GSAT Globalstar surged 15% after hours on Amazon acquisition reports valuing the deal near $9B. The satellite firm grabbed headlines as the e-commerce giant seeks a Starlink rival. AAPL Apple backs the company making this a three-way infrastructure play.
Space stocks caught fire overnight as Artemis II launched NASA's first crewed lunar mission in 50 years. RKLB Rocket Lab and ASTS AST SpaceMobile absorbed options flow as traders positioned on spillover hype. The defense sector rotation persisted with aerospace names dominating bullish sentiment.
IEA warned today the mother of all energy crises is just beginning. Officials flagged April will be much worse as Iran war supply disruptions intensify. Airlines entered crisis mode with carriers scaling back expansion plans per FT reporting. DAL Delta reports Tuesday facing scrutiny on fuel cost guidance.
Oil whipsawed violently. Brent crude jumped 5% after Trump vowed to hit Iran extremely hard within weeks. Prices then fell back near $100 after the president suggested war could end soon. March posted the biggest monthly gain dating back to 1988 with crude surging over 60%.
Chinese government bonds emerged as the lone war haven per FT analysis. Yields on China's debt fell marginally while other major economies saw rising rates. Foreign central banks dumped US Treasuries with holdings at NY Fed hitting the lowest level since 2012.
LLY Eli Lilly won FDA approval for oral obesity drug Foundayo escalating the pill race against Novo's Wegovy. INTC Intel reclaimed its Ireland fab stake from Apollo in a $14.2B buyback signaling foundry confidence.
Asian insiders showed conviction with Malaysian TANCO CEO buying $20M while COP ConocoPhillips chief dumped $15M despite crude volatility. PANW Palo Alto CEO grabbed $10M in rare C-suite buying.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
