Swarmer ($SWMR) just had a successful IPO, skyrocketing 520% in its first day of trading. But its bigger ambition is to become the “Microsoft of drones.” Zaid sits down with U.S. CEO Alex Fink to break down the business behind drone warfare software, and how the company has put its tech to the test since first deploying it in Ukraine. They unpack the economics of the drone warfare stack, Swarmer’s latest financials, and why software is emerging as the key battleground. Plus, how much of this growth depends on active conflicts and what investors should be watching next.

In today's deep dive, Zaid breaks down the economic fallout from the largest oil supply disruption in history. Oil flows through the Strait of Hormuz dropped 97%, gas crossed $4 a gallon, diesel spiked 45%, Europe is running low on jet fuel and the Fed is warning about stagflation.

Zaid explains the economic ripple effects, why Iran’s economy held up better than expected and how long it could take for things to return to normal once the Strait of Hormuz fully re-opens

Market update for Friday April 17, 2026

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In today’s episode:

• Iran opens the Strait of Hormuz, oil drops below $90

• Netflix beats earnings but the stock gets crushed anyway (plus Reed Hastings is leaving)

• Google's SpaceX investment could be worth $100 billion.

• Elon is buying his own Cybertrucks to prop up sales numbers

• NiSource lands energy deals with Google and Amazon for AI data centers

• Alcoa misses on earnings

• NBA ratings hit a 7-year high