WS #5970

A shooting incident at the White House Correspondents' Dinner has dominated the news cycle in the last 10 minutes. President Trump was evacuated by the Secret Service after shots were fired; the suspect was apprehended and identified as a California teacher. Trump confirmed the suspect was armed with multiple weapons and that a Secret Service officer was shot but is in good condition. The FBI Counterterrorism Unit is leading the investigation. This event is likely to increase volatility in defense and security-related stocks in the near term, while broader market indices may see a brief risk-off reaction. Separately, Trump cancelled a planned US envoy trip to Pakistan for Iran talks, citing Iranian leadership infighting, which dampens hopes for de-escalation in the Iran conflict and keeps oil supply risks elevated. Google announced a $40 billion investment in Anthropic, signaling continued AI arms race and boosting sentiment for AI-related tech stocks. Lockheed Martin CEO called the Trump administration a 'golden opportunity' for defense contracting, reinforcing a bullish outlook for defense stocks amid ongoing Middle East conflict.