Episode Details

The U.S. and Iran both sign their MOU for their peace framework. Crude prices tumble with hopes growing that the Strait of Hormuz will now re-open. President Trump warns the U.S. will reserve the right to retaliate should Tehran violate the deal. The Federal Reserve holds rates steady during Kevin Warsh’s first decision as chairman of the central bank, but officials say hikes loom later in the year. Warsh said his key concern is to bring inflation back to its 2 per cent target. The CEOs of Anthropic, Google and DeepMind have led calls for a U.S.-led AI coalition for the sector. Tech executives and world leaders have convened at the G7 summit in Evian, France where French President Emmanuel Macron warned against nationalistic policies within the sector.

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