Fed Governor BOWMAN said regulators must tailor supervisory measures to each institution's risk profile. Banks vary widely in size, systemic importance, complexity and risk.

European Commission launches "Gaza Team Initiative", pooling €883.6 million in fiscal contributions.

Reports that Apple’s foldable iPhone orders were raised to about 10 mln units—above prior market estimates of 7–8 mln and Counterpoint’s 6–7 mln—appear driven by supplier-level stocking and capacity reservations rather than a firm sales commitment. Industry sources say reported “orders” may mix finished‑device targets, component pre‑buys and capacity held for H2 2026; higher component procurement can reflect hedging for yield, delivery and ramp risks and does not equal end‑market demand. Market implication: the news reinforces a thematic catalyst for the Apple supply chain but, absent corroborating evidence such as panel, hinge allocations or concrete assembly schedules, it should be read as a supply‑side pressure test rather than proof Apple has opened a new hardware growth cycle.