Prosus profits up 85%, free cash flow up $2B over 3 years. Just Eat acquisition showing improvement (from -9% to -4%). CEO pushing for European tech champions, critical of EU regulators. Tencent doing well with AI expectations. Holding company discount expected to reduce naturally.

Focus on Kevin Warsh at Sintra. Traders price at least one rate hike from each central bank. Data (ISM, jobs) and Fed speak will drive volatility. Five-year Treasuries seen as cheap in short term but vulnerable if Fed tightens.

President Lee announced massive semiconductor investment in southwest South Korea. Samsung and SK Hynix to build two fabs each. Country aims to double production capability in 5 years. Semiconductors seen as national strategic asset.

US and Iran agreed to halt strikes ahead of talks in Doha. Most serious violence since interim agreement, but talks still on track. Key issues: control of Strait of Hormuz, tolls, nuclear issue. 60-day timeframe for negotiations.

Anthropic won US approval to restore limited access to Mythos 5A model for trusted US tech partners after resolving national security concerns. Path to IPO may be clearer but not imminent. China has caught up in cybersecurity protocols.