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The Daily Briefing · Friday, August 28, 2026
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Hormuz Toll Chokes Oil Flows as WTI Nears $130
Daily tanker transits through the Strait of Hormuz have fallen from roughly 130 to fewer than 15 since Iran imposed its $1 million per, vessel toll in 2026.
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Also today
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SK Hynix Breaks Ground on $4B Indiana HBM Plant
SK Hynix (SKHY) broke ground August 27 at Purdue Research Park on a 133.5, acre advanced packaging facility funded in part by $458 million in CHIPS Act grants.
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Warsh's Jackson Hole Shock Sends Rate, Hike Odds to 56%
Warsh declared he is "committed to a discipline, not a decision," dismissing this summer's improved inflation data as insufficient proof of lasting progress.
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Gold's 14% August Surge Is Biggest Monthly Gain Since 1999
Gold rose approximately 14% in August 2026 to near $4,674/oz from roughly $4,000, its biggest monthly gain since 1999
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Meta's $6.7B Settlement Reshapes Social Media
Meta (META) will pay up to $6.7 billion to resolve federal claims by 29 state attorneys general over social media harm to minors.
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Apple CEO Cook Yields to Ternus in Sept. Handoff
John Ternus, architect of Apple Silicon, assumes the AAPL chief executive role effective September 1, 2026.
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Nvidia's $2.9B Hugging Face Deal Raises Monopoly Alarm
Nvidia (NVDA) will pay $2.9 billion for Hugging Face, surpassing all prior acquisitions by the company.
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More headlines
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Canada Declares Economic War on Washington
Washington imposed 50% tariffs on $20 billion in Canadian goods after negotiations unraveled Friday; Canada's matching measures activate Sept. 8.
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Warsh Opens Jackson Hole With Rate Stakes High
Core PCE inflation at 3.3% and headline PCE at 3.7% leave the Fed's price mandate unfinished ahead of Warsh's first major speech
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CrowdStrike's Best Day Ever: AI Agents Drive Record Q2
CRWD jumped 20% on August 27, the largest single, session gain in company history, closing at $227.96 after touching an intraday high of $229.08.
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Gap (GPS) Jumps 13.8% as Profit Beat Raises EPS Outlook
Adjusted EPS of $0.52 beat the $0.48 Wall Street consensus; diluted EPS reached $1.38, lifted by a $417 million IEEPA tariff refund
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Okta Surges 28% in Best Session in Years After Q2 Beat
OKTA closed at $172.91, up 28.9% Thursday, its largest single, day advance in years, on Q2 EPS of $1.05 vs. the $0.96 consensus.
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PayPal Drops 15% as Advent, Stripe Bid Collapses
PayPal (PYPL) fell more than 15% after the Advent, Stripe consortium withdrew its $3 billion acquisition offer without submitting a revised bid.
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Nvidia Q2 Blowout Fires Sharpest Chip Rally in Weeks
Nvidia reported Q2 FY2027 revenue of $96.22B, $4.05B above consensus, with adjusted EPS of $2.22 beating the $2.10 estimate.
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Consumer Confidence Falls to 89.4, Lowest Since January
The Conference Board's August index fell to 89.4, down from a revised 93.1 in July, missing the consensus estimate of 92.0.
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IBM Mainframe Chip Runs Arm and Z Code Natively
IBM's 2nm, 11, core Hot Chips processor simultaneously executes Arm and IBM Z instructions natively on every core, without emulation.
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Salesforce CRM Surges 23% on Anthropic Gain, Claudeforce
Adjusted EPS of $5.90 crushed the $3.27 consensus by 80%, with $2.53 of that figure derived from a mark, to, market gain on Salesforce's Anthropic equity stake.
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HRL Plunges 9% on Q3 Revenue Miss and Forecast Cut
HRL fell 9.1% to $21.57, one of the steepest one, day drops for the consumer staples name in recent memory.
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HP Inc. Q3: PC Shipments Sink 16% Despite Revenue Record
HP Inc. (HPQ) shares tumbled 7% on August 27 after Q3 fiscal 2026 results showed PC unit shipments fell 16% year, over, year, unsettling investors despite a headline revenue beat.
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Burlington BURL Beats Q2, Lifts FY2026 Guidance
Q2 adjusted EPS of $0.37 cleared the $0.19 consensus by 95%, marking one of Burlington's widest beats in recent quarters.
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VEEV Surges 18% as Q2 FY2027 Earnings Crush Forecasts
VEEV shares rallied 17, 19% after Q2 FY2027 revenue of $728M beat the $705M consensus estimate.
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From the startup desk
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DAZN Buys EverPass, Wins NFL Sunday Ticket Venues
EverPass Media (US) is acquired by UK sports streaming giant DAZN — EverPass holds exclusive NFL Sunday Ticket commercial venue distribution rights — rebranding as DAZN for Business, with RedBird Capital Partners, 32 Equity, and TKO Group becoming DAZN minority shareholders.
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Valar Atomics Raises $1B Series B at $6B Valuation
Volta is already listed above — replacing with: General Intuition is already listed — so as #15: Velatir is already listed — let me use a remaining story.
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AusperBio Closes $120M Series C for Hepatitis B Drug
AusperBio (US) closes a $120M Series C bringing total raised to $360M — the San Jose-based biotech is advancing its lead hepatitis B therapy AHB-137 into a Phase 3 registrational trial toward a potential functional cure for chronic HBV.
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Video of the day
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Money: The World's Oldest Memory
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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