PBOC SETS MIDPOINT FOR USD/CNY AT 6.8911, DOWN 32 PIPS

MOONSHOT FOUNDER (KIMI AI CREATOR): SCALING UP HAS BEEN A CRUCIAL FOUNDATION FOR THE DEVELOPMENT OF THE AI INDUSTRY IN TECENT HEARS

- President Donald Trump said yesterday that U.S. and Iran held “productive” talks and that both countries want to “make a deal.” The Dow Jones Industrial Average soared more than 600 points yesterday, while the S&P 500 and Nasdaq Composite each added more than 1%. - The oil market has been volatile since the Iran war began, but Chevron CEO Mike Wirth said yesterday that there may be more upward price pressure on the horizon. - Gap and Google are teaming up. CNBC’s Gabrielle Fonrouge reported this morning that the retailer will soon offer checkout within Google’s Gemini artificial intelligence platform. - In a 54-45 vote last night, the Senate confirmed Sen. Markwayne Mullin as the next chief of the Department of Homeland Security. The Oklahoma Republican succeeds Kristi Noem, who Trump fired earlier this month.