Good evening, this is Markets Desk with your top stories of the hour.
Geopolitical risk is back on the front burner as Iran has reportedly launched missiles at Israel, threatening to shatter the fragile ceasefire that has held since early April. Markets will be watching energy closely — any sustained escalation puts crude back in play and rattles risk appetite across equities and credit.
Shifting to the AI infrastructure trade, Google and Anthropic are expected to begin paying SpaceX nearly two point two billion dollars per month combined for compute capacity at SpaceX's data centers. That figure is staggering, and it signals that the demand for AI-related infrastructure has moved well beyond the hyperscalers into new and unexpected counterparties — which will sharpen investor focus on any eventual SpaceX public offering.
And on the media front, Scott Pelley is publicly accusing Bari Weiss of putting a thumb on the scale in favor of the Trump administration's version of events at CBS News. Pelley was fired after clashing with network leadership following Weiss's arrival post the Paramount-Skydance merger. The editorial independence question at a legacy news institution carries real reputational and advertiser risk.
That's the tape. Markets Desk, signing off the floor.
