Good evening, you're listening to Markets Desk.
Palo Alto Networks surged twelve percent in after-hours trading after the cybersecurity giant posted an earnings beat and delivered guidance that reassured a market still nursing wounds from February's disappointment. The move signals renewed confidence in enterprise security spending, with analysts revising their posture on the name heading into next quarter.
Shifting to energy, crude is drifting lower as diplomatic signals out of Washington suggest a US-Iran peace framework may be taking shape. July West Texas Intermediate slipped a fraction, reflecting the market's calculus that a deal could lift Iranian supply back into global markets and cap the recent geopolitical risk premium that had been supporting prices.
And in Washington, President Trump signed a revised artificial intelligence vetting order that grants the federal government early access to frontier AI models, though the final directive was notably softened after internal Republican disagreement. The watered-down language reflects the genuine tension inside the administration between national security hawks and those wary of over-regulating a sector where American firms currently hold a commanding lead.
That's the tape. Markets Desk, signing off the floor.
