Julie Morgan

Trump said the U.S.

has received a 10-point proposal from Iran

and it is a workable basis on which to negotiate.

According to a statement from Iran shared by President Trump on Truth Social, the Minister of Foreign Affairs said if attacks are halted, they will cease their defensive operations.

It goes on to say that safe passage through the Strait is possible if it is coordinated with Iran's armed forces.

GoPro is restructuring its business to lower operating costs and improve leverage.

This includes a workforce reduction of about 145 employees, or roughly 23% of its staff.

The job cuts will take place in Q2 and are expected to be substantially completed by the end of this year.

As a result of severance payments and health care benefits, GoPro expects to incur a charge of between $11.5 and $15 million.

The reorganization comes as the company struggled to earn a profit over the past two years, most recently reporting a loss of $0.02 per share on the lack of any meaningful revenue growth.

GoPro shares are down 48% so far this year, underperforming the S&P 500 by 44 percentage points.

A massive fire at a Kimberly-Clark warehouse in Southern California put pressure on shares on Tuesday.

KBM closed Tuesday 4% lower.

But there's somewhat of a reversal happening so far in pre-market action.

KBM is up 2%.

According to the fire department, the flames grew exponentially at the 1.2 million square foot facility,

resulting in the roof collapsing and forcing firefighters to retreat from the fire.

It appears the fire may have been intentionally set by an employee of the warehouse.

A person of interest is currently in custody.

Now for a look at what's trending, the first two stories are related to our top story.