WS #10658

A massive earthquake in Venezuela (7.5 magnitude) has caused building collapses and casualties, with interim President Rodriguez declaring a state of emergency and thanking Trump for support. This is a humanitarian crisis with limited direct US market impact, but could affect energy sentiment given Venezuela's oil production. Separately, Micron's blowout earnings (EPS $25.11 vs $20.49 estimate, revenue $41.46B vs $35.69B) have revived the AI trade, with SK Hynix jumping 12% and Nasdaq futures rising 1.8%. Anthropic has accused Alibaba of illicitly extracting Claude AI capabilities, which could escalate US-China tech tensions. Trump has ordered an investigation into big oil firms for price gouging, naming Chevron, ExxonMobil, Shell, and BP. The Anthropic-Alibaba story and Trump's oil investigation are new developments that could move specific tickers. The Venezuela earthquake is a tragic event but its market impact is likely limited to potential oil supply disruptions. The Micron earnings are a strong positive for the AI/semiconductor sector.