First Look: US-Japan Yen Intervention, Apple Warning, Alibaba AI Surge

Macro Markets and Geopolitics - The United States and Japan confirmed a joint intervention to buy Japanese yen after the currency dropped to a 40-year low [1] - US stock futures rose sharply with Dow futures up 400 points following the cancellation of a planned military strike on Iran [2] - OPEC plus announced new measures to adjust oil output, supporting the easing of geopolitical tensions [3] - Federal Reserve Chair Kevin Worsh faces a credibility test regarding the central bank's independence from the White House [9] Technology and AI Industry - Apple CEO Tim Cook described current memory chip pricing issues as a 100-year flood due to severe supply constraints [3][4] - Alibaba unveiled QN 3.8% Max, its most advanced artificial intelligence model to date [4] - The situational awareness hedge fund, once valued at 45 billion dollars, suffered major losses in a rapid AI stock rout [6] - The European Union's AI act took effect, requiring firms such as Anthropic and Open AI to disclose AI-generated or edited content [7][8] Corporate and Sector Dynamics - Astroenica shares fell following reports of merger discussions with Bristol Meyer Squib [7] - WestJet cancelled over 300 flights due to a flight attendants' strike before reaching a tentative deal [9]