WS #6358
No genuinely new market-moving developments detected in the last 30 minutes. The dominant US-EU tariff escalation narrative remains stable with no new data points. Iran ceasefire situation is unchanged. No counter-signals or non-dominant-narrative developments emerged.
Key developments
- Trump announces 25% tariff on EU auto and truck imports, effective next week
- Trump tells Congress ceasefire means he does not need approval for Iran war; says not satisfied with Iran proposal
- Meta plans 10% workforce reduction, pauses Menlo Park development, faces EU charges
- Apple reports strong earnings, 99% iPhone 17 satisfaction, hints at major AI acquisition
- Spirit Airlines preparing to shut down; United and American prepare to support customers
- Oil prices fall 3% on Iran proposal but remain elevated; gas prices at 4-year highs
- Tesla generated $573M in revenue from SpaceX and xAI in 2025
- Reddit Q1 revenue jumps 69% YoY, guidance raised