Iran Tanker Attacks Drive Oil Three Percent Higher as the US Revokes the Waiver
Revoking the oil-sales waiver and the ceasefire collapse are one event — military and energy-market conditions reset together, and Hormuz remains at one-third transit.
Theo Kaplan
Bureau: San Francisco
USTR Opens a Section 301 Hearing on Tariffs Replacing the Expiring Baseline
Section 122 tariffs expire July 24; if Section 301 is not finalized by July 20, the global tariff baseline loses its legal basis for three days — today's hearing is where importers contest the rates.
EU Extends the Paramount-Warner Review to July 22 as a Gulf Probe Opens
The EU gave Paramount-Warner until July 22, but a parallel Gulf sovereign-wealth funding probe runs to July 14 — the deal now faces two simultaneous European reviews before month's end.
CFIUS Review Stalls Saudi Fund EA Buyout Over Seven Hundred Million Gamer Accounts
CFIUS reviewing EA's $55 billion Saudi deal holds 700 million gamer accounts' behavioral and social-graph data as the deciding question — antitrust cleared, national security has not.
OpenAI Files for Trillion-Dollar IPO While Projecting Fourteen Billion in Losses
OpenAI targets a $1 trillion market cap but leaks show it loses 58 cents for every dollar earned while the S-1 that would prove or disprove those numbers stays sealed from public view.
Anthropic and OpenAI Both File Sealed IPOs Before Showing Investors Their Accounts
Anthropic and OpenAI are racing to IPO at a combined $1.8 trillion valuation before either shows public investors a single audited number.
OpenAI Government Equity Deal Still Needs an Act of Congress to Close
OpenAI's $42.6B equity offer to Washington is still a concept — it needs an act of Congress modeled on the Alaska Permanent Fund and buy-in from Anthropic, Google, and Meta to become law.
Texas AG Investigates StubHub After World Cup Fan Tickets Disappear at Tournament
Sports X calls it a StubHub shakedown with five-fold replacement prices; Texas TV covers the AG probe as consumer protection, skipping the ghost-ticketing mechanics that created it.
Boston Trades Finals MVP Jaylen Brown to Philadelphia for Paul George and Draft Picks
MSM covers it as a roster reshaping; the Celtics' GM named the CBA's salary-cap structure as the reason a championship duo cannot stay together — a labor-economics story wearing a trade announcement.
Fox Roku Shareholder Vote Stays Frozen Three Weeks After Deal With No S-4 Filed
Fox announced the $22 billion Roku deal June 15; the S-4 Roku shareholders need to vote still has not been filed three weeks later and the process has not started.
O'Reilly Automotive Offers Ten Billion Dollars to Buy Genuine Parts Auto Division
Markets X sees ORLY's 6.7% drop as the market pricing acquisition risk before any ink dries; Bloomberg's options framing doesn't ask what NAPA consolidation means for independent repair shops.