In BIG PICTURE NEWS, there's a ceasefire but the impact from the Iran war persists while Trump backs Orbán and Vietnam swears in its most powerful leader. In BUSINESS TRENDS, carmakers increasingly eye a defence pivot, EV sales hit a high and hospitality faces a "permacrisis". In FINANCIALS NEWS, JPMorgan gets the OK for a tall tower, City firms report a rapid turnaround and raise the alarm over new rules. In MISCELLANEOUS NEWS, Ackman bids for Universal Music, Perplexity's revenues boom, there's speculation building about a Tesla/SpaceX merger and GoPro announces plans to cut 23% of its workforce. AND FINALLY, I bring you a clever retro dance...