The World in Brief from The Economist

OpenAI, the maker of ChatGPT, confidentially filed for an initial public offering.

Israel and Iran agreed to halt strikes, but threatened to retaliate if attacks resumed. Also, American stocks climbed as the value of chipmaking firms rebounded following a sell-off on Friday.

Israel said it struck a petrochemical plant and air-defence facilities, among other sites, in its first missile attack on Iran since a ceasefire was signed in April. Also, The exchange of fire between Israel and Iran drove the price of Brent crude up by 4% to nearly $97 a barrel.

Iran fired missiles and drones at northern Israel following Israeli strikes on Hizbullah, an Iran-backed militia, in Beirut, Lebanon’s capital.

Iran fired missiles and drones at northern Israel following Israeli strikes on Hizbullah, an Iran-backed militia, in Beirut, Lebanon’s capital.

America shot down four Iranian drones that “posed an immediate threat to regional maritime traffic”, its forces said.

America’s Department of Agriculture said a second case of the screwworm parasite had been found in a calf on a ranch in Texas

America’s Department of Agriculture said a second case of the screwworm parasite had been found in a calf on a ranch in Texas

The Nasdaq index of technology companies suffered its biggest daily drop in more than a year, falling more than 4% amid a wider sell-off.