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Claude developer Anthropic registered an employee-funded PAC amid a legal battle with the White House and rising election-year scrutiny of AI.

Trump makes another harsh statement against Iran! Will there be a "tollbooth" in the Strait of Hormuz? Powell and non-farm payrolls weigh on expectations for interest rate cuts this year. OpenAI secures a massive $122 billion funding round; SpaceX secretly reports a $1.75 trillion valuation in its IPO race… What exciting market developments did you miss this week?

Bitcoin weekend drop coincides with Trump weighing ground operation in Iran, escalation global tensions amid month-end rebalancing.

The US-Israeli assassinations of high-ranking Iranian officials failed to produce the "moderate" leadership Trump had hoped for. Instead, the US adopted a more hardline stance, placing control of the Strait of Hormuz and war reparations on the negotiating table. Trump threatened to strike all of Iran's power plants simultaneously if no agreement was reached within two or three weeks, but many regional and Western officials are pessimistic about the prospects for negotiations.