Welcome to Storyflo Daily Finance. I'm Frank.

Our lead story starts in the Middle East, where an Iranian ballistic missile strike on an American air base in Kuwait has injured Americans and damaged Reaper drones. But the US and Iran have reached a tentative agreement to extend a ceasefire by 60 days and restart nuclear negotiations. Despite the tensions, the US Treasury Secretary remains optimistic about the outcome. Meanwhile, in the world of business, Citi's CEO Jane Fraser has been named one of the most powerful women in the world after her bank's impressive earnings report. Fraser's efforts to streamline the bank have paid off, with Citi logging its highest quarterly revenue in a decade. But not everyone is benefiting from this trend towards de-layering. Apple's history of rendering startups obsolete with each OS update is a cautionary tale for founders of AI companies. As one founder notes, Apple's "Sherlocking" policy has killed off numerous startups over the years. In the tech world, the rise of software stocks has continued, with Atlassian, Figma, and ServiceNow all performing well. However, GameStop's surprising $56 billion offer for eBay was quickly rejected, highlighting the challenges of large-scale M&A deals. In the world of transportation, carrier risk is being re-evaluated following a Supreme Court decision two weeks ago. C.H. Robinson is now removing carriers from its network based on safety scores, which may be a response to the new legal landscape. And in the world of modularity, an AI infrastructure project has released its unit-level economics, showing the potential for modular deployment at sites where grid capacity already exists. However, the feasibility of this approach remains to be seen. These stories highlight the complexities of the global economy and the ongoing efforts to navigate the risks and opportunities of technological change.