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Deal expected to be signed Friday. (0:16) Stocks rise as oil tumbles. (1:07) U.K. announces social media ban. (2:01)

The following is an abridged transcript:

The U.S. and Iran have agreed to a peace deal to end the war, a move that will halt the U.S. blockade and reopen the Strait of Hormuz. But the official text of the memorandum of understanding remains unpublished.

Key details—including long-term access to the Strait of Hormuz, restrictions on Iran’s nuclear program and the situation in Lebanon—have yet to be disclosed.

President Trump told The New York Times he would resume military action if Tehran failed to reach a broader nuclear agreement with the U.S. Negotiations and a formal signing are scheduled for Friday in Switzerland.

According to Iranian state-affiliated Mehr News, the 14-point draft includes an end to the war, including in Lebanon, the withdrawal of U.S. forces around Iran, sanctions relief and reconstruction plans.

But Israeli Prime Minister Benjamin Netanyahu has already rejected a Lebanon-related provision, saying Israel is not bound by that clause.

In reaction, stock-index futures are rallying while oil prices tumble and Treasury yields move lower.

Brent crude (BNO) is down about 5%, while WTI (USO) is also off more than 5%.

Nasdaq 100 futures (US100:IND) lead the advance, up about 2%, while S&P 500 futures (SPX) are up more than 1%.

Anthropic (ANTHRO) is scrambling to restore access to its most advanced AI models, dispatching senior technical staff to Washington for meetings with White House officials, Axios reported.

The Trump administration ordered Anthropic to suspend access to its newly released Fable 5 and Mythos 5 models for foreign nationals, citing national security concerns.

Anthropic said the directive effectively forced it to disable the models for all users worldwide to ensure compliance.

According to Axios, company staff have been holding discussions with administration officials since Friday, while senior technical personnel traveled to Washington for in-person talks aimed at restoring access.

And U.K. Prime Minister Keir Starmer announced a social media ban for children under 16, following a model similar to Australia’s.

“Parents want to keep their kids safe and happy, but the online world has made that harder than ever,” Starmer said. “This is a line in the sand.”

The ban will cover platforms including Snapchat (SNAP), TikTok (TIKTOK), YouTube (GOOGL), Instagram, Facebook (META) and X, while messaging services such as WhatsApp and Signal are exempt.

The government also announced restrictions on livestreaming platforms and said it will explore overnight curfews and limits on infinite scrolling for under-18s.

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McDonald’s looks beyond Coca-Cola as it chases the specialty drink boom.

And the economic calendar is busy for a Monday as markets prepare for a holiday-shortened week, with Juneteenth on Friday.

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NEW YORK — As both Tesla and SpaceX trade publicly in 2026, investors face a compelling choice between two Elon Musk-led companies at the forefront of electric vehicles, autonomous driving, renewable energy and space exploration. Tesla offers established automotive leadership with AI ambitions, while SpaceX brings explosive growth in launches, satellite broadband and infrastructure, but each carries distinct risks and opportunities.

Tesla shares closed recently around $406, reflecting a market capitalization exceeding $1.3 trillion. The company continues to dominate electric vehicle sales globally despite increasing competition, with strong brand loyalty and expanding energy storage operations. SpaceX, fresh from its record-breaking IPO priced at $135 per share, surged to close around $161 on debut, pushing its valuation above $2 trillion and making Musk the world’s first trillionaire when combining stakes across his ventures.

Tesla’s Strengths and Challenges

Tesla benefits from mature financials, with annual revenue exceeding $90 billion and positive free cash flow in recent periods. Vehicle deliveries remain robust, supported by the Model Y and Cybertruck, while energy generation and storage segments show high growth potential. The company’s Full Self-Driving software and robotaxi initiatives represent significant upside if regulatory hurdles are cleared and technology scales effectively.

However, Tesla faces margin pressures from price competition, higher capital expenditures for AI and manufacturing expansion, and execution risks on ambitious projects like Optimus humanoid robots. Analyst consensus leans toward Hold, with average price targets near $400-410, though optimistic forecasts from firms like ARK Invest project substantial long-term upside tied to autonomous and robotics breakthroughs.

SpaceX’s Growth Trajectory

SpaceX has revolutionized access to space with reusable Falcon 9 rockets and the Starlink constellation, which provides broadband connectivity to millions and generates growing recurring revenue. The company’s Starship program aims for fully reusable heavy-lift capabilities, potentially transforming interplanetary travel and large-scale satellite deployment. Recent infrastructure deals, including major AI computing partnerships, diversify its business beyond traditional aerospace.

The post-IPO performance highlights strong investor enthusiasm, with shares rising nearly 19% on debut. However, SpaceX remains heavily focused on capital-intensive growth, with reported losses and high burn rates as it scales operations. Valuation multiples are elevated, reflecting expectations for Starlink expansion and future contracts, but execution on Starship timelines and regulatory approvals will be critical.

Comparative Investment Case

Tesla offers more predictable near-term financials and a proven track record as a public company, appealing to investors seeking exposure to clean energy and AI with established revenue streams. Its ecosystem of vehicles, energy products and software creates multiple growth vectors, though competition in EVs and delays in autonomy pose risks.

SpaceX represents higher-risk, higher-reward potential for those bullish on the commercial space economy. Its launch dominance, Starlink subscriber growth and government contracts provide durable advantages, but the business is earlier in its maturity curve with greater execution uncertainty. The IPO has provided capital access while introducing public market scrutiny and volatility.

Both companies benefit from Musk’s leadership and synergies, including shared talent and technological cross-pollination. However, investors should consider portfolio allocation carefully, as concentrated exposure to one individual introduces company-specific risks. Diversification across both could capture complementary strengths in transportation and space infrastructure.

Market Outlook and Risks

Broader market conditions, interest rates and geopolitical factors will influence performance. Tesla’s valuation reflects optimism around AI and robotics, while SpaceX’s premium pricing bets on continued space commercialization. Regulatory environments for autonomous vehicles and satellite operations remain key variables.

Analysts emphasize long-term horizons for both names. Tesla’s path involves scaling existing businesses while pioneering new ones, whereas SpaceX must prove repeatable success with next-generation vehicles and broadband profitability. Neither is without challenges, including supply chain issues, talent retention and competition.

Investment Considerations

Neither stock suits conservative investors seeking stability. Tesla provides greater earnings visibility today, while SpaceX offers exposure to a transformative industry with massive addressable markets. Due diligence on quarterly results, technological milestones and competitive dynamics is essential.

This is not investment advice. Stock prices fluctuate based on numerous factors, and past performance does not guarantee future results. Investors should consult financial advisors and review detailed filings before making decisions. Both companies play vital roles in advancing technology and human progress, but individual suitability depends on risk tolerance, time horizon and portfolio goals.

As 2026 unfolds, the Tesla-SpaceX comparison encapsulates broader themes in innovation investing: balancing proven execution with visionary potential. Tesla’s automotive and energy leadership provides a solid foundation, while SpaceX’s orbital achievements and infrastructure expansion point to outsized opportunities in the space economy. The choice ultimately hinges on which vision investors believe will deliver superior returns over the coming decade.

Shares of railway stocks including RVNL, Railtel Corporation, Titagarh Rail and others jumped up to 4% on Monday after the Railway Ministry announced its bullet train plan worth around Rs 16 lakh crore to develop seven dedicated high-speed rail corridors across the country.

Rail Vikas Nigam (RVNL) shares jumped more than 4% to trade at Rs 243.40 apiece on NSE on Monday morning. Titagarh Rail Systems, Ircon International and Railtel Corporation of India shares, meanwhile, rose nearly 4% each. Texmaco Rail & Engineering, Indian Railway Finance Corporation (IRFC) and Container Corporation of India (CONCOR) shares gained around 3% each, while those of BEML and Indian Railway Catering and Tourism Corporation (IRCTC) were up around 2% each.

All about the Railway Ministry’s bullet train plan

The Railway Ministry unveiled its ambitious plan, which includes the Delhi–Varanasi and Varanasi–Siliguri bullet train corridors. Railway Minister Ashwini Vaishnaw said these routes could reduce travel time between Delhi and Siliguri to nearly six hours, passing through major cities such as Lucknow, Varanasi and Patna. Currently, the fastest train on the route, the Dibrugarh Rajdhani Express, takes more than 20 hours to complete the journey.
The Detailed Project Report (DPR) for the Delhi–Varanasi corridor is currently under review, while work on the DPR for the Varanasi–Siliguri stretch is expected to begin soon, according to a report by Times of India. Along with the under-construction Ahmedabad–Mumbai bullet train project, these corridors are expected to lay the foundation for a nationwide high-speed rail network connecting western, northern, southern and eastern India.

Also read: Delhi to Siliguri in 6 hours? Railways have a Rs 16 lakh crore bullet train plan to connect major cities

BEML is currently building the country’s first domestically manufactured bullet train, designed to operate at speeds of up to 280 kmph. The train is expected to begin trial operations on a 100-km section between Surat and Bilimora on the Ahmedabad–Mumbai corridor in August 2027.

BEML Chairman and Managing Director Shantanu Roy said future versions of these trains could run even faster. According to him, speeds could eventually increase from 280 kmph to 350 kmph as technology advances.
Meanwhile, Vaishnaw earlier said the upcoming bullet train projects will rely heavily on Indian technology and locally manufactured components. Railway officials say efforts are underway to standardise construction methods, signalling systems and rolling stock production. This approach is expected to reduce costs, speed up execution and strengthen domestic manufacturing capabilities.

Also read: Why is market rallying today?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

In a conversation with ET Now, Devina Mehra, Founder & CMD, First Global said that while developments around a potential Iran–US deal may ease global uncertainty, they are unlikely to be the primary driver of Indian equities going forward. According to her, market direction will continue to be shaped more by earnings trends, liquidity cycles, and broader investor positioning rather than geopolitical headlines.

“Don’t depend on geopolitical deals to drive markets”

Responding to a question on whether the Iran–US deal could act as a catalyst for global and Indian markets, Mehra said:

“I do not think we should only depend on the deal. But yes, if it happens, it takes away a big overhang overall on all markets. And I do not think that is what is going to drive the Indian markets up. In March, when I had come on your channel, I had said that the market looks on all our indicators as if it is in the bottom range. I cannot tell you whether it will start moving up in two weeks or two months, but the indicators are all positive. Even now, if you see, it is a very different market from what it was in 2025.”

She pointed out that market breadth has improved significantly compared to last year.

“In 2025, all the Indian indices were up, but the median stock was down, and 40% of stocks were down more than 10%. But midway through the year, the outperforming stocks were only about 15%. The norm is around 40%. Now we actually have a majority of stocks outperforming the indices. So it is completely flipped, which is good news overall for markets, and that is why, as I said in March also, do not be 100% in equity, but whatever is your equity allocation, remain invested. So that remains my advice.”
“Geopolitical risks are not something you should react to”
On whether investors should increase equity allocation given easing global tensions, Mehra cautioned against reacting to geopolitical developments.“The geopolitical risk per se is not something you should react to, and I am not saying this now. There is an early March video of mine which is pinned on my Twitter feed which says exactly that: do not overreact to geopolitics. This is what 125 years of data shows, including the two world wars, the two Gulf wars, the US bombing Libya, 9/11, all of that. The market shrugged it off even when conflicts continued, as has happened with Russia–Ukraine.”

She added that while crude oil movements matter for India, one should avoid building investment decisions around uncertain geopolitical outcomes.

“Of course, in India there is a direct impact because of crude, because that impacts earnings. So you have to take that into account. But I am not betting on geopolitical resolution as far as Indian or global markets are concerned.”

“The dangerous consensus is emotional behaviour”
Discussing investor behaviour, Mehra highlighted how sentiment-driven decisions often lead to poor timing.

“If you look at the markets in the last couple of months, SIP numbers have turned negative. The number of accounts has also turned negative. Indian investors have been very jittery. If you plot long-term data, mutual fund inflows peak around market peaks and bottom out around market bottoms. Humans act out of emotions, which mislead you completely.”

She stressed the importance of staying invested during periods of panic.

“When you are panicking is when you need to remain in the market. That is the superpower: do not get out when your mind is screaming get out.”

Mehra also pointed out the shift in sentiment around India.

“A year-and-a-half ago, every fund manager was selling the India growth story. Now, suddenly, the narrative has flipped and people are only talking about risks. Sentiment is always a contra indicator. When sentiment is extremely negative, future returns tend to be above normal. So probability-wise, we are looking at a better year ahead.”

“US is not the globe: diversification is key”
On portfolio strategy, Mehra reiterated her long-standing view that diversification across geographies and assets remains critical.

“You should always have a diversified portfolio. But the US is not the globe. People think buying a US index or a few well-known stocks is enough, but that is not sufficient diversification. It is better than being in a single market, but not a whole lot better.”

She explained how global positioning has already shifted across regions.

“We have been underweight the US for almost a year-and-a-half. We went overweight Europe and China and added markets like Malaysia and Mexico, which are below the radar for most investors.”

Warning against concentration in a handful of global stocks, she added:

“People think buying the so-called Magnificent Seven will save them. That worked for a couple of years, but in 2025 the leadership narrowed and now several of those stocks are underperforming. The baton has already passed, but investors are still chasing yesterday’s winners.”

“No easy answers in global investing”
Mehra also cautioned against over-simplified global investment products and strategies.

“There are no easy answers. I am sceptical about schemes being launched without expertise in global markets. Many have underperformed because they invested in yesterday’s stocks instead of tracking what is happening today and anticipating what comes next. If you go global, it must be with real expertise.”