Senate advances Iran war resolution as Treasury yields hit 15-year highs, pressuring markets. Long-term Treasury rates climbed to 5.197%, the highest since July 2007, driven by inflation concerns exacerbated by geopolitical tensions. The S&P 500 suffered its third consecutive loss amid rising yields, while the Nasdaq and Dow also declined. President Trump faces mounting political headwinds ahead of midterms, with the Senate rebuke signaling bipartisan concerns over military escalation. Energy prices remain elevated as markets digest war risks. In tech, Google launched Gemini 3.5 Flash, a cost-efficient AI model, while Anthropic hired OpenAI co-founder Andrej Karpathy, intensifying competition for artificial intelligence talent and resources.
