Evening Briefing — June 12, 2026

Iran Deal Developments. Leaked details of a pending Iran deal have angered Trump, with reports suggesting the agreement could include reopening Hormuz. The Trump administration indicates a deal signing is likely in the coming days, though it is not 100% certain. This potential deal is described as a bitter pill for Netanyahu and has already impacted global oil prices, which ended at a 3-month low after Pakistan announced a U.S.-Iran peace deal had been reached.

DOJ Actions. The Department of Justice has asked an appeals court to allow Trump's name to remain on the Kennedy Center, despite a judge previously stating it must be removed. The appeals court is currently weighing an emergency request regarding the name's status. Separately, the DOJ has approved Paramount Skydance's acquisition of Warner Bros. Discovery, a merger that also received approval from the U.S. Justice Department. The DOJ is also suing Virginia over a mask ban for federal agents, specifically citing an "unconstitutional" ICE mask ban.

SpaceX IPO and Musk. Elon Musk has become the world's first trillionaire following the SpaceX IPO, which saw the company begin trading on the Nasdaq. The IPO closed up 19%, with reports highlighting how Musk "nailed" the offering. This historic event has generated significant attention regarding Musk's financial status and SpaceX's market performance.