US President Donald Trump during an executive order signing in the Oval Office of the White House in Washington, DC, US, on Wednesday, June 3, 2026. <\/p>\n
Shawn Thew | Bloomberg | Getty Images<\/p>\n
Hello, this is Katie Foley writing to you from London. Welcome to today’s edition of the Daily Open newsletter.<\/p>\n
It genuinely feels like we could be on the cusp of some big shifts. <\/p>\n
It’s now confirmed \u2014 next week we will see the biggest IPO of all time in SpaceX. <\/p>\n
The Israel-Lebanon ceasefire announced overnight has seen oil ease off, and although we’ve heard it before, U.S. President Donald Trump says a deal with Iran could come “over the weekend”.<\/p>\n
Investors are hoping that several of the year’s biggest unanswered questions are nearing a resolution.<\/p>\n
What you need to know today<\/p>\n Global stocks are sliding, with Asia-Pacific markets tracking Wall Street losses<\/a> overnight. European and U.S. futures<\/a> point to continued pressure in today’s session.<\/p>\n But oil has eased off slightly as Israel and Lebanon agreed to implement a ceasefire<\/a>, after talks brokered by the U.S., boosting hopes for a broader deal to end the U.S.-Israeli war with Iran.<\/p>\n Israeli Prime Minister Benjamin Netanyahu said in a wide-ranging interview with CNBC’s Sara Eisen<\/a> in Jerusalem on Wednesday that President Trump had warned Iran of “a full-scale return to military action,” if necessary, emphasizing that it would ultimately be the U.S. president’s decision. Netanyahu, however, noted that there had been tactical disagreements between the U.S. and Israel, though they were largely on the same page on their Middle East strategy.<\/p>\n Meanwhile the U.S. House of Representatives delivered a largely-symbolic rebuke<\/a> to Trump’s authority on Iran, with four Republicans joining Democrats to vote for a resolution that would block the U.S. President from continuing the war without Congressional approval.<\/p>\n In corporate news, SpaceX finally made it official, setting a fixed price of $135 per share<\/a> for its IPO next Friday, with a valuation of $1.77 trillion. That move is set to make CEO Elon Musk the world’s first trillionaire<\/a>. But don’t assume it will all be plain sailing, a CNBC review of 30 major initial public offerings over the past 15 years<\/a> shows stocks tend to fall and suffer sharp drawdowns in the first year.<\/p>\n Elsewhere, the EU unveiled its long-delayed “tech sovereignty” package, which aims to wean the bloc off dependence on U.S.and Chinese tech giants<\/a>. The measure has unsurprisingly faced criticism that it does not go far enough. Former U.K. Deputy Prime Minister and Meta’s former President of Global Affairs Nick Clegg told CNBC that European AI laws are a “dog’s dinner<\/a>.”<\/p>\n On the diplomatic front, Trump confirmed in a post on Truth Social he will travel to Evian, France later this month for the G7, where he might run into OpenAI chief Sam Altman who was personally invited by President Emmanuel Macron<\/a>, as exclusively reported by CNBC.<\/p>\n \u2014 Katie Foley<\/p>\n And finally…<\/p>\n