Ayatollah Mojtaba Khamenei issued a directive overnight: near-weapons-grade uranium stays inside Iran. Trump had assured Israel the uranium would leave as a condition of any peace deal. Mediators had a fresh framework on the table when the directive came down.Reuters
2.
SpaceX filed its S-1 overnight, targeting a valuation of $1.5 trillion or higher. Retail buyers on Robinhood, Fidelity, and Schwab get the same IPO price as institutions. That’s never happened at this scale before.CNBC
3.
Nvidia reported Q1 revenue of $81.6 billion, up 85% year over year. It beat the $79.2 billion estimate and guided Q2 at $91 billion. Stock slipped in premarket anyway. Iran was louder.CNBC
War & Conflict
4.
Trump backed off planned strikes and pushed Netanyahu toward a new Qatar–Pakistan ceasefire framework. One source described Netanyahu’s reaction after the call: “hair was on fire.” Trump told reporters the next day that Netanyahu “will do whatever I want.”WSJ
5.
Iran’s Revolutionary Guard Corps warned Wednesday that war will spread far beyond the region. The statement arrived as mediators were still working on a formal end-of-war agreement. ToI
6.
The UN warned Wednesday: six months to avert a food crisis from Hormuz. The strait carries roughly a fifth of globally traded food commodities. The window assumes the ceasefire holds.Reuters
Politics
7.
Senate Republicans said Thursday the ballroom security money is dead — no votes. The Senate parliamentarian had already ruled the provision violates reconciliation rules. “We’re going back to square one,” said Sen. John Kennedy.AP
8.
The Senate opened its vote-a-rama on the $72 billion ICE and border funding bill. Trump wants it signed by June 1. Democrats plan all-night amendment votes targeting the ballroom provision.Fox
Energy & Commodities
9.
WTI fell 5.7% Wednesday to $98.26 on Trump’s “final stages” declaration. The uranium directive reversed the slide; WTI climbed back above $101 before the open. Oil made a round trip in under 12 hours.Reuters
10.
US wheat production is on track for its worst harvest since 1972. Drought and elevated fuel costs have cut into yields across the southern plains. AP
