The Iran shock drives oil prices up by almost 3% and sends Wall Street and DAX into the red, while Fed Chair Warsh raises the probability of a rate hike to 57% – SLB enters the AI cooling market and NVIDIA solidifies its AI ecosystem – Chevron becomes the strategic Venezuelan vehicle of the Trump administration, Eli Lilly targets Merida - Huawei loses 36% profit after the memory crunch and Sony's PS5 Pro benefits from the GTA VI trailer

USA & MACRO-ENVIRONMENT An escalation of geopolitical risks dampens the start of the week The S&P 500 declines by -0.53%, the Nasdaq 100 drops -0.36%, as both stocks and bonds come under pressure. The trigger is renewed military escalation between the US and Iran – for the first time in about a month, there is again an exchange of fire: US forces target rocket launchers on Larak Island in the Strait of Hormuz, Tehran responds with attacks on US bases in Jordan; additionally, the United Arab Emirates reports a drone incident. The...