Top global stories this week
Global markets faced volatility due to Iran Strait of Hormuz tensions and inflation worries, though sentiment improved on potential US-Iran deals. SpaceX priced its IPO at $135/share, raising ~$75B for a $1.77T valuation. The World Bank downgraded global growth forecasts, while the ECB raised rates by 25bps. Key corporate moves include GSK acquiring Nuvalent for $10.6B and Frasers Group's offer for Hugo Boss. Asian markets rose, with Japan showing strong growth.
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