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Date:2026-06-12 UTC

US and Iran are on the verge of signing a peace deal to end their war, with Pakistan's prime minister confirming agreed wording and multiple officials expressing 80-85% confidence. SpaceX made history with the largest IPO ever, making Elon Musk the world's first trillionaire and widening the wealth gap. Trump's DOJ approved the $111 billion Paramount-Warner Bros. merger, uniting two major studios despite potential state lawsuits. Thailand mourns Princess Bajrakitiyabha, who died at 47 after three years in a coma.

US and Iran near final peace deal to end war

US and Iran near final peace deal to end warPakistan's prime minister announced that the US and Iran have agreed on the wording of a deal to end their war. Iran's foreign minister confirmed a ceasefire has never been closer, and a senior US official said there is 80-85% confidence a peace deal will be signed. President Trump suggested the signing could happen within days, though some reports indicate the terms may favor Tehran. Diplomatic momentum has accelerated sharply in the past week.

SpaceX IPO makes Elon Musk world's first trillionaire

SpaceX IPO makes Elon Musk world's first trillionaireSpaceX shares surged 19% on their first trading day following the largest IPO in history, catapulting Elon Musk to become the world's first trillionaire. The landmark IPO has sparked debate about the wealth gap and whether traditional rules of capitalism still apply. Market analysts are closely watching how Musk's unprecedented fortune reshapes global wealth dynamics.

Trump DOJ approves $111B Paramount-Warner Bros merger

Trump DOJ approves $111B Paramount-Warner Bros mergerThe US Justice Department under the Trump administration has approved the $111 billion merger of Paramount and Warner Bros., combining two of Hollywood's biggest studios and putting CNN and CBS News under the same corporate roof. The deal still faces potential legal challenges from state lawsuits. Industry observers say the merger will fundamentally reshape the media and entertainment landscape.

Thailand mourns Princess Bajrakitiyabha dead at 47

Thailand mourns Princess Bajrakitiyabha dead at 47Thailand's Princess Bajrakitiyabha has died at age 47 after spending three years in a coma. Crowds gathered across the country to mourn and pay tribute to the beloved royal figure. Her death marks a significant moment for the Thai monarchy and has prompted an outpouring of national grief.

Trump calls off strikes on Iran citing deal breakthrough

Trump calls off strikes on Iran citing deal breakthroughPresident Trump called off the latest threats to strike Iran, citing a breakthrough in talks to end the war. He stated that the US has reached a 'great settlement' with Iran. However, some analysts note that several of Trump's original objectives in the conflict remain unfulfilled even as negotiators move toward a final agreement.