WS #11621
No material new developments in the last 30 minutes. The Strait of Hormuz crisis remains the dominant narrative with no de-escalation signals. Penguin Solutions' earnings beat continues to be a positive counter-signal to tech weakness, but no new data points have emerged. The situation is STABLE relative to the previous window.
Topics
Key developments
- US revokes Iran oil waiver after tanker attacks in Strait of Hormuz
- Penguin Solutions Q3 beat and raised guidance on AI demand
- L'Oréal and Kering finalize 50-year Gucci beauty license; Coty receives ~$400M
- FuelCell Energy launches $200M stock offering
- EU to cut tariff-free steel imports by 47%