PAKISTAN ARMY CHIEF HELD SEPARATE CALLS WITH U.S. VP VANCE, ENVOY WITKOFF AND IRAN'S ARAQCHI - SOURCE AWARE OF PROPOSALS

Key News 1. US media: US-Iran mediators make final efforts to secure a 45-day ceasefire. 2. Iranian officials say they will not reopen the Strait of Hormuz in exchange for a "temporary ceasefire." 3. Trump hints at specific time for his ultimatum to Iran; press conference to be held at 1:00 AM Beijing time. 4. Israeli Defense Minister Katz: Has instructed the Israeli military to continue its full-scale strikes against Iran's "national infrastructure." 5. BlackRock plans to launch a Nasdaq 100 ETF to challenge Invesco's monopoly. 6. JPMorgan Chase's Dimon warns that war with Iran could push up inflation and interest rates. 7. Citigroup: Expects the Fed to cut rates in September, previously expecting a June rate cut. 8. Ship traffic in the Strait of Hormuz rises to its highest level since early March. Individual Stock News 1. Apple's first foldable phone is in trial production. 2. US oil company stocks fall in pre-market trading due to declining crude oil prices. 3. Goldman Sachs Private Lending Fund bucks the industry's redemption trend. 4. Niu Technologies (NIU.O): Sold 261,624 vehicles in Q1 2026. 5. Oracle (ORCL.N) appoints Hilary Maxson as Chief Financial Officer. 6. CrowdStrike (CRWD.O) announces an increase of $500 million in its share buyback program, bringing it to $1.5 billion. 7. Morgan Stanley: Adds Seagate Technology (STX.O) to its "Top Picks" list, replacing Western Digital (WDC.O). 8. Benchmark: Initiates coverage of PayPal (PYPL.O) with a "Buy" rating and a price target of $31. 9. Goldman Sachs: Upgrades Netflix (NFLX.O) from Neutral to Buy, raising its price target from $100 to $120. 10. The National Highway Traffic Safety Administration (NHTSA) has concluded its initial assessment of approximately 2.59 million Tesla vehicles in the United States, an assessment previously initiated to investigate the use of the "Actually Smart Summon" feature.

Market news: The roar of fighter jets and huge explosions have been heard in the mountains near Jask in Hormozgan province, Iran.