OpenAI reportedly missed revenue targets, causing AI stocks to falter, while China blocked Meta's acquisition of Manus, signaling a "draconian development" in the US-China AI race. Meanwhile, Meta introduced a new AI model, and Micron and Sandisk rallied on persistent memory demand.
German Chancellor Friedrich Merz stated the U.S. is being "humiliated" by Iran's leadership, while Iranian officials believe Trump will eventually yield. Senate Democrats are investigating an attack in Kuwait that killed six U.S. service members amid the conflict, raising concerns about the war's trajectory.
Labour leader Keir Starmer faces a parliamentary inquiry into whether he misled MPs regarding Peter Mandelson's vetting for a US ambassador role. Kemi Badenoch warned Labour MPs about the importance of rules ahead of a crucial vote on the saga.
Cole Tomas Allen was charged with attempted assassination after trying to breach the White House Correspondents' Dinner, with an affidavit quoting his manifesto. The incident sparked conspiracy theories and renewed calls for increased Secret Service funding and a secure White House ballroom.
Iran proposed reopening the Strait of Hormuz and ending the two-month conflict if the U.S. lifts its naval blockade and ends the war, with President Trump reportedly dissatisfied. Oil prices rose above $100 and $110 as markets assessed the ongoing negotiations and uncertainty.
The United Arab Emirates announced its departure from OPEC and OPEC+ starting May 1, a move that analysts view as a significant blow to the organization and has already led to a rally in crude futures. The UAE was OPEC's third-largest producer in February.
Insurgents recaptured a key Malian town, marking a major escalation of violence and signifying a setback for Russia's security efforts in the region. Coordinated attacks by JNIM and Tuareg minority inflicted significant casualties on government forces and Russian auxiliaries.