US stock markets close lower (S&P 500 -0.2%, Dow -0.6%, Nasdaq -0.0%) (More) | Archer Aviation shares rise roughly 20% after unveiling autonomous military craft dubbed Thunder in partnership with defense firm Anduril (More, w/photos)  

> AMC Entertainment shares jump nearly 27% after America's largest movie theater chain posted record quarterly revenue of $1.6B and surprise adjusted profit (More) | Seewho still goes to the movies (More, w/data) 

> Federal judge blocks Paramount-Warner Bros. Discovery merger for two weeks amid an antitrust lawsuit led by California and 11 other states

Iranian-backed Houthi rebels in Yemen declare naval embargo on Saudi Arabia; closure of Bab el-Mandeb Strait to the Red Sea could reduce global oil supply by as much as 7% (More) | Why did the four-year truce crumble last week? (More)

> UK's Andy Burnham becomes the country's seventh prime minister in a decade after his official meeting with King Charles III (More) | How might Burnham approach US-UK relations? (More)

> FBI arrests Army veteran Andrew Arrabaca, accuses him of planting an incendiary device and setting a fire outside a federal building in New York City (More) | See video (