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Iran’s Supreme Leader ordered near-weapons-grade uranium to stay inside Iran — it cannot be sent abroad. Trump rejected Tehran’s proposed Hormuz toll system: “We want it free, we don’t want tolls.” Oil jumped toward $101 on the uranium news, then settled at $96.35 as talks stalled. Reuters
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The 30-year Treasury yield hit 5.19% this week — highest since before the 2008 financial crisis. It eased back to 5.09% by Thursday’s close as oil pulled back. Rates retreated. But 5.19% happened, and the bond market logged it. BBG
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The Senate GOP revolted over a $1.776 billion DOJ fund to pay claimed abuse victims. Trump’s June 1 deadline for the $72 billion immigration enforcement package is gone. One senator called the fund “a payout pot for punks.” AP
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Ukraine’s SBU said it found depleted uranium inside a Russian Geran-2 drone shot down in April. Fragments showed radiation at 12 μSv/h — significantly above normal, per SBU investigators. Russia has not commented. Ukraine has opened a pre-trial investigation. Reuters
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Trump reversed last week’s cancellation and announced 5,000 US troops heading to Poland. The Pentagon was reportedly blindsided by both the cancellation and the reversal. NATO foreign ministers are meeting in Sweden today. The announcement landed overnight. Axios
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Iran’s new “Persian Gulf Strait Authority” mapped a Hormuz control zone. It claims jurisdiction extending to UAE territorial waters. The UAE called the claim “fragments of dreams.” No country bordering the Strait has endorsed Iran’s authority there. BBG
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Rove’s WSJ op-ed: Trump’s 39.8% approval is “dangerously low” — worst of his second term. Democrats lead on the generic ballot by 6.6 points in Nate Silver’s average. Rove’s advice: stay off the campaign trail and let Republicans distance themselves. WSJ
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The Senate left for Memorial Day recess without passing the $72 billion immigration enforcement package. Asked if he’d lost control of Senate Republicans, Trump told reporters: “I don’t know. I really don’t know.” AP
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Walmart beat Q1 revenue and reiterated full-year guidance. Fuel costs hit distribution margins by 250 basis points; shares fell about 7%. Tariffs get the headlines. Fuel is quietly inside every cost line too. CNBC
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The White House plans $2 billion in grants to nine quantum computing firms. The government takes equity stakes; Rigetti surged 31%, D-Wave 22%, IonQ 9%. The government discovered venture capital. The market approved. WSJ
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