Deal or no deal? Iran outlines draft terms; SpaceX hits Wall Street

President Donald Trump says a deal with Iran is nearly complete. Tehran is discussing reopening the Strait of Hormuz, but it’s still refusing to confirm that the agreement is final. Plus, Trump’s controversial intelligence pick creates a Capitol Hill headache, and now he’s moving to replace him before a key surveillance deadline hits. And SpaceX begins trading Friday in what could become the biggest IPO ever. The debut could make Elon Musk the world’s first trillionaire, and quickly land the stock in millions of retirement accounts. These stories and more highlight your Unbiased Updates for Friday, June 12, 2026.