US Treasury Secretary Bessent says that the average tax refund 11% higher versus last year

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The text of the possible memorandum of understanding between US and Iranhas not been finalized and confirmed to this point, Tasnim reports

Anthropic has raised USD 65bln in a Series H funding round at a post-money valuation of USD 965bln, Bloomberg reports

US Treasury Secretary Bessent says that the average tax refund 11% higher versus last year

UBer (UBER) says it has exposure to around 37% of Delivery Hero (DHER GY), with a total cost basis in the low EUR 30s

Southwest (LUV) executive says business revenue was higher in April and May

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  • Oil prices will be lower than pre-conflict levels.
  • Was asked about today's inflation and said he is looking through most of it.
  • Almost 2,000 ships are waiting to come out of the Gulf and the oil market is set to be very well supplied.
  • President Trump has said he's got several red lines, and Hormuz has to be free and open.
  • Says he will not preview the Iran deal, nothing is on the table until the Strait is reopened
  • Says Oman assured him that there are no plans to toll the strait
  • Economy is facing challenges but unemployment is low, consumer spending is firm and tax refunds are up.
  • On Iran, US has been patient, will continue defensive actions in Iran.
  • Everything done thus far has been defensive.
  • Patience with Iran is not forever.

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