WS #10713
No material new developments in the last 30 minutes. The dominant narrative remains the Strait of Hormuz escalation and Apple selloff, with no counter-signals or de-escalation emerging. Routine data continues but does not alter the prevailing market-moving themes.
Topics
Key developments
- Strait of Hormuz shipping halted after suicide drone strike on cargo ship
- ON Semiconductor to acquire Synaptics in $7B all-stock deal; ON shares fall 7.4% AH
- Apple stock drops 6%+ on MacBook/iPad price hikes due to AI memory costs, losing $263B market cap
- Massive dark pool orders: $941M IVV, $941M VOO, $147M QQQ signal institutional accumulation
- US Senate passes war powers resolution to end Iran conflict
- OpenAI leans toward delaying IPO to 2027; Trump admin asks to stagger model release
- Rocket Lab selected by NASA for two missions; stock up 5% AH