WS #6353
No material new developments in the last 30 minutes. The trade tariff escalation, Spirit Airlines shutdown, Iran tensions, and Apple price target raise remain the dominant signals, with no counter-signals or de-escalation emerging.
Key developments
- Trump announces 25% tariff on EU autos, escalating trade war
- Spirit Airlines preparing to shut down as bailout fails
- White House notifies Congress Iran hostilities terminated, but Hormuz remains closed
- TD Cowen raises Apple price target to $335, maintains Buy
- Pentagon signs AI deals with Nvidia, Microsoft, Amazon, Google, OpenAI, SpaceX