Trump Claims US-Iran Talks, Oil Prices Pull Back

The major averages were sharply higher near noon after President Donald Trump said the U.S. and Iran have held talks and that he was ceasing plans to attack Iranian power plants and energy infrastructure. Of note, however, AP reported that two Iranian semi-official news agencies close to the paramilitary Revolutionary Guard claim that there have been no such negotiations. Following Trump's comments, oil prices are sharply pulling back, while shares of airlines and cruise lines are advancing.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Elon Musk plans to start his Terafab project, which will be run by Teslaand SpaceX, in Austin, Texas,U.S. Senators have introduced a bill aiming to ban sports bets on prediction markets,Activist investor Elliot Management has built a stake in Synopsys,Palantir'sMaven AI system will be adopted by the Pentagon as a core military system,Despite Trump's claims of productive talks with Iran, two Iranian semi-official news agencies close to the paramilitary Revolutionary Guard claimed that there had been no such negotiations,2. WALL STREET CALLS:MongoDBto Outperform from Neutral at MizuhoRaymond JamesAeroVironmentafter share underperformanceValvolineto Buy at StifelMacquarieXPengwith 2026 volume growth "no guarantee"William Blaira handful of names in infrastructure software, including Backblaze, N-able, GitLaband Dropboxto Underperform3. AROUND THE WEB:Sonyis close to a deal to sell a majority stake in its home entertainment business to Chinese rival TCL Electronicsin a deal that may be valued at about $1B, Bloomberg reportsUnited Airlinesplans to cut additional unprofitable flights over the next two quarters as it braces for sustained high jet fuel prices tied to the Iran war, despite strong travel demand and higher fares, Reuters saysMP MaterialsCEO James Litinsky has repositioned the company as a key U.S. rare earths supplier amid rising geopolitical tensions and Chinese export restrictions following tariffs imposed by Donald Trump in 2025, CBS News reportsA former Metaexecutive will lead the ad push at OpenAI, WSJ reportsAn Air Canada Expressflight operated by Jazz Aviation LP collided with a fire truck shortly after landing at LaGuardia Airport, killing both pilots among the 76 people on board, Bloomberg reports4. MOVERS:Apogee Therapeuticsgains afterfrom Phase A of its Phase 2 APEX trial of zumilokibartTeraWulfincreases after Areteof the stock with a Buy ratingTower Semiconductorhigher in New York after demonstrating a 400 Gbps/lane dataEquinorlower in New York after acquiring the ready to buildonshore wind complex from VestasPG&Efalls after Jefferiesthe stock to Hold5. EARNINGS/GUIDANCE:Talphera, with EPS higher year-over-yearOndasand provided guidance for FY26 and Q1Solo BrandsCabaletta Bio, with EPS beating consensusChina Petroleum and Chemical, with EPS and revenue lower year-over-yearINDEXES:Near midday, the Dow was up 1.61%, or 733.01, to 46,309.99, the Nasdaq was up 1.40%, or 302.85, to 21,950.46, and the S&P 500 was up 1.31%, or 85.22, to 6,591.70.