Trump said US Middle East special envoy Witkoff is working to reach an agreement with Iran and has made very good progress.

The Atlantic reports the White House is seeking to develop strike plans against Iran ahead of the US midterm elections.

Joachim Klement, market strategist at Panmure Liberum in London, warned the AI-driven investment boom could unwind as early as 2027–28 and spark the worst S&P 500 sell-off since the 2008 financial crisis. "My core view is that the AI bubble will burst in 2027 or 2028 — sometime within the next two years," he said, citing hyperscalers' free cash flow being effectively depleted and rapidly rising borrowing costs as key vulnerabilities. Klement sets an end-2027 S&P 500 target of 5,000, implying roughly a 36% drop from current levels.