Sean Aylmer

Story number two, US President Donald Trump has claimed an initial agreement aimed at ending the war with Iran is close after posting that he had cancelled military strikes on the country.

He said Vice President J.D.

Vance was likely to sign a deal this weekend

However, Iran's foreign ministry told state TV that reports of an agreement were speculative and nothing has been finalized.

Speaking to reporters, Trump said, and I quote, we have a deal that Iran will never have a nuclear weapon, which was the whole purpose of what we had to go through to get this.

So it's a very big thing.

Hmm.

We'll have to wait and see on that one.

Story number three, Foxtel has offered to buy the NRL rights for seven years under a complex multi-billion dollar proposal that would split the free-to-air coverage of the sport of rugby league between two television networks, a

according to a report this afternoon in the AFR.

Streaming services and television networks are in negotiations with the National Rugby League, one of Australia's most valuable sporting assets that is split between Nine Network and Foxtel until the end of next season.

The Fin says that Foxtel has offered to buy the rights in their entirety and sub-licence them to Southern Cross Media, the owner of Seven Network and Paramount.

the owner of Network 10.

Seven would broadcast State of Origin series.

Ten would cover Thursday and Friday nights.

Foxtel and its streaming service, Chaos Sports, would hold the streaming rights and continue to broadcast Saturday matches exclusively.

Story number four, Magellan Financial rallied today after the Australian Competition and Consumer Commission said its merger with Baron Joey could take effect as scheduled from early next month.

Monash IVF edged up even after it downgraded its earnings guidance for the financial year.

And REA and News Corp were among the worst performers after Citi, the investment bank Citi, cut its 2027 profit forecast, saying that property listings face a near-term hit thanks to the federal government's proposed negative gearing and capital gains tax changes.

And story number five, the world's biggest IPO, SpaceX hits the market tonight with 557 million shares sold at 135 US dollars each.