WS #7452

The data dump is overwhelmingly noise—sports bets, Eurovision polls, routine political commentary, and stale headlines. The only actionable signals are: (1) Nextera Energy (NEE) and Dominion Energy (D) are in talks to merge, per the Financial Times, which would create a $400BN utility giant—this is a high-significance M&A event for the utilities sector. (2) The U.S. is probing BlackRock's (BLK) private credit fund after a loan portfolio write-down, which could pressure BLK and the broader private credit space. (3) India hiked fuel prices for the first time in four years, a policy shift that could impact Indian energy stocks and global oil demand expectations. (4) SpaceX is planning to price its IPO as early as June 11, which could be the largest U.S. IPO ever—this is a major event for space/defense and IPO markets. (5) Cathie Wood bought more CBRS (Cerebras Systems) for the second straight day, rotating out of TSM, AMD, TER—a signal of conviction in the AI wafer-scale chip IPO. (6) CrowdStrike (CRWD) insiders sold shares at ~$556-580, which could be a bearish signal for the stock. The Iran/Israel conflict narrative remains stable with no new escalation or de-escalation. The prevailing macro themes (Iran war, oil prices, Fed rate cuts) are unchanged from prior awareness.