2026-05-28
US and Iran trade strikes. Whitmer sits out 2028. Markets move on chips and drones.
Good evening. The US and Iran swapped fire again Wednesday—drones first, then missiles—while the political calendar shifted and a few names changed in broadcast news. Markets noticed the defense stocks.
What Actually Happened
U.S. military downed four Iranian attack drones and struck a ground control station near Bandar Abbas before it could launch a fifth. Hours later, Iran said it fired missiles at a U.S. base in Iraq. Both sides measured the other's tolerance before calling it broken.
Michigan's governor said she will not join the Democratic primary field. The assumption that she would is now, officially, incorrect.
Infinity Ward's latest entry courted controversy before launch. Modern Warfare 2 did the same in 2009 with its optional civilian-shooting mission. Some games never learn.
A 31-year-old Swiss man arrested. The station cordoned off. Three injured.
The Treasury Department rolled out the promised app for children's investment accounts. The policy arrived on schedule.
Sports figure addressed controversy. The specifics remain sparse.
Supreme Court threw out a Black death-row inmate's murder conviction in Mississippi after he alleged racial bias in jury selection. The case raised questions about systemic racial bias in capital trials.
Treasury sanctioned the Persian Gulf Strait Authority, formed by Iran earlier this month to manage the waterway. The Iranian government said it was managing territory. Treasury said it was a threat.
- Bari Weiss names Nick Bilton to lead 60 Minutes
- Caesars agrees to buyout; Snowflake surges
- Drone stocks soar on Trump admin funding talk
"Worth paying attention to. Don't doomscroll."
"The wire took a breath. Don't get used to it."
Markets priced in the strikes before the missiles landed.
Back at 7:00 AM ET with the morning shot brief.