WS #5833

The data dump reveals several high-significance developments. Geopolitical tensions remain elevated: the US is reportedly considering suspending Spain from NATO over lack of support in the Iran conflict, and a leaked Pentagon memo also suggests reconsidering US support for the UK on the Falklands. China's embassy in Iran issued a second evacuation warning for its citizens, mirroring a similar advisory issued ahead of previous US-Israeli strikes. Iran's Foreign Minister is traveling to Pakistan, Oman, and Russia for diplomatic meetings, indicating ongoing diplomatic efforts. On the corporate front, Intel (INTC) is set for a historic gain after beating earnings expectations, with RBC Capital raising its price target to $80. Qualcomm (QCOM) is up 10% in pre-market. AMD is also up double-digits. Procter & Gamble (PG) reported a double beat on earnings and revenue, jumping 4%. The IEA warned that LNG production will remain tight through 2027 due to infrastructure damage in Qatar, supporting energy prices. Oil prices are falling on news of a Jones Act extension, countering some of the bullish energy thesis. The FDA announced accelerated actions on psychedelic treatments for mental illness, issuing priority vouchers to three companies. Meta agreed to deploy millions of Amazon AI chips in a deal worth billions, signaling continued AI infrastructure investment. The S&P 500 workforce shrank in 2025 for the first time since 2016, a potential headwind for consumer spending. Chevron CEO warned air travel will get worse due to Hormuz crisis pushing fuel costs higher, bearish for airlines. Novo Nordisk shares rose after positive oral semaglutide trial in children. The EU anti-fraud office opened an investigation into Peter Mandelson over Epstein links. The Zondacrypto CEO has gone off radar as Poland probe deepens, a crypto-specific risk. Overall, the market is seeing a tech-led rally (semiconductors) while other sectors are flat to down, with geopolitical risks and energy costs weighing on broader sentiment.