Alexis Christophorus

and Iran have reached a tentative agreement to extend their ceasefire by 60 days.

Sources say further talks into Iran's nuclear program would continue during the extension period.

While the agreement is yet to be signed off by President Trump, the news has raised hopes that the three-month conflict could be nearing a resolution.

Vice President J.D.

Vance told reporters that progress is being made.

And Vice President J.D.

Vance says Iran appears to be negotiating in good faith.

We get more on the deal with Bloomberg Middle East correspondent Jumana Bersetchi.

Bloomberg Middle East correspondent Jumanda Berset, she says the proposal would guarantee that shipping through the Strait of Hormuz remains unrestricted.

Well, Alexis, we're following another developing story this morning.

Blue Origin's New Glenn rocket has exploded in a massive fireball while undergoing a test on a Florida launch pad.

It's a major setback for the Jeff Bezos-backed firm in its efforts to challenge SpaceX.

Benedict Campbell is Bloomberg's managing editor for space and aviation.

Bloomberg's Benedict Campbell says the firm was preparing the vehicle for its fourth launch, which was slated to deploy a batch of satellites for Amazon's Leo, a rival network to SpaceX's Starlink.

None of the satellites were on the rocket when it exploded.

All right, John, thank you.

Anthropic says it's raised $65 billion in a funding round that now values the company at $965 billion, including the new investment.

This valuation surpasses rival OpenAI's value for the first time.

Well, we're watching shares of Dell this morning, Alexis.

They're soaring to an all-time high.