Welcome to Markets Desk, your midday read on the stories moving money and markets.
The biggest macro signal today comes from the geopolitical front, where the United States and Iran are reported to be nearing a deal to end hostilities. Officials in Pakistan described ongoing negotiations as encouraging, and if a framework holds, expect immediate pressure on oil prices and a relief bid across risk assets globally.
Shifting to immigration policy, the Trump administration announced a significant reversal of longstanding practice, requiring foreign nationals seeking green cards to leave the United States and apply from their home country. The change, which includes limited carve-outs for those offering economic benefit or serving the national interest, caught immigration attorneys and aid organizations off guard and carries real implications for the labor market, particularly in technology and healthcare sectors.
On the equity side, Micron Technology is drawing fresh attention from analysts who argue its valuation remains compressed despite explosive revenue and earnings growth tied directly to artificial intelligence infrastructure demand. The bull case is straightforward — memory is the bottleneck in the AI buildout, and Micron sits squarely at that chokepoint. Whether the multiple catches up to the fundamentals is the question every semiconductor investor is sitting with right now.
That's the tape. Markets Desk, signing off the floor.
