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U.S. stocks rose on news of Iran's ceasefire request with Israel, though Israel's Prime Minister Netanyahu rejected it. The conflict is driving increased defense spending, with the U.S. Department of Defense partnering with OpenAI. Simultaneously, the Trump Organization launched a new mobile phone, a move considered ill-timed given the geopolitical climate. Meanwhile, gold's value is surging, outperforming other safe haven assets like the yen and Treasuries, due to its lack of government liability.

Prepared by Rachel Morgan and reviewed by editorial team.