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# Evening Scan
- URL: https://adjacent.media/scan/2026-06-30-pm/
- Published: 2026-06-30T23:08:02.000Z
- Updated: 2026-06-30T23:08:02.000Z
- Description: The quarter ended stronger than almost anyone predicted coming out of the Hormuz uncertainty — S&P up nearly 15% in three months, the best run since 2020. Today’s actual news was a quieter mix of regulatory moves and a Supreme Court ruling that’s been a long time coming.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

The quarter ended stronger than almost anyone predicted coming out of the Hormuz uncertainty — S&P up nearly 15% in three months, the best run since 2020\. Today's actual news was a quieter mix of regulatory moves and a Supreme Court ruling that's been a long time coming.

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#### [Stocks Notch Strongest Quarter Since 2020](https://www.nytimes.com/2026/06/30/business/oil-gas-prices-iran.html?ref=adjacent.media) (paywall)

The S&P 500's nearly 15% Q2 run happened despite — or maybe because of — the market deciding the Hormuz situation was someone else's problem. *(NYT)*

#### [Supreme Court Rules Privacy Protections Apply to Geofence Warrants](https://siliconangle.com/2026/06/29/supreme-court-rules-constitutional-privacy-protections-apply-geofence-warrants/?ref=adjacent.media)

Law enforcement now needs probable cause before sweeping up bulk cellphone location data from Google and Apple — a ruling that's been structurally overdue since geofence warrants became routine. *(SiliconANGLE)*

#### [UK CMA Proposes Letting Developers Steer Users Off Apple and Google Payments](https://thenextweb.com/news/uk-cma-app-store-payment-steering?ref=adjacent.media)

Britain's competition regulator is moving to let apps tell users where the cheaper option actually lives — which has never been the App Store. *(The Next Web)*

#### [Australia Sues Amazon Over Prime Video Ads](https://thenextweb.com/news/australia-sues-amazon-prime-video-ads?ref=adjacent.media)

The ACCC alleges Amazon buried unfair terms in Prime contracts and then used them to charge existing subscribers more to avoid ads they never agreed to see. *(The Next Web)*

> “Constitutional privacy protections apply to geofence warrants.” — *U.S. Supreme Court*