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American Airlines: We are ready to do everything in our power to support Spirit Airlines passengers and team members.

Ukrainian President Zelensky: We will continue to seek additional opportunities to strengthen Ukraine’s defenses through cooperation with countries with which we have had less contact before.

On May 2nd, CNN released an investigative report stating that since the military action against Iran, at least 16 U.S. military facilities in eight Middle Eastern countries have been damaged in Iranian attacks, some of which are practically unusable. This investigative report was based on dozens of satellite images and interviews with several informed sources from the U.S. and Gulf Arab countries. According to a U.S. congressional aide familiar with the damage assessment, most U.S. military deployments in the Middle East have been affected. "The assessments of the damage vary. A more pessimistic view is that some facilities have been completely destroyed and need to be shut down. However, some at the leadership level believe these facilities have strategic value and are still worth repairing."

The Federal Reserve accepted a total of $607 million from five counterparties in its fixed-rate reverse repurchase operations.

On May 2nd, US President Trump again criticized Spain and Italy, arguing that the two countries did not provide sufficient support for US military action in Iran, and claiming that these countries must "feel that it's acceptable for Iran to have nuclear weapons." "I'm not happy with Italy, and I'm not happy with Spain," Trump said. He added, "Anyone who thinks it's okay for Iran to have nuclear weapons is not very wise. If they were allowed to have nuclear weapons, the world would face unprecedented problems, but that will never happen."

The total number of drilling rigs in the United States for the week ending May 1 was 547, compared to 544 in the previous week.

The total number of natural gas drilling rigs in the United States for the week ending May 1 was 130, compared to 129 in the previous week.

Market news: Meta Platforms (META.O) is acquiring Assured Robot Intelligence, but specific terms have not yet been disclosed.

United Airlines: It is prepared to support its customers and employees should Spirit Airlines cease operations.

May 2 – The EU-Mercosur Free Trade Agreement (FFTA) came into provisional effect on May 1, but the European Court of Justice has yet to issue a ruling on its legality. European Commission President Ursula von der Leyen posted on social media that the EU-Mercosur FTA began provisional operation that day. Tariffs are starting to decrease, businesses are exploring new markets, and investors are gaining the stability they need. The provisional entry into force will demonstrate the tangible benefits of this agreement. European Commissioner for Trade and Economic Security Maroš Šefčovič recently stated that the Commission is in intensive communication with EU businesses to help them understand and utilize the market opportunities presented by the agreement. He said that this agreement, along with other trade agreements recently reached or currently being pursued by the EU, will have a real impact on the EU economy and competitiveness.

On May 2, Iranian Foreign Minister Araqchi stated that Iran remains willing to engage in diplomatic dialogue with the United States if Washington changes its "expansionist approach" and "threatening rhetoric." Araqchi expressed this view during recent calls with officials from Turkey, Qatar, Saudi Arabia, Egypt, Iraq, and Azerbaijan. The statement added, "The Iranian armed forces are also fully prepared and ready to resolutely and comprehensively defend the country against any threat or aggression."

US President Trump: The naval blockade against Iran is powerful and effective.

US President Trump: (Regarding Anthropic) We had a very good meeting.

European Parliament Trade Committee Chairman Lange: The US has repeatedly violated the agreement. This latest move demonstrates just how unreliable the US is.

European Parliament Trade Committee Chairman Lange: At both the EU and European Parliament levels, we are adhering to the agreement reached (with the US) in Scotland.

US President Trump: I just had a conversation with Iran.