, Broadcom decline, CrowdStrike results, Alphabet capital raise, Ukraine oil terminal strike, and elevated oil prices. No counter-signals or de-escalation developments have emerged.
Key developments
- House passes Iran War Powers Resolution 215-208, directing Trump to end hostilities
- SpaceX targeting $1.77 trillion IPO valuation
- CrowdStrike reports record net new ARR, first positive GAAP net income, announces 4-for-1 stock split
- Alphabet upsizes capital raise to $84.75B from $80B
- Ukrainian drones hit St. Petersburg oil terminal ahead of Russia's economic forum
- Broadcom continues decline post-earnings, down ~12% in after-hours