WS #9619
No material new developments in the last 30 minutes. The dominant narrative remains the SpaceX IPO and US-Iran peace deal hopes, with no counter-signals or de-escalation to report.
Key developments
- SpaceX IPO begins trading on Nasdaq under SPCX at $135/share, valuing company at ~$1.77T
- Trump says US nearing deal with Iran, cancels planned strikes; oil falls, stocks rally
- Adobe stock slides 7.8% premarket to new 52-week low after Q2 earnings beat overshadowed by strategy shift and CFO departure
- Shell suspends $3B share buyback program due to ARC Resources shareholder circular
- Citi upgrades AMD to Buy/$575, citing emerging as legit second source in GPU market and likely to win lion's share at Meta
- CoreWeave, Astera Labs, Nebius Group, Rocket Lab, Teradyne added to Nasdaq-100
- IMF reaches staff-level deal with Ukraine, paving way for almost $700M in assistance
- India releases interim statement on Air India Boeing Dreamliner crash, significant progress in examination analysis