Barclays upgraded the European luxury goods sector to Overweight and downgraded the European pharmaceuticals sector to Underweight.

Semafor reports Trump's advisers are considering structures for potential AI equity stakes.

According to Axios, President Trump on Wednesday announced and signed an Iran agreement Israeli officials call a strategic and political disaster. Prime Minister Netanyahu — who had vowed Israelis a "comprehensive victory" over Iran — has remained publicly silent, accepted Trump's memorandum of understanding and continued presidential criticism with Israel's election four months away. Netanyahu says the deal is wrong and advocates continuing the war against Iran, but is largely internationally isolated; even the previously hardline UAE has shifted to support the pact. In Washington, Republican and media allies are reluctant to repudiate a Trump‑endorsed agreement, making a repeat of Netanyahu's 2015 congressional gambit unlikely. Israeli officials are airing strong concerns only in background briefings, and outlets once firmly pro‑Netanyahu/pro‑Trump have begun criticizing Trump and his team.