IRAN-RUSSIA ALLIANCE DEEPENS AS ARAGHCHI VISITS MOSCOW

Iranian Foreign Minister Abbas Araghchi is in Russia for talks as military and political cooperation with Moscow deepens amid shared tensions with the U.S.

Since Russia’s war in Ukraine, the two countries have expanded
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RUSSIA'S PUTIN MEETS WITH IRAN'S ARAQCHI - IFX
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RUSSIA'S PUTIN SAYS HE GOT A MESSAGE FROM IRAN'S SUPREME LEADER - RIA
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STRAIT OF HORMUZ STILL VIRTUALLY CLOSED

Only 4 vessels passed through the Strait of Hormuz yesterday, according to Kpler shipping data, indicating the key waterway remains effectively shut amid Iranian restrictions. (arabtimes)

The sharp drop in traffic underscores ongoing https://t.co/uKPRXB4SGu
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RUSSIA'S PUTIN: RUSSIA WILL DO EVERYTHING THAT IS IN THE INTERESTS OF IRAN AND OTHER COUNTRIES IN THE REGION - RIA
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IRAN'S ARAQCHI: RELATIONS BETWEEN RUSSIA AND IRAN CONSTITUTE STRATEGIC PARTNERSHIP AND WILL CONTINUE TO STRENGTHEN - RIA
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IRAN'S ARAQCHI: THANKED PUTIN AND RUSSIA FOR SUPPORT - IFX
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*MICROSOFT WILL NO LONGER PAY A REVENUE SHARE TO OPENAI
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*MICROSOFT'S OPENAI LICENSE WILL NOW BE NON-EXCLUSIVE
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$MSFT - MICROSOFT EXTENDS DROP TO 4%
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GOLDMAN: FED CHAIR SHIFT UNLIKELY TO SPEED RATE CUTS

Goldman Sachs says a leadership change at the Fed—potentially Kevin Warsh—won’t quickly alter monetary policy.

Economist David Mericle notes a new chair may have limited influence if the Federal Open Market Committee remains
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MUSK VS ALTMAN OPENAI TRIAL BEGINS

Elon Musk’s $134B lawsuit against Sam Altman goes to court, alleging OpenAI abandoned its nonprofit mission.

The case pits two co-founders now leading rival AI ventures, both reportedly preparing for IPOs.

Prediction markets are split, with https://t.co/SlUNdohfTX
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🚨 DRONE ATTACK TARGETS IRANIAN OPPOSITION GROUP WEST OF SULAIMANIYA IN IRAQI KURDISTAN -SECURITY SOURCES
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TRILLION ENERGY: OIL SHOCK IS STRUCTURAL, PRICES SET TO STAY HIGH

Trillion Energy says the current oil surge is not temporary but a structural crisis likely to keep prices elevated long term.

The company points to disrupted Gulf supply and reduced flows through the Strait of
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WHITE HOUSE PRESS SEC BRIEFING 1PM ET TODAY
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BITMINE BUILDS $13.3B ETH TREASURY, TARGETS 5% OF SUPPLY

Bitmine Immersion Technologies reports $13.3B in crypto, cash, and investments, led by 5.08M ETH, 200 BTC, and $940M cash.

The firm holds 4.21% of Ethereum supply and aims for 5%, cementing its position as the largest ETH
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IRANIANS PUT FORWARD NEW PROPOSAL TO US, SOURCE SAYS

Iran has reportedly sent a new proposal to the U.S. that would reopen the Strait of Hormuz, but only after an end to the war and guarantees it will not resume, according to sources and regional reports.

Under the plan,
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SHORT SELLER BETS AGAINST U.S. LIFE INSURERS SURGE IN PAST YEAR, TOTAL VALUE OF SHORT BETS NOW AT OVER $5.3 BLN, ORTEX DATA SHOWS

SHORT BETS AGAINST INSURANCE FIRMS ACROSS THE GLOBE ROSE OVER 60% IN LAST YEAR TO OVER $31 BLN, S&P GLOBAL DATA SHOWS
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FED EXPECTED TO HOLD RATES AS STRONG US ECONOMY LIMITS CUTS

The Federal Reserve is likely to keep interest rates unchanged for the rest of the year, according to Russell Investments strategist Paul Eitelman.

He says resilient U.S. growth and persistent inflation
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*BILL ACKMAN’S PERSHING SQUARE IPO IS SET TO RAISE $5 BILLION
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