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.

Israeli Prime Minister Netanyahu: I am not surprised that Iran is seeking to return to negotiations.

On June 17, Iranian Foreign Minister Araghchi said that US President Trump only needs to make a phone call to "discipline" Israeli Prime Minister Netanyahu, thus paving the way for diplomacy. "If Trump is sincere about diplomacy and wants to end this war, then the next steps are logical... It only takes a phone call from Washington to discipline someone like Netanyahu." The Iranian Foreign Minister also pointed out that US involvement in the military conflict between Israel and Iran will destroy any prospects for a negotiated solution.

The U.S. Senate Finance Committee proposed a $10,000 cap on state and local tax (SALT) deductions in their bill.

The Israeli military said it shot down an Iranian F-14 jet at Tehran airport on Monday.

The Federal Reserve accepted a total of US$140.759 billion from 26 counterparties in fixed-rate reverse repurchase operations.

According to AFP: Iran said it would "violently attack" Israel until the attacks stop.

The winning rate for the U.S. 20-year Treasury bond auction on June 16 was 4.942%, compared with the previous value of 5.05%.