Futures Rebound As Brent Dips Below $100

GameStop CEO Prepares Takeover Bid For eBay Update: GameStop - the meme stonk that also happens to sell video games, is making an unsolicited offer to buy Ebay for around $56 billion, and already has a commitment letter from TD Bank to provide $20 billion in debt financing to help make it happen, the Wall Street Journal reports.  Late last month, eBay reported strong first-quarter results. Anna Webber/Getty Images for Teen Vogue According to Cohen, GameStop has built up a 5% stake in Ebay and is offering $125/share in cash and stock - which makes for a roughly 20% premium...

US Explores High-Risk Plan To Seize Iran's Nuclear Stockpile In Potential Gateway To Ground Troops Update(1555ET): The United States and Israel are boasting of having effectively achieved total air superiority over Iran's skies, but this presents yet more questions as to what the end-game will be. The allies have as one key goal securing Iran's stockpile of highly enriched uranium - most of which may be buried deep under a destroyed nuclear site at Isfahan (taken out during the June war) - but then the conundrum remains... how? Axios reports on one plan which...

EU Imposes Drastic Tariffs on Chinese Goods: Is A Trade War Looming? Submitted by Thomas Kolbe Tensions in international trade policy are escalating on multiple fronts. After the U.S. Supreme Court initially declared the tariff regime implemented by President Donald Trump since April of last year unlawful, it appears the administration has explored new ways to stabilize its tariff policy going forward. The signs on the international trade front continue to point toward turmoil. Not least, it is the ramped-up Chinese export machine that is increasingly in the crosshairs of U.S. protectionism...