WS #7653

The dominant signal in this window is the de-escalation of US-Iran tensions. Multiple high-credibility sources (AP, CNBC, Axios, The Hill, Bloomberg, Al Jazeera) corroborate that President Trump has called off a planned military attack on Iran scheduled for Tuesday, at the request of Gulf allies (Qatar, Saudi Arabia, UAE) to allow for negotiations. This is a significant counter-signal to the prevailing bearish geopolitical risk narrative, dampening fears of a near-term conflict that could spike oil prices and roil markets. The narrative arc is clearly DE-ESCALATING. Separately, Meta's layoffs are confirmed via an internal document seen by Reuters, with 10% of employees to be cut in three batches starting Wednesday. This is a carry-forward from prior awareness but now with specific execution details. Other notable items include: Sony reversing its PC game porting strategy for single-player titles, Google testing home listing ads that challenge Zillow, and a Boston federal jury awarding $885 million against Takeda Pharmaceuticals for delaying generic competition. The Iran de-escalation is the highest-significance item and will likely weigh on oil prices and boost risk assets in the near term.