Wednesday Evening Links

[CNBC] S&P 500 futures rise as Micron surges after earnings; Wall Street awaits key inflation reading: Live updates

[CNBC] Micron stock jumps 15% as soaring prices from memory crunch lead to quadrupling of revenue

[Yahoo/Bloomberg] Big Banks Pass Fed Stress Test, Paving Way for Payouts

[CNBC] Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules

[CNBC] White House requests $87.6 billion supplemental spending for Iran war, farm aid

[Axios] Inside the Trump-Senate meltdown

[Bloomberg] Nvidia, SpaceX Drive US High-Grade Bond Sales to a June Record

[Bloomberg] Basis Trade Fuels Hedge Funds’ US Bond Exposure: Fed Report

[Bloomberg] SPAC Deals Seen as Key Path to Public Market in Data Center Boom

[Bloomberg] Hormuz Fees Branded ‘Unacceptable’ by Trump in Warning to Iran

[Bloomberg] Extenet’s Cash Crunch Shocks Creditors and Roils Telecom Lending

[Bloomberg] Plastics Shortages to Keep Food Prices High After War Disruptions

[Bloomberg] US Health Spending to Top $6 Trillion in 2026 on the GLP-1 Wave

[Bloomberg] Four Screwworm Cases Found on One Farm in Biggest Batch Yet

[Bloomberg] El Niño Is Set to Further Disrupt a $300 Billion Supply Chain

[FT] Donald Trump demands ‘loyalty’ from Nato allies and slams lack of support in Iran war