Global financial markets faced significant headwinds as a broad bond market selloff triggered a decline in technology stocks, driven by concerns over fiscal deficits and mounting costs associated with artificial intelligence. Geopolitical tensions in the Strait of Hormuz remained a focal point; following reports of President Trump’s intent to declare the strategic waterway U.S. territory, major Chinese state-owned shipping firms began diverting oil tankers to avoid the region, contributing to sustained pressure on oil prices. Domestically, the political landscape was defined by primary election results in Florida, where Representative Byron Donalds secured the Republican gubernatorial nomination to face Democrat David Jolly, while the Department of Justice deployed attorneys to monitor polling sites in Florida and Wyoming. Legal and investigative scrutiny remained intense, with a Florida law firm calling for a nationwide investigation into COVID-19-era medical funding and continued debate over executive control of media organizations. In corporate and frontier-tech developments, Rocket Lab expanded its defense collaboration through the U.S. Space Force, and Cerebras launched a new server system aimed at enhancing AI performance. Conversely, mining major BHP cautioned that Queensland’s royalty regime has made new investment in the state unsustainable. Amidst these broader movements, internal corporate activity saw a high volume of insider stock transactions, alongside a noteworthy development in the health sector as the University of Miami filed an investigational new drug application for the psychoactive compound ibogaine.