WS #12353
No material new developments in the last 30 minutes. The US-Iran conflict remains escalated with no new attacks or diplomatic breakthroughs. The AI trade rotation and Abbott earnings carry forward unchanged.
Topics
Key developments
- Iran attacks US allies (Kuwait, Bahrain, Jordan) targeting civilian infrastructure; US strikes Iranian bridges and power plants
- China's Moonshot AI releases Kimi K3 open-source model, triggering AI trade rotation from semiconductors to hyperscalers
- Apple overtakes Nvidia as world's most valuable company amid AI rotation
- Apple files lawsuit against OpenAI for alleged trade secret theft
- Abbott Laboratories reports Q2 beat-and-raise, revenue up 13% YoY
- Iran's Supreme Leader issues written message calling US commitments 'worthless and invalid'
- Kuwait oil facility and power plant hit by Iranian strikes, injuries reported
- GCC chief condemns Iranian attacks on civilian infrastructure as 'war crimes'