WS #6557
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran conflict in the Strait of Hormuz, which is ESCALATING, and Ukraine's strikes on Russian oil infrastructure. No counter-signals or non-dominant-narrative developments have emerged.
Key developments
- US sinks six Iranian boats, Iran strikes UAE facility; Hegseth says ceasefire not over
- Ukraine strikes Kirishi and Tuapse refineries, causing oil spills and fires
- PayPal shares drop 10% as CFO warns of Q2 pressure despite $1.5B AI cost savings
- DigitalOcean surges 18% on Q1 beat, raised FY26 guidance
- Intel rises 12%, adding $55B to market cap
- Ferrari CEO: no abnormal order cancellations, flat Middle East deliveries, prepared for tariffs
- Michael Burry sells entire GME stake after eBay bid; shares fall 10%
- Amazon rolls out Supply Chain Service, competing with UPS and FedEx