A Wall Street lawyer to run the spy agencies
Plus: a deal with Iran maybe, and SpaceX raises $75B
Morning Politics | Friday, June 12, 2026
Today’s Deep Dive
Trump Taps Jay Clayton for Intelligence Chief After Pulte Backlash
Trump’s new pick for intelligence chief has run the SEC and prosecuted Wall Street, but never worked inside a single spy agency. Supporters call him highly respected; critics point to old conflict-of-interest questions and a Deutsche Bank sanctions case. Why is this one drawing bipartisan interest when the last pick didn’t?
World Politics
Trump Says an Iran Deal Is Near. Tehran Says Nothing Is Settled.
Trump called off a third night of strikes, said a deal is done, and floated a signing ceremony in Europe. Iran’s foreign ministry says reports of an agreement are “speculative” and nothing has been finalised. So who’s right, and why did oil prices move before anyone signed anything?
Economy & Money
SpaceX Goes Public in Record IPO, Putting Musk on Paper Path to Trillionaire Status
SpaceX just pulled off the largest IPO in history, and shares jumped more than 35% before regular trading even opened. The listing pushed Elon Musk past $1 trillion on paper. But how much of that fortune rests on government contracts, and does record size at debut mean anything for what comes next?
Tech & Power
WhatsApp Expands Dual-Account Support on iPhones, Closing a Gap Android Users Have Had for Years
Meta is widening a feature on iOS that Android users have had since 2023, and it sounds like a small convenience win. But privacy researchers and EU regulators see something bigger happening under the hood. What the dual-account rollout actually changes.
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