Latest Headlines for Friday, June 12th.

These are today’s top headlines

Elon Musk’s SpaceX began trading Friday under the ticker SPCX after pricing its shares at $135 each and raising $75 billion — the largest IPO in history — valuing the company at approximately $1.78 trillion. Stock futures ticked higher ahead of the debut as investors weighed both the historic offering and signs of easing U.S.-Iran tensions. Source

President Trump called off a scheduled barrage of strikes against Iran on Thursday evening, announcing that final contours of a peace agreement had been approved at the highest levels of Tehran’s leadership and that a formal signing was expected imminently. Iranian state media reported a draft 14-point memorandum of understanding that would include lifting the U.S. naval blockade and suspending sanctions on Iranian oil. Source

Co-host Mexico kicked off the largest World Cup in history Thursday evening at Estadio Azteca in Mexico City, defeating South Africa 2-0 in a drama-filled opener that featured three red cards — the first World Cup opening match with multiple ejections since 1990. Goals from Julián Quiñones and Raúl Jiménez sealed the result in front of 80,000 fans. Find out More

A growing number of Senate Republicans have begun to publicly question the administration’s handling of the Iran conflict, even as Trump claims a peace deal is imminent, creating a rare intraparty rift on a foreign policy issue just months before midterm elections. Several senior GOP senators have signaled concern about the cost and duration of military operations. Source

President Trump named U.S. Attorney for the Southern District of New York Jay Clayton as his permanent pick to serve as Director of National Intelligence. Find out More

Supporters of the bill to standardize rules for college sports regarding transfers and name, image, and likeness payments to athletes made their pitch to skeptical members of Congress. Source

Ohio police named 20-year-old Ka Nye Taylor as a suspect in the June 6 shooting at the Old West End Festival in Toledo that wounded 12 people, ranging in age from 14 to 61, after investigators identified him through interviews and leads. Authorities say the shooting stemmed from a dispute between two rival groups, with both sides opening fire simultaneously, and a search for a second gunman continues. Read More

The Trump administration pulled federal funding from a major Los Angeles homeless services agency amid an explosive fraud investigation, calling it a “necessary step” after federal and city auditors uncovered serious financial irregularities totaling tens of millions of dollars. The move threatened to disrupt services for thousands of unhoused residents in one of the nation’s largest encampment cities. Source

U.S. stock futures edged higher Friday morning ahead of the SpaceX Nasdaq debut, with S&P 500 futures adding roughly 0.2% and Dow futures gaining about 234 points as investors balanced IPO excitement against ongoing uncertainty in Iran peace negotiations. Global equity markets across Asia and Europe closed in the green overnight in anticipation of both developments. Source

SpaceX confirmed its final IPO price Thursday night at $135 a share ahead of Friday’s Nasdaq debut, with the company selling 555.5 million shares of Class A common stock at a valuation of $1.77 trillion. The offering is reportedly more than four times oversubscribed, and retail investors can access shares at the IPO price through Fidelity, Robinhood, Schwab, SoFi, and E-Trade. Source

Adobe shares fell sharply after the software company reported a fiscal second-quarter non-GAAP operating margin of 44% — below the 44.5% consensus estimate — and announced that CFO Dan Dunn would depart June 15. Analysts said the results raised questions about Adobe’s ability to maintain profitability as competition in the AI-powered software market intensifies from Microsoft, Google, and newer entrants. See Details

Los Angeles County District Attorney Nathan Hochman announced that up to 81 percent of the claims in a $4 billion sexual abuse settlement, the largest in history, may be fraudulent. See Details

India called for an end to U.S. attacks on tankers in the Strait of Hormuz after a recent episode led to the death of three Indian sailors. See Details

The Chinese government arrested U.S. researcher Min Zin on espionage charges. Find out More

Christians flee Southern Lebanon out of fear that Israel will resume military operations. Source

Switzerland’s government proposes a cap on immigration. Citizens fear that the costs of mass migration outweigh the benefits. Source

Travis Kelce arrived at the Marriott Marquis Hotel in New York City at the last possible moment Thursday night, sliding into his seat beside soon-to-be-wife Taylor Swift just as her Songwriters Hall of Fame induction ceremony began. Both moms — Andrea Swift and Donna Kelce — were at the table, and the evening marked another milestone for Swift, who became the youngest woman ever inducted into the organization at age 36. Read More

Dwayne Johnson disclosed in a new Esquire cover story published Friday that he discovered a suspicious lump on a testicle the morning of his all-day Jumanji press event at CinemaCon in Las Vegas, and spent the entire day not knowing whether it was malignant. Johnson, who also opened up about wanting an Oscar nomination and his decision to stay out of politics, said the scare ultimately resolved without a cancer diagnosis. See Details

Country star Zac Brown pushed back Friday against critics of his decision to perform at a UFC fight held at the Trump White House, saying the gig was an expression of patriotism and calling on Americans to set aside partisan division. The event drew vocal criticism from some in the entertainment industry and enthusiastic support from country music fans and conservative commentators. Read More

The Carolina Hurricanes defeated the Las Vegas Golden Knights 4-2 in Game 6 of the Stanley Cup Finals. Carolina leads the series 3-2 and is one win away from hoisting the cup. Read More

The Farms Golf Club in Rancho Santa Fe, California, removed golf legend Phil Mickelson as a member after a female staff member accused him of nonconsensual touching. See Details

A Rubik’s Cube enthusiast set a Guinness World Record by solving two puzzles in mid-air during his first-ever skydiving experience, completing both cubes while hurtling toward Earth at terminal velocity. Video of the feat has gone massively viral, with viewers astonished that anyone could maintain the focus needed to speed-solve a cube in freefall. See Details