Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Monday, June 16th, and I'm your host, Kim Khan. Our top story so far. Iran has been

sending signals to Israel and the U.S. through Arab intermediaries as it looks to de-escalate the

conflict and resume talks over nuclear deals. The Wall Street Journal says Tehran has reached out

to Arab officials and said they would be willing to come back to the table as long as the

U.S. stays away from the attack. Iran has also sent communications to Israel, saying it was best for both

sides to keep the violence contained.

Stocks rallied right after the report hit, with the S&P 500, Nasdaq and Dow, rising up to about 1.5%.

US crude and Brent sank nearly 4%, and gold lost 1%.

Among active stocks, ads are coming to WhatsApp, according to an official statement

by the messaging platform's parent meta. The move by meta will contribute to its already

strong ad revenue, which rose 16% to 41.4 billion in the first quarter of this year. The company

is introducing ads, along with channel subscriptions and promoted channels, which are expected

to boost the reach of businesses and content creators. The ads will appear in the Updates tab under status

and channels. Surrepta therapeutics is plunging after the company reported a second fatality

from acute liver failure in a patient treated with Levidis, a gene therapy marketed

with Roche for Duchyne muscular dystrophy,

a rare muscle disorder. The death follows a similar incident three months ago, in which a teenage

boy died after receiving the same therapy. Both individuals are unable to walk because of advanced

stages of the disease. Surrepta has halted an ongoing clinical trial and temporarily suspended

distribution of a levidis for patients no longer able to walk.

And Roku is rallying after the company in Amazon ads announced a new integration that gives advertisers access to the largest authenticated connected TV footprint in the U.S. exclusively through Amazon DSP.

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