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U.S. equities gained on Thursday, boosted by a rebound in chip stocks, after President Donald Trump called off the strikes on Iran scheduled for this evening and said the U.S. is going to soon sign a deal with the country. The S&P 500 gained 1.75% to close at 7,394.30, while the Nasdaq Composite added 2.54% to 25,809.66. The Dow Jones Industrial Average rose 929.97 points, or 1.86%, and settled at 50,848.75. Trump told reporters in the Oval Office that “we have a deal that Iran will never have a nuclear weapon.” He continued, “We have a signing soon, and the documents are in pretty final shape

Prime Minister Benjamin Netanyahu and US President Donald Trump speak by phone about the emerging deal with Iran, according to the Prime Minister’s Office. In a statement that seeks to downplay the significance of the potential agreement, Netanyahu’s office says the two spoke about “the emerging memorandum of understanding with Iran regarding entry into negotiations.” In the conversation, Netanyahu expressed a rather optimistic take on an agreement, according to his office.

The Cleveland Clinic has reached a settlement with the Trump administration over pediatric gender-transition treatments, becoming the second major hospital system to do so in less than a month. Under the agreement, the hospital will stop providing puberty blockers and cross-sex hormones to minors, commit $2 million to detransition care, and pay $308,000 to resolve billing allegations The agreement, announced on Friday by the Department of Justice (DOJ) and Ohio Attorney General Dave Yost, follows a similar settlement with Texas Children's Hospital announced in mid-May. As RedState reported at the time, Texas Children's agreed to pay $10 million, cease providing pediatric gender-transition interventions,

President Trump says an agreement with the IRGC has been reached “in both concept and great detail,” and has suspended further bombing for the time being: Trump subsequently had a brief call with the New York Post in which he said, “It’s pretty much all wrapped up.” Whether this time is different from the many previous occasions on which the President has said that a deal is very close, remains to be seen. The financial markets are buying it, though: the Dow surged 1,000 points on the news.

The imminent deal ensuring Iran will never have a nuclear weapon was “the whole purpose” of the war, President Donald Trump explained Thursday at a press briefing announcing that a peace agreement will likely be officially signed in the next few days. “Just had a big day,” Pres. Trump told reporters, noting that the deal is “subject to finalization of documents” at a signing ceremony expected to take place in Europe, perhaps over the upcoming weekend. The signing will immediately trigger the end to the U.S. blockade of the Strait of Hormuz, the president said: “The strait will officially open as soon as we sign

London — UK Prime Minister Keir Starmer suffered a fresh blow on Thursday after Secretary of Defense John Healey resigned over a budget dispute, saying the government is not willing to give the British Armed Forces the “resources they need.” Soon after, Minister of State for the Armed Forces Al Carns also announced his resignation in a letter posted to X, saying that the government is “failing” to give the armed forces what they need to do the job and the “loyalty to stand by them when it’s done.” Starmer, whose government’s popularity has collapsed just two years after a landslide general election victory,