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Oil is getting hit hard today, dropping more than four percent after President Trump signaled that nuclear talks with Iran are progressing in what he called a constructive manner. Trump suggested a deal touching on the Strait of Hormuz was largely negotiated and nearing announcement, which immediately eased supply-risk premiums that had been baked into crude prices.
Shifting to tech hardware, the smart glasses space is heating up fast. Alphabet and Samsung are both moving aggressively into the category, signaling what analysts are calling a hardware supercycle. That puts pressure on Meta, which had enjoyed an early mover advantage through its partnership with EssilorLuxottica, and raises real questions about who ultimately owns this emerging consumer platform.
And staying in the AI orbit, a troubling pattern is drawing serious attention from researchers and publishers alike. AI hallucinations are now finding their way into peer-reviewed academic work, with fabricated citations and distorted references quietly entering the permanent scientific record. The case of a Columbia nursing professor whose submitted paper contained AI-generated phantom references is just one example of how widespread the problem has become.
That's the tape. Markets Desk, signing off the floor.
