Trump: US and Iran have agreed to pause talks for one week. Until matters related to Khamenei's funeral conclude, the US and Iran will not fire on each other.

SemiAnalysis says memory (DRAM, NAND and HBM) share of hyperscale data-center capex in NVIDIA systems could exceed 30% by end-2026 and top 40% in 2027. The note follows debate after Micron results; some market participants pointed out memory is typically only low‑teens pct of a server BOM and questioned such high capex share. SemiAnalysis responded in May after prices rose faster than expected and expects the market to better appreciate the trend in coming months.

French Health Minister Stéphanie Rist told France 2 on the 3rd she supports a lifetime ban on sales of tobacco products to people born in or after 2009. The French national health insurance fund said in its annual report on the 2nd that France is among Europe's highest smoking-rate countries and recommended systematic anti-smoking measures to improve public health and cut long-term public health spending, including prohibiting sales to those born in 2009 or later to create a smoke-free generation. Rist said she 'personally strongly supports' the fund's recommendation but stressed her personal view is not a government decision; the government will consult 'all stakeholders' before deciding.