Signal

Good afternoon. The marathon US-Iran talks in Pakistan have collapsed without a deal, with negotiations breaking down over Tehran's refusal to make concessions on nuclear weapons according to JD Vance. Iran's negotiators are pushing back, saying it's Washington that needs to earn their trust, while experts suggest Iran believes it can weather further military strikes better than the US can handle ongoing economic chaos from the conflict. The failed diplomacy is already rippling through global markets, where commodity traders reportedly lost billions in the early days of the Iran war after being caught off guard by sudden energy price spikes. Meanwhile, there's been significant political movement in Europe as Hungarians are voting in record numbers on whether to end Viktor Orbán's rule, with early polling favoring challenger Péter Magyar and his grassroots party. On the tech front, Tesla has scored a regulatory win with the Netherlands becoming the first European country to approve their supervised Full Self-Driving system, though there's been some controversy after Google had to clarify that Polymarket betting odds appearing in their news results was an "error." And in a lighter note from the world of luxury, apparently there's now a secret ingredient to making perfect ice at home, though given current energy prices, that might be an expensive hobby.