WS #8947

The dominant signal in this window is the US House passing a War Powers Resolution (215-208) to block Trump from ordering further strikes on Iran, a rare bipartisan rebuke. This is corroborated by multiple sources (Al Jazeera, Axios, NBC, multiple Bluesky posts) and represents a significant escalation in congressional-executive tension over the Iran war. Separately, reports of a US-brokered ceasefire between Israel and Lebanon have emerged, with Axios and ABC News reporting agreement conditioned on Hezbollah steps, though Hezbollah does not recognize the talks. This counters the prevailing escalation narrative in the Middle East. On the corporate front, Palo Alto Networks (PANW) beat earnings estimates (EPS $0.85 vs $0.80, Rev $3B vs $2.94B) but CrowdStrike (CRWD) saw its stock fall despite beating estimates, indicating sector rotation. Costco (COST) reported strong May sales (+14.5%, e-commerce +21.1%). Nvidia (NVDA) acquired enterprise AI firm Kumo for at least $400M. Meta (META) is considering pricing its 'Hatch' AI agent at up to $200/month. Treasury Secretary Bessent vowed to advance a Strategic Bitcoin Reserve and urged Congress to pass the CLARITY Act. Ukrainian drones struck an oil terminal in St. Petersburg, escalating the Russia-Ukraine conflict. The House vote on Iran is the highest-significance development, with potential to de-escalate military risk and reduce oil supply disruption fears.