Tax & Migration: Washington’s new 9.9% “millionaires tax” is already reshaping where wealthy residents plan to live, with some weighing a move to no-income-tax Tennessee ahead of the fall vote on Initiative 645. Geopolitics & Finance: The U.S. escalated pressure on Iran with strikes and signaled more weekly secondary sanctions, starting with banks—an approach aimed at squeezing Iran’s financial channels. NYC Policy & Business Climate: New York activists rallied at a Tesla site demanding stronger data center moratoriums, while a separate op-ed argues statewide moratoriums can hit schools and homeowners hardest by raising property taxes. Markets & Wall St Watch: Korea Exchange will hold an investor road show in New York to boost foreign access and sign an MoU with NYSE. Real Estate & Consumer Impact: NYC is increasing cooling tower inspections after legionnaires’ outbreaks, adding compliance costs for building owners. Crypto & Capital: Third Point’s 13F shows bets on Bitcoin miners pivoting to AI, plus exposure to Block. Local Economy & Culture: Shake Shack set an opening date for a new South Naples location, underscoring how NYC brands keep expanding.