WS #6069

The key market-moving development in this window is the confirmation of Microsoft and OpenAI partnership restructuring, with Microsoft falling as it will no longer pay revenue share to OpenAI. This is corroborated by multiple sources (SeekingAlpha, Bloomberg, social media) and directly impacts MSFT sentiment. Separately, Qualcomm stock surges 13% on reports linking the chipmaker to an OpenAI project, a positive signal for QCOM. The Microsoft-OpenAI breakup is seen as positive for Amazon and Google, as it may reduce competitive pressure. Brent crude passed $107/bbl, with a social media post confirming the level, and the Hormuz disruption continues to fuel inflation fears. US officials are convening on resuming military strikes against Iran as ceasefire agreement expires, escalating geopolitical risk. Shell's acquisition of ARC Resources is confirmed with details of $13.6B deal. Bitcoin funds took in $933 million as crypto ETFs hit highest AUM since February. Eli Lilly offers up to $2.3B for Ajax Therapeutics, continuing its M&A spree. The Fed meeting ahead is the next major catalyst, with prediction markets highlighting what Powell may signal. The China-Meta Manus deal block is already covered in previous awareness and is not new.