WS #7644

The dominant narrative in this window is the resolution of the Elon Musk vs. OpenAI trial, with a jury unanimously ruling against Musk on statute of limitations grounds, clearing OpenAI and Sam Altman of liability. This is a positive catalyst for AI sentiment and removes a key overhang for OpenAI's for-profit structure and Microsoft's involvement. Separately, Michael Saylor revealed a $2B Bitcoin purchase by Strategy (24,869 BTC at ~$80,985), a bullish crypto signal. Japan's Finance Minister Katayama issued multiple statements on forex volatility and G7 coordination on critical minerals, signaling intervention risk. The Iran situation remains fluid with Trump's 'Iran knows what’s coming' rhetoric and a new Iranian proposal for a deal, but a pessimistic source in Pakistan suggests no breakthrough. The US extended Russian oil sanctions waiver to ease supply squeeze. Apple is poised to unveil iOS 27 at its June developers conference, a positive catalyst for AAPL. The prevailing macro theme is ESCALATING geopolitical risk (Iran) partially offset by the Russian oil waiver and the OpenAI verdict.