Report: US, Iran Close to War's End; Trump, China's Xi Prepare for Meeting

The United States and Iran are nearing a memorandum of understanding to end hostilities, potentially stabilizing shipping through the Strait of Hormuz, though nuclear program negotiations remain a significant hurdle. President Trump has paused "Project Freedom" to facilitate these diplomatic efforts, while Secretary of State Marco Rubio declares the offensive phase of the war concluded. Simultaneously, trade tensions escalate as the U.S. threatens 25% tariffs on European Union automobiles unless a long-delayed trade deal is ratified. Domestically, primary election results in Ohio confirm Vivek Ramaswamy as the Republican gubernatorial nominee, while market activity surges following strong earnings from AMD, driven by robust data center demand. Additionally, safety concerns arise following multiple near-miss incidents at New York-area airports and a grizzly bear attack in Yellowstone National Park.