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Tariffs/Trade

EU Trade Commission Sefcovic, on EU-US trade deal, says it is critical that at the end of the process the EU ends up well within the Turnberry parameters, which is a 15% tariff all inclusive

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Believes European parliamentarians will approve the Turnberry agreement.

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U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday