WS #6782

The dominant narrative remains the escalating US-Iran conflict, with new developments in the last 30 minutes: Iran has launched a third missile attack on the UAE this week, and Trump confirmed the ceasefire holds despite reciprocal attacks. Oil prices briefly topped $100 before retreating, and Bitcoin fell below $80,000 on risk-off sentiment. The Ukraine-Russia ceasefire is being violated by both sides, with over 1,000 violations reported. On the corporate side, several notable earnings: ANI Pharmaceuticals beat estimates and raised guidance, Essent Group beat, Brookfield Asset Management reported strong results, and Artiva Biotherapeutics reported positive clinical data. AI drove 67% of Q1 GDP growth, a record. The US-Iran situation is ESCALATING, with the Strait of Hormuz blockade and missile attacks adding to supply concerns. The Ukraine ceasefire violations are a DE-ESCALATION setback. The AI GDP data is a bullish macro signal for tech.