WS #9660

The dominant signal in this window is the DOJ approval of Paramount's $111B acquisition of Warner Bros. Discovery, corroborated by Politico, Seeking Alpha, and multiple Bluesky sources. This is a high-significance media consolidation event that directly impacts PARA, WBD, and related tickers. Separately, SpaceX's IPO debut closed up ~19% at $160.95, giving it a ~$2T valuation, with MSCI adding it to standard and large-cap indexes. The Iran nuclear deal narrative continues to escalate, with US officials 80-85% confident of an MOU within days and UAE committing $10B in funds to Iran. This has second-order effects on oil prices and geopolitical risk. Dell insider cluster sell of $12.3M over 7 days is a bearish signal for DELL. The Children's Place Q1 earnings miss (EPS -$2.00 vs -$1.10 estimate) is a negative for PLCE. Dark pool alerts show large institutional activity in SPYM ($841M) and AVGO ($570M).