• Market rally hesitates due to escalating tensions in the Strait of Hormuz.
• $Palantir Tech(PLTR.US)'s Q1 earnings and revenue exceeded estimates, driven by growth in its U.S. government business. • $XBI shows strength. • Lattice Semiconductor $Lattice Semicon(LSCC.US) and $ON Semiconductor(ON.US) Semiconductor both reported strong earnings, but ON's stock dropped. • $Grayscale Bitcoin Mini Trust ETF(BTC.US) approaches $80,000 following a compromise on the Clarity Act regarding stablecoin yields. • $Eli Lilly(LLY.US) recovered after a patient experienced liver failure from its weight-loss pill. • $Mirum Pharmaceuticals(MIRM.US) shares surged to an all-time high due to positive liver disease treatment results.