Today’s Market Recap:Optimism over US-Iran Talks Drives US Stock Futures Higher, Crude Oil Plunges 6%
Stock futures rose as oil prices fell, amid optimism regarding US-Iran war resolution talks. President Trump indicated negotiations were progressing well but warned of stronger retaliation if they failed. Separately, the SEC postponed plans for tokenizing US stocks, citing liquidity concerns. Internal divisions are rising at Samsung over wage agreements favoring the chip division. Eli Lilly's new weight-loss drug RETA shows significant efficacy, potentially impacting consumer sectors.

Track the Market Trend
TradingKey - Stock futures jumped on Monday night as oil prices slid and hope grew that a resolution to the U.S.-Iran war was within reach.
Dow Jones Industrial Average futures popped 441 points, or 0.9%. S&P 500 futures gained 0.9%, and Nasdaq-100 futures advanced 1.2%. U.S. stock markets were closed Monday due to the Memorial Day holiday.
President Donald Trump said Monday that talks with Iran to end the war were “proceeding nicely.” That said, he did warn the U.S. could go on the offensive if negotiations break down.
Crude prices dropped sharply following Trump’s comments. West Texas Intermediate futures were down around 6%.
Market Headline
Trump stated that US-Iran negotiations are progressing well, and the US is optimistic about reaching an agreement soon.
Trump said that it will either be "a great and meaningful deal" with Iran or "no deal," and he will not sign any agreement that could allow Iran to acquire nuclear weapons. He warned that if negotiations fail, there will be "a larger-scale" exchange of fire than ever before. Reports indicate that the US and Iran are currently consulting on the wording related to their nuclear programs and the lifting of sanctions, and these differences are temporarily hindering the finalization of an agreement. However, US officials are optimistic about resolving the dispute in the near future; the appearance of an Iranian delegation in Qatar on Monday was seen by the US as a positive sign.
Trump has called on several Middle Eastern countries to establish diplomatic relations with Israel.
He urged Saudi Arabia, Qatar, Egypt, Jordan, Turkey, and Pakistan, who mediated the US-Iran negotiations, to "immediately" join the Abraham Accords to normalize relations with Israel, stating that Saudi Arabia and Qatar should take the lead, otherwise these countries should not be part of the US-Iran agreement. He also indicated that if the US and Iran reach an agreement, Iran might also be able to join.
The US Securities and Exchange Commission (SEC) has urgently postponed its plan to tokenize US stocks.
The SEC has shelved a planned exemption for third-party tokenized stocks, originally scheduled for release this week. This plan would have allowed any third party, without authorization from the listed company, to issue digital tokens tracking its share price and trade them 24/7 on decentralized platforms. If implemented, this could result in dozens of third-party tokens existing for the same stock, severely fragmenting market liquidity.
Internal divisions within Samsung are escalating as the consumer electronics division's union has petitioned the court to invalidate a preliminary agreement.
Samsung Electronics is on the verge of reaching a wage agreement, but the massive bonus of up to 600 million won for chip division employees, while the consumer electronics division (DX division, responsible for smartphones and televisions) will receive minimal benefits, has triggered serious internal divisions. The consumer electronics union has petitioned the court to invalidate the preliminary agreement, and minority shareholders are also questioning the legality of the agreement, which was not approved by shareholders.
Weight loss effects comparable to surgery! Eli Lilly's(LLY) RETA becomes the most powerful "miracle weight loss drug" in history.
Phase III clinical data from Eli Lilly's new weight loss drug RETA show that some patients lost 85 pounds within 104 weeks. RETA uses a triple agonist mechanism, making it more effective than existing GLP-1 drugs. Eli Lilly is expected to apply for FDA approval as early as this year. This drug has not only propelled Eli Lilly's market capitalization close to one trillion dollars, but has also had a systemic impact on consumer sectors such as restaurants and alcohol.
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