The World in Brief from The Economist

America and Iran have agreed to a ceasefire, Donald Trump announced on social media.

Donald Trump criticised an Israeli strike on southern Beirut, saying it “should not have happened”.

Donald Trump wrote on social media that a peace deal with Iran was scheduled to be signed on Sunday.

Hungary’s populist-right Fidesz party re-elected Viktor Orban as its leader despite his defeat in April’s general election

Hungary’s populist-right Fidesz party re-elected Viktor Orban as its leader despite his defeat in April’s general election

Shares in SpaceX popped on their first day trading on the Nasdaq, valuing the firm at around $2.1trn—and making its boss, Elon Musk, the world’s first trillionaire.

A federal judge extended a block on the creation of Mr Trump’s $1.8bn “Anti-Weaponisation Fund” for supposed victims of “lawfare”

Shares in SpaceX popped on the company’s first day trading on the Nasdaq, valuing the firm at around $2.1 trillion. Also, Pakistan’s prime minister, Shehbaz Sharif, said the final text for a peace deal between America and Iran had been reached.

Donald Trump claimed to have reached a “great settlement” with Iran, meaning Iran would never have a nuclear weapon. Also, SpaceX raised $75bn in the world’s biggest initial public offering.