Unicus

BREAKING: Iran directly rejects Trump's claim that Hormuz "will be opened" as part of a "largely negotiated" agreement he just posted on Truth Social, saying Trump's claim is "far from the truth" and that Hormuz "will remain under Iranian management" with Iran retaining exclusive permanent authority over route, timing, method, and permits, per Fars. Iran also confirms the nuclear file has not been discussed and that American officials themselves have told Iran in multiple messages that "Trump's tweets are primarily for domestic American propaganda and media consumption" and "should be disregarded." The "largely negotiated" deal claim therefore has no basis.

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Iran is now claiming to be in the “final stage” of talks with the Trump admin.

BREAKING: The US and Iran are closing in on a deal that would extend their ceasefire by 60 days and lay the framework for discussions on Iran's nuclear program, mediators say. Details include: 1. This would include a "gradual reopening" of the Strait of Hormuz 2. It would also include a commitment to discussing the "diluting or handing over" of Iran's highly enrich uranium 3. The US would ease its blockade of the Strait of Hormuz and agree to sanctions relief 4. The US would also begin a phased unfreezing of Iran's assets Both sides are nearing a "memorandum of understanding" to extend a ceasefire.

The president posts an image of Iran as a US state

BREAKING: Trump and Warsh are reportedly set to announce a surprise 25bps intermeeting rate cut at the White House today to kick off the “Warsh era” with the right vibes. Source: Axios and an Iranian official.

TRUMP: WE WILL GROW OUR WAY OUT OF DEBT

The $1.5 Billion reported hit from MFS’s insolvency “Its complicated funding structures are now being pored over in the bankruptcy courts, with roughly a dozen financial services firms in the U.S. and Europe exposed to the debacle. It has led to greater regulatory scrutiny of banks' interconnectedness with specialist lenders and private credit funds….” CNBC reports: HSBC - $400 million (loss) Barclays - $308 million (loss) Santander - $267 million exposure Financial Times reports estimated exposure below Elliott Management's $232M Jefferies about $119 million Wells Fargo's - $166 million Avenue Capital - $113 million Castlelake - $81 million

JUST IN: Standard Chartered faces regulator questions after its CEO’s “lower-value human capital” remarks.

⚠️ This is a bank quietly telling you what it thinks comes next. When the bank that built the infrastructure starts transferring the risk, it's time to finally wake up!

Marc Andreessen on JRE: AI hasn't replaced coders. It turned them into vampires. "The opportunity cost of going to sleep is too high because if you go to sleep, you won't be with your 20 AI coding agents."

BREAKING: An Iranian source close to the negotiating team says claims of a "final draft" US-Iran agreement are false, the talks are in "permanent deadlock," due to the US insistence on nuclear negotiations, Iran has "no desire to even continue negotiations," and the "conflict could start at any moment." Iranian Foreign Ministry spokesperson Esmail Baghaei has also called today's claims of nuclear discussion "merely media speculation."

Jeff Bezos has said that "AI isn’t coming for your job; it’s coming to upgrade it," per YF

BREAKING: The final draft of the US-Iran agreement has been reached with the mediation of Pakistan, which is expected to be announced within the next few hours, per Iranian State media.