WS #11011
No genuinely new material developments in the last 30 minutes. The previous synthesis remains current with no counter-signals or de-escalation to report.
Topics
Key developments
- Supreme Court blocks Trump's attempt to fire Fed Governor Lisa Cook (5-4), affirming Fed independence
- Rocket Lab to acquire Iridium for $8B in cash and stock; RKLB +9%, IRDM +21%
- Comcast announces spin-off of NBCUniversal and Sky; CMCSA +6%
- Alphabet joins Dow Jones Industrial Average; shares +4% but AI execution concerns remain
- Small caps outperform S&P 500 by widest margin since 2003; rotation from AI hyperscalers to infrastructure