WS #5832

The data dump reveals several high-significance developments. Geopolitical tensions remain elevated: US forces seized an Iranian-flagged ship attempting to evade the blockade, EU chief Costa called for immediate reopening of the Strait of Hormuz, and India is considering options on its Chabahar port stake amid US sanctions. On the corporate front, Procter & Gamble reported a double beat on earnings and revenue, while Microsoft offered voluntary retirement to 8,750 US employees. DeepSeek previewed its V4 AI model, claiming it nearly closes the gap with frontier models. AMD received a major upgrade from DA Davidson (price target raised to $375, upgraded to Buy). Cohere is acquiring Aleph Alpha in a deal valuing the combined company at ~$20B. Oil prices are falling on news of a Jones Act extension, countering some of the bullish energy thesis from the previous window. The EU chief's call for Strait of Hormuz reopening and the US ship seizure indicate ongoing escalation but with diplomatic efforts. The India-Chabahar story is evolving with multiple options being considered, suggesting potential de-escalation on that front.