WS #8723
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran conflict and oil price spike, with no counter-signals or de-escalation. Berkshire Hathaway's acquisition of Taylor Morrison and IREN's GPU financing are ongoing but unchanged. No new data points to update the previous synthesis.
Key developments
- Iran shoots down US MQ-1 drone and fires ballistic missiles at US forces in Kuwait; three US THAAD systems destroyed
- Barry Diller's People Inc. preparing $18B cash bid for MGM Resorts at $48.30/share
- Strategy (MSTR) sells 32 BTC for $2.5M, first disclosed bitcoin sale
- Russia bans jet fuel exports through November 30 after record refinery attacks
- Nvidia enters PC market with new processor; CoreWeave brings up Vera Rubin NVL72
- Berkshire Hathaway acquires Taylor Morrison Home Corp for $6.8B all-cash
- Goldman Sachs raises Dell price target to $500; Bernstein raises to $500
- France's navy boards Russia-linked oil tanker in military operation ordered by Macron