The U.S. conducted 'proportional' strikes on Iranian air defense and surveillance sites after Iran downed an American helicopter. Iran retaliated by attacking U.S. bases in Bahrain, Kuwait, and Jordan, raising fears of a wider conflict despite President Trump's stated belief that a peace deal is still possible.
Despite escalating tensions in the Middle East, financial markets have remained relatively focused on other factors like the AI trade. However, an analyst suggests this confidence may be misplaced, warning that the market is not fully pricing in the risk of a prolonged conflict and should anticipate rising volatility.
Primary results from states like Maine and South Carolina reveal key political dynamics. In Maine, a progressive candidate won the Democratic Senate primary despite scandals, while in South Carolina, Donald Trump's endorsements proved influential in shaping the outcome of Republican races.
The episode covers major business stories, including the heavily oversubscribed SpaceX IPO and the EU's regulatory review of the $110 billion Paramount-Warner Bros. Discovery takeover. Separately, the Gates Foundation is conducting an external review of Bill Gates' ties to Jeffrey Epstein.
Keep pulling the thread on Terry Haynes.