‘Something sinister’: What we know about the FBI probe into dead and missing scientists linked to space and military industries

Good morning. On Fortune’s radar today:

Markets: U.S. futures are down before the open.

“Something sinister”: Details on the FBI probe into the dead and missing scientists.

Iran ceasefire extended but peace talks stall.

What if the Iran war is really about controlling all the world’s pinchpoints?

Oil companies are having a good war.

David Zaslav doesn’t want his $550 million exit package.

The Strait of Hormuz blockade is making condoms more expensive.

Wall Street says buy the war, sell the World Cup

Oil rose to $98 per barrel this morning, up from $95 the day before. S&P 500 futures rose 0.52% before the open in New York. The index closed down 0.63% yesterday at 7,064. Asia was mostly up today. Europe was flat in early trading. Bitcoin remains stuck at $74K.

A bunch of banks upgraded their price targets for the S&P 500:

Wells Fargo: “We continue to expect [the S&P 500] overshooting to 7,300 by July,” according to Ohsung Kwon and his colleagues. That will be driven by AI monetization, spending from the OBBBA, and the World Cup. But “The World Cup is likely the last stimulative event of the year. Sell the World Cup,” he told clients.

Goldman Sachs: “We expect a 7% rise in the S&P 500 to a year-end target of 7,600,” Ben Snider said in a recent note.

J.P. Morgan: Dubravko Lakos-Bujas and his team have also set a new price target of 7,600. But “should geopolitical tensions move toward a swift resolution (‘Blue Sky’ scenario), we would expect…an S&P 500 level of ~8,000.”

Chart from TradingEconomics.com:

“Something sinister”: FBI will look into dead and missing scientists

Two of them simply vanished. One was found shot dead on his front porch earlier this year. Three of them left home without their phones. Two of them set out carrying handguns. But all of them were linked to the military-space industry, officials say. The FBI told Fortune’s Catherina Gioino, “The FBI is spearheading the effort to look for connections into the missing and deceased scientists. We are working with the Department of Energy, Department of War, and with our state and local law enforcement partners to find answers.” U.S. House Committee Chairman James Comer said, “Once you see the facts, it would suggest that something sinister could be happening........

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