Highlights:

• The Anti-War Democrat Courting MAGA Voters — California Representative Ro Khanna argues that spending on the Iran war represents wasteful resources and notes growing pressure on Trump from his own supporters over the conflict. Bloomberg Markets

• Palantir AI System Wins Key Pentagon Status — The US Defense Department will establish Palantir Technologies' Maven AI system as a "program of record," accelerating Pentagon integration of the technology into combat operations. Bloomberg Technology

• Iran Says Ready to Let Japan Vessels Use Hormuz — Iranian Foreign Minister Abbas Araghchi stated the nation will allow Japanese-related vessels to pass through the Strait of Hormuz following consultations between officials. Bloomberg Markets

• Super Micro Makes Changes After Smuggling Scandal Crushes Stock — Super Micro Computer is strengthening compliance operations after a smuggling scandal erased roughly one-third of the company's market value. Bloomberg Technology

• Polymarket's Latest Pop-Up Is a Sports Bar for Watching the News — Polymarket opened a promotional bar near the White House to showcase prediction markets as entertainment for betting on current events. Bloomberg Technology

• US Allows Sale of Stranded Iran Oil to Cap Fuel-Price Rises — The US Treasury permitted the sale of Iranian oil and petrochemical products loaded on tankers as part of efforts to counter rising oil prices from Middle East conflict. Bloomberg Markets

• Wall Street Week | Fed on Iran War, AI Expectations — The Fed held rates steady amid anticipated uncertainty and higher prices from the Iran war, while AI advances face real-world limits that may slow industry transformation. Bloomberg Markets

• Blackstone Private Credit Fund Has First Monthly Loss Since 2022 — Blackstone's flagship private credit fund posted its first monthly loss in over three years, signaling weakening performance in the $1.8 trillion market. Bloomberg Markets

• Netflix Grows Live Event Strategy With BTS Comeback Spectacular — Netflix is hosting a livestreamed BTS comeback performance in Seoul expected to draw millions of viewers as part of its expanded live events strategy. Bloomberg Markets

• First US Oil Barrels From Emergency Release to Hit Market — The first oil from President Trump's planned 172 million-barrel emergency release is set to begin flowing as part of efforts to manage fuel prices. Bloomberg Markets