Stocks Close at Record Highs + Apple Unveils AI Plan

S&P 500 and Nasdaq close at fresh records, clinch first winning day in three as Fed decision approaches (CNBC)

Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more (CNBC)

JPMorgan Warns of a Shock to Stock Market’s Calm From CPI, Fed (Bloomberg)

Apple Debuts Long-Awaited AI Tools, Including ChatGPT Tie-Up (Bloomberg)

OpenAI Hires Sarah Friar as CFO, Kevin Weil as Chief Product Officer (The Information)

Nvidia could one day be an unprecedented 15% of the S&P 500, predicts Evercore ISI (CNBC)

‘AI bar remains high’ for AMD, says Morgan Stanley as it slashes rating (MarketWatch)

Elliott Takes Big Stake in Southwest Airlines (WSJ)

FDA advisers say Eli Lilly’s Alzheimer’s treatment is effective (CNBC)

Office Building Losses Start to Pile Up, and More Pain Is Expected (NYTimes)

The Unlikely New Real-Estate Darling: Restaurants (WSJ)

Gas prices see ‘ultra-rare’ drop to start summer (MarketWatch)

Meta Gets Supreme Court Review on Investor Data-Harvesting Suit (Bloomberg)