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According to CNN, a US official said that Iran has launched multiple drones towards the Strait of Hormuz. The official said that the US military had shot down at least three of them.

US President Trump: (Iran) Most of the drone factories, launch sites and missile manufacturing areas have been destroyed.

US President Trump: In the conflict so far, we have completely destroyed their military, but Iran still has some missiles and drones.

US President Trump: Iran has no choice but it will take some time.

US President Trump: Iran's leaders have not yet reached an agreement with the United States to end the current war because they are "tough" and "arrogant." But ultimately "they had no choice" but to reach a deal.

U.S. Securities and Exchange Commission (SEC) documents show that Netflix (NFLX.O) appointed Jay Hoag as chairman of the board of directors, effective from the annual meeting.

US President Trump: Iran retains 21% to 22% of its missiles.

US President Trump: Elon made a mistake before, but now he is my friend again.

US President Trump: Musk is smart 80% of the time and terrible 20% of the time.

US President Trump: (Talking about the energy and fertilizer fields) Relevant measures are being planned.

US President Trump: (Economic) growth will actually curb inflation.

US President Trump: When the data is good, the market should go up.

U.S. President Trump praised the employment data.

U.S. Energy Secretary Wright: To ensure smooth oil supply in the Strait of Hormuz and thereby reduce gasoline and diesel prices, a solution needs to be reached with Iran.

U.S. bank deposits rose to $19.333 trillion from $19.285 trillion last week.

Meta Platforms (META.O) is considering an equity offering that could raise hundreds of billions of dollars to fund CEO Mark Zuckerberg’s AI expansion, the Financial Times reports. Executives are exploring “innovative” financing as Meta plans to boost AI-related capital expenditure to as much as $145 billion this year and increase it further through 2027. The discussions accelerated after Alphabet’s record $85 billion stock sale this week, which was upsized by $5 billion amid strong demand. Meta has not hired banks and may not proceed; no final decision has been made.

The U.S. military reported that nearly 1,000 commercial ships passed through the Strait of Hormuz in the past two months.

The S&P 500 ended its nine-week winning streak.

The Dow Jones Index closed down 695.15 points, or 1.35%, at 50866.78 points on June 5 (Friday);The S&P 500 Index closed down 200.6 points on June 5 (Friday) 3 points, a decrease of 2.65%, to 7383.68 points;The Nasdaq Composite Index closed down 1121.53 points, or 4.18%, to 25709.43 points on June 5 (Friday).

U.S. Commodity Futures Trading Commission (CFTC): In the week to June 2, U.S. speculators increased their net short positions in the S&P 500 CME by 38,113 lots to 485,582 lots, and stock fund managers reduced their net long positions in the S&P 500 CME by 23,807 lots to 985,207 lots.