🇺🇸🇮🇷 White House released full text of the MoU
The points summarised are as follows:
1. The U.S. and Iran, and their allies in the current war, by signing this MoU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other, and to refrain from the threat or use of force against each other, and ensuring the territorial integrity and sovereignty of Lebanon.
2. The U.S. and Iran will respect each other's sovereignty and territorial integrity and refrain from interfering in each other's internal affairs.
3. The U.S. and Iran commit to achieving a final deal in a maximum of 60 days, extendable with mutual consent.
4. The U.S. will immediately begin the removal of its naval blockade and any disturbances or impediments against Iran, and will fully end the naval blockade within 30 days. During this period, the traffic will be in proportion to the number of pre-war traffic being restored by Iran. The U.S. further undertakes to remove its military forces from the proximity of Iran within 30 days after the final deal.
5. Iran will make arrangements for the safe passage of commercial vessels with no charge for 60 days from the Persian Gulf to the Sea of Oman, and vice versa. The traffic of commercial vessels will immediately start, considering the need for removing the technical and military obstacles and demining, within 30 days. Iran will conduct a dialogue with Oman to define the future administration and maritime services in the Strait of Hormuz in discussion with other Persian Gulf littoral states in line with international law and the sovereign rights of coastal states of the Strait of Hormuz.
6. The U.S. undertakes with its regional partners to develop a definitive, mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of Iran, as part of the final deal after 60 days. All required licenses, waivers, and permissions will be granted.
7. The U.S. will terminate all types of sanctions against the Islamic Republic of Iran, including the UNSC resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, primary and secondary, in an agreed-upon schedule as part of the final deal.
8. Iran reaffirms that it shall not procure or develop nuclear weapons. The U.S. and Iran have agreed to resolve the disposition of stockpile enriched materials, pursuant to a mechanism that will be mutually agreed upon in accordance with the schedule mentioned in paragraph seven, with at a minimum a downblending on site under the supervision of the IAEA. The two parties also agreed to discuss the issue of enrichment and other mutually agreed matters related to Iran's nuclear needs.
9. Pending the final deal, the U.S. and Iran agree to maintain the status quo. Iran will maintain the current status quo of its nuclear program, and the U.S. will not impose any new sanctions and will not deploy additional forces in the region.
10. The U.S. undertakes that immediately upon the signing of this MoU, waivers will be issued for the export of Iranian crude oil, petroleum products, and derivatives, and all associated services, including banking transactions, insurances, transportation, etc.
11. The U.S. undertakes to make fully available for use the frozen or restricted funds of the Islamic Republic of Iran upon the implementation of this MoU. The U.S. and Iran will mutually agree on the procedures related to the release of these funds during the negotiations.
12. A monitoring mechanism will be established to supervise the implementation of this MoU and the subsequent deal.
13. After signing this MoU and subject to the beginning of the implementation of paragraphs 1, 4, 5, 10, and 11, and the continuing implementation of these measures, the U.S. and Iran will start negotiations regarding the final deal.
14. The final deal will be endorsed by a UNSC Resolution.
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BREAKING: The US has released the full text of its 14-point "Memorandum of Understanding" with Iran.
Key terms include:
1. The US, Iran, and their allies agree to immediately and permanently end military operations on all fronts, including in Lebanon
2. The US and Iran agree to respect each other's sovereignty and territorial integrity and not interfere in each other's internal affairs
3. The US and Iran commit to negotiating and reaching a final deal within 60 days, unless mutually extended
4. The US will begin removing its naval blockade immediately and fully end the blockade within 30 days
5. Iran will use its best efforts to ensure safe passage for commercial vessels through the Strait of Hormuz for 60 days with no charge
6. The US and regional partners will develop a mutually agreed plan of at least $300 billion for Iran's reconstruction and economic development
7. The US will work toward terminating all types of sanctions against Iran, including UN, IAEA, primary, and secondary sanctions
8. Iran reaffirms that it will not procure or develop nuclear weapons and agrees to address its enriched material stockpile under IAEA supervision
9. Until a final deal is reached, Iran will maintain the current status quo of its nuclear program, while the US will impose no new sanctions and deploy no additional forces
10. The US Treasury will issue waivers for Iranian crude oil, petroleum products, derivatives, and associated banking, insurance, and transportation services
11. The US will make frozen or restricted Iranian funds and assets fully available for use
12. The US and Iran will establish an executive mechanism to monitor implementation of the MOU and future compliance with the final deal
13. After signing the MOU and implementing key ceasefire, blockade, shipping, oil waiver, and asset-release provisions, the US and Iran will begin final deal negotiations
14. The final deal will be endorsed by a binding UN Security Council resolution
The memorandum will trigger a 60-day window to negotiate a final deal.
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pinging my app developer mutuals on X
ive recently procured one of these SHARP SH-06D NERV evangelion edition thingies
it is running 4.0.4 ICS, 1GB RAM, 4GB storage (w/ SD slot!) and I want to root it and develop some custom stuff
however, Claude shits itself and not only restricts Fable but Opus too - recommends I use Sonnet!?! WTF!
Absolutely disappointed - thinking of running
@NousResearch x
@Kimi_Moonshot instead via openrouter for barebones android app development (15 year old phone, by the way)
any suggestions from my dev mutuals?
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Been inviting 3-4 people to my house everyday to have 1:1s.
Would love to invite some coworkers and mutuals. Message me in slack or text my number!
Premarket movers:
Mag 7 names are mostly higher: Tesla +0.4%, Alphabet +0.3%, Amazon +0.4%, Meta +0.2%, Apple +0.2%, Microsoft -0.3%, Nvidia -0.3%
Affirm Holdings (AFRM) climbs 13% after the financial technology company forecast revenue for the first quarter that beat the average analyst estimate. Also, the company and Shopify expanded their global partnership to launch Shop Pay Installments in Australia.
Autodesk (ADSK) falls 4% as the application software company forecast adjusted earnings per share for the third quarter that missed the average analyst estimate. Citi notes that the company’s sales growth looks to be moderating in the second half of the year.
Elastic (ESTC) rises 18% after the company boosted its adjusted earnings per share guidance for the full year and posted guidance that beat the average analyst estimate.
Gap (GAP) gains 14% after the apparel retailer named Michael Francis as head of Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance.
Marvell Technology (MRVL) reported second-quarter results that modestly beat expectations and gave an outlook that is above the analyst consensus. However, shares of the chipmaker are down 7%; the stock had soared more than 180% this year, as of its Thursday close.
PayPal (PYPL) falls 17% as people familiar with the matter say that a consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of the fintech pioneer.
SentinelOne (S) falls 3% as the cybersecurity platform’s forecast for fiscal-year adjusted EPS trails the average estimate.
Solstice Advanced Materials (SOLS) rises 15% after the company and Element Solutions mutually agreed to terminate their merger pact.
Ulta Beauty (ULTA) falls about 1% as higher discounts and promotions weighed on the cosmetics retailer’s margins. Analysts said gross margins were underwhelming but noted guidance could be conservative.
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BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings.
To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001.
At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just 11.7%.
By comparison, the bottom 50.0% of earners hold just 1.1%.
As a result, the top 10% of earners now own ~87.4% of all equity and mutual fund assets.
Asset owners are the only winners in this economy.
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On the surface, matching tariffs dollar for dollar looks tough: 3/4 of everything Canada exports goes to the US, and those goods account for about 1/5 of Canadian economy. The same trade is only worth about 1% of America’s.
But Canada is a great middle power whose advantage lies in having flexible, polyamorous relations. China can pick up the slack and blunt the bite of those tariffs. It’s been going in that direction - the new Pacific pipeline, ginger steps on Chinese EVs, more canola exports etc.
However, opportunistic volumes are not true diversification. With the weight of experience, Canada needs a supply-side shift that treats China as a long-term partner. Such structural change is hard and politically cumbersome. It still has to be done.
Start by scrapping the EV restrictions which is largely protectionist of American interests. Build Chinese auto factories instead. Take in Chinese machinery and parts (which are the top US-Canada trade), expand Pacific routes, and buy Great Wall wine.
Today is the chance to discuss a free-ish trade agreement. Quit the virtue signalling that always ends up in fruitless bickering. What actually matters is mutual prosperity.
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IMT 5 IS ACTIVATED.
Today, CAL FIRE Incident Management Team (IMT) 5 will transition into Washington, replacing IMT 4, which has been supporting wildfire response efforts on the Sinlahekin Fire.
IMT 5 will continue providing support and assistance to the state of Washington as wildfire response efforts continue.
#
IMT# #
CALFIRE# #
MutualAid# #
Wildfires#
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🚨𝗪𝗵𝗮𝘁 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱 𝘁𝗼 𝘁𝗵𝗲 𝟱𝟲 𝗺𝗲𝗻 𝘄𝗵𝗼 𝗽𝗹𝗲𝗱𝗴𝗲𝗱 𝘁𝗵𝗲𝗶𝗿 𝗹𝗶𝘃𝗲𝘀 𝗮𝗻𝗱 𝗳𝗼𝗿𝘁𝘂𝗻𝗲𝘀 𝘁𝗼 𝗳𝗼𝘂𝗻𝗱 𝘁𝗵𝗲 𝗨𝗦𝗔?
The 56 Men Who Pledged Their Lives, Fortunes, and Sacred Honor:
On July 4, 1776, 56 brave men signed the Declaration of Independence. They knew that if they failed, they would be hanged as traitors to the British Crown. In the final sentence of the document, they declared:
“And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.”
These were not wild-eyed radicals. They were lawyers, merchants, farmers, doctors, and men of means and education. Many had everything to lose.
Their Sacrifices Were Real:
- 9 signers died during the Revolutionary War from wounds or the hardships of war.
- 5 were captured by the British and brutally tortured as traitors.
- 12 had their homes completely ransacked and burned to the ground.
- 17 lost everything they owned.
Several had wives and children imprisoned or killed.
Two lost sons in battle; another had two sons captured.
Many were hunted, driven from their homes, and forced to live in hiding.
Some notable examples:
Francis Lewis (New York): His wife was imprisoned and tortured by the British. She never recovered and died soon after.
Richard Stockton (New Jersey): Dragged from his bed in the middle of the night, imprisoned, and his home burned.
Thomas McKean (Delaware): Forced to move his family constantly to avoid capture.
Carter Braxton (Virginia): A wealthy merchant who lost almost all his ships and fortune supporting the war. He died in poverty.
John Hart (New Jersey): His home was destroyed, his farm ruined, and he was forced to hide in caves. He returned to find his wife dead and children vanished.
NOT ONE of them backed out. NOT ONE defected. NOT ONE betrayed the cause.
They gave everything so that a new nation founded on liberty could be born.
This Independence Day, remember the price these 56 men and their families paid. They didn’t just sign a piece of paper. They risked everything for the idea that “all men are created equal” and "endowed by their Creator" with unalienable rights.
Freedom is not free.🇺🇸
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Wifey and I just celebrated our 24 year anniversary
10 Tips I would have given myself 24 years ago....
1. Be the leader, set the pace, be the model
2. Love and respect her, dying to yourself for her and the family
3. Become the best you can be, your wife and family depend on it
4. Work hard, be the provider, but don't sacrifice family for money
5. Keep God at the center, you both need a rock to build the marriage, life and family on
6. Be intentional, what does a perfect marriage look like, what actions, and then work to build that
7. Maintain and build mutual interests and hobbies, you gotta play together
8. Don't sweat the small stuff, most things are not worth fighting over
9. Desire her, chase her, date her, it never ends
10. Think long term, play the long game, because marriage is about building a life together, fore-ever
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