WS #6346
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: US-EU trade tensions escalated with Trump's 25% auto tariff, countered by exemptions for US-built vehicles; Iran situation mixed with oil falling; Spirit Airlines bailout uncertain; Apple's earnings powering markets; Pentagon AI deals confirmed; Meta's robotics acquisition; EU-Mercosur deal in force. No counter-signals or de-escalation observed.
Key developments
- Trump raises EU auto tariffs to 25% next week, citing non-compliance
- Trump says not satisfied with Iran's peace proposal; oil falls 3%
- Spirit Airlines prepares to shut down; Trump offers final bailout with 90% equity warrant
- Apple beats Q2 estimates with $111.2B revenue, record margins; stock up 2% after hours
- Pentagon signs AI deals with Google, OpenAI, Nvidia, Microsoft, Amazon, SpaceX for classified networks
- Meta acquires Assured Robot Intelligence for humanoid robotics
- EU-Mercosur trade deal enters provisional force after 26 years