Overnight News Summary for May 2

2. The U.S. government has issued a warning about the sanctions risk of paying passage fees to Iran for the safe transit through the Strait of Hormuz.3. On May 1, Trump stated that, as the European Union had not honored the trade agreement reached between both sides, the United States will impose an additional 25% tariff next week on cars and trucks imported from the EU.4. U.S. stocks closed mixed on Friday, with the Nasdaq and S&P 500 indexes hitting new record highs. All three major indices posted gains for the week, with the Nasdaq closing above 25,000 points for the first time.5. On Friday, SanDisk ranked first in U.S. stock turnover, closing up 8.25% at a record high, with a trading volume of $25.552 billion. Several institutions significantly raised their target price for SanDisk on Friday.6. Meta Platforms has completed its acquisition of robotics artificial intelligence startup Assured Robot Intelligence to accelerate the development of its humanoid robot technology. The acquisition was completed on May 1, with specific financial terms undisclosed.7. According to a post on X by the U.S. Under Secretary of Defense for Research and Engineering, Oracle has officially agreed to join the list of artificial intelligence companies collaborating with the Pentagon's classified network.8. According to traders on the Kalshi platform, West Texas Intermediate crude oil futures have yet to reach their 2026 high.9. The largest oil company in the United States has warned that the longer the Strait of Hormuz remains closed, the more likely the global crude oil market will approach a tipping point for price increases.