Nvidia invested $3.5 billion in convertible bonds that can be exchanged for shares in MediaTek, a Taiwanese semiconductor manufacturer. ^[1] US stock markets opened lower on Monday, with the S&P 500 down 0.3%, the Nasdaq down 0.2%, and the Dow Jones down 0.5%. ^[2] Oil prices jumped two percent and world shares skidded on Tuesday as recurring violence in the Iran war heightened uncertainty over the future of the conflict. ^[3] Nvidia's stock rose 0.2% following the investment news. ^[4] The new California legislation aims to update wildfire defense systems but does not shift liability risk away from publicly listed companies. ^[5] Brent crude gained two percent to US$92.35 per barrel after the US attacked rocket launchers on an Iranian island on Sunday, saying they were preparing to launch mines into the Strait of Hormuz. ^[6] Edison International slumped 23.1 percent and PG&E fell 20.1 percent for the two steepest declines following reports about potential California wildfire legislation that would allow insurers to sue utilities over related claims. ^[7] Shares in online fast-fashion retailer Shein fell as much as 10 percent after they began trading in Hong Kong on Tuesday, closing 4 percent lower. ^[8]