US NEC Director Hassett says energy prices will drop once the Strait of Hormuz is open, remarks via Fox Business; stock market is celebrating because productivity is so high

ENERGY PRICES

• Consumers should feel falling oil prices "right away"; falling prices will be felt once the Strait of Hormuz reopens.
• The price of gasoline has to come down.

INFLATION

• "For sure" inflation will come down by year-end.

AI

• The government is keeping an eye on new AI models.

OTHERS

• Sees onshoring from drug firms and electricity infrastructure.