The White House: The US-UK trade agreement abolishes the tariffs imposed on the UK aerospace industry in three previous executive orders.

IDF: Not long ago, the IDF detected that Iran had launched missiles towards Israeli territory. Defense systems are operating to intercept the threat.

U.S. Senate Republican leader Thune: The Senate is expected to vote on the tax bill next week.

Israeli military: Missiles launched from Iran have been confirmed.

The tax bill introduced by Republicans on the U.S. Senate Finance Committee would extend the Clean Fuel Tax Credit (45Z) through 2031 and reduce the credit for foreign biofuel feedstock by 20%.

U.S. President Trump: (Speaking of Iran) Either we sign a deal or something happens.

US President Trump: We are making sure Iran does not have a nuclear weapon.

US President Trump: Iran would be stupid not to sign a deal with Israel.

US President Trump: Iran should have signed the agreement.

If the Republican tax and budget bill in the U.S. Senate is signed, the $7,500 electric vehicle tax credit will be eliminated 180 days after the bill takes effect.

Market news: U.S. Senate Republicans unveiled their version of a tax bill that would make three corporate tax cuts permanent and raise the U.S. debt ceiling by $5 trillion.

The White House: US President Trump is meeting with European Commission President von der Leyen.

According to the Wall Street Journal: Microsoft (MSFT.O) is currently asking for a larger stake in the new company than OpenAI is willing to give.

The Dow Jones Industrial Average closed at 42,515.09 on Monday, June 16, up 317.30 points, or 0.75%. The S&P 500 closed at 6,033.11 on Monday, June 16, up 56.14 points, or 0.94%. The Nasdaq Composite closed at 19,701.21 on Monday, June 16, up 294.39 points, or 1.52%.

According to the Wall Street Journal: OpenAI has discussed filing an antitrust complaint with regulators.

According to the Wall Street Journal: OpenAI executives discussed accusing Microsoft (MSFT.O) of anti-competitive behavior during the collaboration.

According to Israel Today: US sources said it may take a few more days of pressure (on Iran) to reach an agreement.

Hang Seng Index futures closed up 0.17% at 24096 points in the night session, 35 points higher than the previous session.

On June 17, Morgan Stanley strategist Michael Zezas and his colleagues wrote that the "Big Beautiful Bill" that Republicans in the U.S. Congress are trying to pass at the request of President Trump will increase the deficit, but may not do so much to promote economic growth. Nominally expansionary provisions, such as tax cuts, may not have such a noticeable effect because they largely just extend current policies. On the other hand, spending cuts in the bill in the form of cuts to Medicaid may have a direct negative impact on economic growth. Therefore, Morgan Stanley expects the bill to be a fiscal drag on GDP in the medium and long term. Senate amendments to the legislation may push the bill in a more growth-friendly direction.