Iran said to halt US talks, completely close Hormuz

 Iran ended the negotiations with the United States over Israeli strikes on Lebanon and will completely shut the Strait of Hormuz, Iranian Tasnim News Agency reported on Monday.

According to the outlet, Tehran suspended "talks and exchanges of messages through mediators" due to "continued crimes of the Zionist regime in Lebanon," as the resolution of the Lebanon crisis was one of Iran's preconditions for peace. The Iranian side accused the US of "violating the ceasefire on all fronts."

Tehran is said to completely shut the critical Strait of Hormuz, as well as the Bab el-Mandeb Strait, in order to "punish the Zionists and their supporters."

https://breakingthenews.net/Article/Iran-said-to-halt-US-talks-completely-close-Hormuz/66409600

'Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift'

Nvidia CEO Jensen Huang delivered the keynote address on Monday at GTC Taipei 2026, outlining the next evolution of AI compute.

Huang's presentation included updates on the Vera Rubin platform, a new lineup of Windows PCs developed with Microsoft for AI workflows, the launch of an enterprise agent toolkit, and next-generation AI infrastructure systems to accelerate data-center and agentic AI adoption.

A team of Goldman analysts, led by James Schneider, attended GTC Taipei 2026 and shared the top takeaways with clients.

Schneider had three key investment takeaways:

First, Nvidia (with Microsoft) is pursuing its traditional PC TAM more aggressively, which we believe could help drive some momentum for Windows on ARM (which has been extremely slow to date) given a concerted push with software partners.

Second, Nvidia continues to push its advantage in datacenter-level performance and cost leadership as a key differentiator relative to competitors - which we think should allow it to maintain competitive dominance at all but the largest hyperscalers.

Third, Nvidia is aggressively investing to drive the adoption of agentic AI across developers and ecosystem partners, and its Vera Rubin revenue ramp remains on track.

Here's more color on those takeaways:

Vera Rubin update: Nvidia announced that it is now ramping full production of its Vera Rubin platform, with multiple rack-scale systems (NVL72 GPUs, Vera CPUs, Groq 3 LPUs, BlueField storage, Spectrum-X networking) contributing to AI factory designs. The company highlighted that Vera GPUs are purpose-built for agentic AI use cases, with up to 1.8X the performance of X86 systems and 10X agent throughput vs. Blackwell. We expect a materially steeper revenue ramp for Rubin (beginning in 3Q) relative to Blackwell given meaningful manufacturing efficiencies and greater total capacity. In addition, the company highlighted its DSX AI Factory reference platform, which helps customers optimize their AI datacenters to bring operations up faster, while optimzing power consumption and system uptime.

New lineup of Windows PCs with Microsoft targeting AI workflows: Nvidia, in collaboration with Microsoft and Mediatek, launched a new Windows-based PC platform targeting AI workflows. The RTX Spark product combines a Blackwell RTX GPU with a 20-core Grace GPU (co-designed with Mediatek) using NVLink to deliver a high-performance PC experience optimized for AI applications - which we expect to be targeted at the premium segment of the market. OEM partners will launch laptop, desktop, and workstations systems beginning this fall, with launch partners including ASUS, Dell, HP, Lenovo, Microsoft, MSI, Acer and Gigabyte.

Launch of Enterprise Agent Toolkit. Nvidia announced a series of new software releases targeting agentic AI use cases in the enterprise, including NemoClaw, Nemotron 3 Ultra, OpenShell, and CUDA-X Agent Skills.

Physical AI announcements: Nvidia launched new versions of its open Cosmos (v3) frontier model targeting multi-modal reasoning, and Alpamayo (v2) which is targeted as a reference platform for self-driving cars. The company also announced its first open reference design for humanoid robots, based on its Isaac Gr00t and Jetson Thor hardware platform.

"The PC is being reinvented," Huang said. "For forty years, you launched apps. Click. Type. With RTX Spark and Microsoft Windows, you ask — and the PC does the work. RTX Spark brings everything NVIDIA has built — CUDA, RTX, our AI platform — into a single superchip. Local agents. Frontier models. Creative workflows. RTX games. All on a laptop. This is the new PC. The personal AI computer."

Nvidia shares rose 2.5% in premarket trading in New York after Huang's comments outlined that the company was entering the PC market with a new chip.

Arm ADRs soared 12% as traders viewed Nvidia's PC push as supportive of the Arm ecosystem. However, the announcement pressured incumbent processor stocks, with Intel sliding 6%, Qualcomm down 9.5%, and AMD falling 3.5%.

Schneider is "Buy" rated on NVDA with a 12-month price target of $285. This is based on a 30X P/E multiple applied to his team's normalized EPS estimate of $9.50. 

Meanwhile, overnight, Intel announced a new AI chip, code-named Crescent Island, expected to hit the consumer market by the end of the year, according to the Financial Times.

"We decided to start rebuilding our muscles in AI . . . [but] we are not particularly aiming for [the training market] based on past experience," said Kevork Kechichian, who leads Intel's data center group.

The AI chip race is accelerating, with today's biggest news being Nvidia's move to reinvent the PC market with a new AI chip.

https://www.zerohedge.com/technology/nvidia-ceo-declares-ai-pc-reinvention-new-beginning-par-smartphone-shift

Turkey Is in Talks With Russia on Gas Supplies Beyond 2026

 

Turkey and Russia are discussing an extension of natural gas supply agreements beyond 2026 as current deals expire at the end of the year.

Turkish state company Botas is in talks with Russian gas giant Gazprom PJSC about renewing import contracts, Turkish Energy Minister Alparslan Bayraktar told Bloomberg at the Baku Energy Forum in Azerbaijan. Potential volumes and duration aren’t yet agreed, he said.

https://www.bloomberg.com/news/articles/2026-06-01/turkey-is-in-talks-with-russia-on-gas-supplies-beyond-2026

Moderna Snags $50 Million Ebola Vax Contract

 Moderna is receiving up to $50 million to accelerate the development of an Ebola vaccine, as the virus continues to spread in the eastern Democratic Republic of Congo.

The funding is coming from global health organization ​CEPI, which told Reuters that it was possible to bring the vaccines to trial phase within a couple of months. 

CEPI said it would also invest up to $8.6 million for a shot developed by the University of Oxford and manufactured by the Serum Institute of India, and an initial $3.2 million for a vaccine developed by the International AIDS Vaccine Initiative. -Reuters

"Every day counts in the race against this deadly disease," said Richard Hatchett, head of CEPI, adding that the vaccines are on "a not infinitely distant horizon."

That said, Hatchett also cautioned that vaccine development can be unpredictable, plus there's a 'challenging security situation' in eastern Congo that might make trials complex - which, includes (most recently) locals setting fire to an Ebola treatment center after they were stopped from retrieving the body of a dead man. 

The crowd set fire to two tents fitted with eight beds run by a medical charity called The Alliance for International Medical Action (ALIMA), said Deputy Senior Commissioner Jean-Claude Mukendi, head of the public security department in Ituri Province.

Mukendi said the youths had not understood the protocols for burying a suspected Ebola victim.

“His family, friends, and other young people wanted to take his body home for a funeral even though the instructions from the authorities during this Ebola virus outbreak are clear,” Mukendi said. “All bodies must be buried according to the regulations.”

So far there have been 282 confirmed cases and 42 deaths in the recent outbreak, and around 1,100 suspected cases, according to the African CDC and the World Health Organization.

Beyond the DRC, nine cases have been confirmed in Uganda, including one death.

Two weeks to stop the uncontrollable anal bleeding and 50% chance of death? 

https://www.zerohedge.com/political/moderna-snags-50-million-ebola-vax-contract

https://www.marketscreener.com/news/bristol-myers-gets-speedy-fda-review-of-camzyos-in-adolescents-ce7f5dd9d98df724

https://www.zerohedge.com/technology/aww-look-cute-dancing-robot-police-state-surveillance-dog

https://breakingthenews.net/Article/Houthis-said-to-be-ready-to-join-Hezbollah-fight-against-Israel/66408446