Wall Street has decided the war is already over as stocks rally globally on peace talk progress

Good morning. On Fortune’s radar today:

• The Trump administration does a big U-turn on AI.
• Iran confirms it is considering U.S. peace proposal.
• Markets: Wall Street prices in peace.
• The White House is worried about the jet fuel situation.
• Paycheck deposits offer a clue to April’s jobs number.
• Singles are increasingly refusing to pay for Tinder.
• Inside Amex CEO Stephen Squeri’s wardrobe makeover.

This...