WS #8424

The dominant theme in this window is the US-Iran situation, which is ESCALATING despite a fragile ceasefire. Multiple sources (BBC, Al Jazeera, AP, Bloomberg, Axios, i24 News, Reuters) report conflicting signals: a missile strike on Kuwait that the US calls an 'egregious ceasefire violation', US strikes on Bandar Abbas, and a warning from Treasury Secretary Bessent that Oman will be penalized for facilitating tolls in the Strait of Hormuz. However, Axios reports that a deal has been reached but needs Trump's final approval, while i24 News says Khamenei has NOT accepted the MOU. This creates high uncertainty. Separately, a massive $9.97M block of MSFT calls was traded, signaling bullish conviction ahead of earnings. Keybanc raised MRVL price target from $130 to $260. Rivian faces a federal probe over suspension defects in 115,000 vehicles. Snowflake continues to see analyst upgrades following its blowout quarter. The Fed's Musalem flagged a potential rate cut scenario if growth slows and inflation falls, but also mentioned a rate hike scenario if disinflation stalls.