The US and Iran have reached an agreement to reopen the Strait of Hormuz. We will be hearing what this mean for oil prices in the global market. In the UK there's a ban on under 16's on social media. The UK says it it going further than other countries to remove high-risk features on gaming platforms and livestreaming sites. And Starbucks across South Korea close for a staff history lesson - after a marketing stunt went horribly wrong. Presenter: Sarah Rogers Producer: Barbara George

Elon Musk has become the world's first trillionaire after SpaceX shares soared following the company's stock market debut in New York. Andrew Peach examines what's driving the company's remarkable rise from its Starlink satellite business to the enduring appeal of the Musk brand.

Also on the programme, Switzerland is preparing to vote on proposals to limit population growth. But could restricting migration come at a cost to the country's economy?

And we'll assess the legacy of one of the art world's biggest names, as David Hockney dies aged 89, and ask what continues to make his work so sought after and valuable.

(Picture: A billboard of SpaceX is pictured on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon)

Today is the day SpaceX begins trading on public markets after raising around $75 billion in one of the largest listings on record, valuing the company at nearly $1.8 trillion.

Broader markets are also edging higher, with investors weighing whether enthusiasm around SpaceX is part of a wider surge linked to major AI-related listings still to come.

There is also growing focus on the personal implications of the listing. The scale of the valuation raises the possibility of Elon Musk entering the trillion-dollar club, prompting questions about what that means in practice

Presenter: Leanna Byrne

El Niño has officially begun, according to scientists at the US National Oceanic and Atmospheric Administration. Will Bain examines what the climate phenomenon could mean for food prices, energy markets, economic growth and weather patterns around the world.

(Picture:Indonesian farmers brace for possible dry spell linked to El Nino. Indonesia, June 4, 2026. REUTERS/Willy Kurniawan)

Wall Street is preparing for what could be the biggest IPO in history as SpaceX gets ready to begin trading on the public markets. We look at the final steps before launch, what investors can expect, and what the listing could mean for the wider technology and space sectors.

Also on the programme, the European Central Bank has raised interest rates for the first time in almost three years as policymakers respond to inflationary pressures across the eurozone.

Nearly a year after the crash of Air India Flight 171, investigators are expected to provide an update. But the inquiry has become increasingly controversial, with competing theories about what caused the disaster and growing scrutiny of the investigation itself.

And the World Cup kicks off in Mexico. We head to Atlanta, one of the tournament's host cities, to find out whether businesses and residents are ready for the economic opportunities and challenges that come with football's biggest event.

Presenter: Leanna Byrne

Gideon Long dives into the latest US inflation figures after prices rose at their fastest pace in three years. We hear from American business owners on the front line of rising costs.

(Picture: Fuel prices are displayed outside a gas station in Washington, DC, USA, 22 May 2026.JIM LO SCALZO/EPA/Shutterstock)

The cost of goods in the United States is rising at its fastest pace in three years, with inflation driven mainly by soaring energy prices since the start of the war in Iran.

Economists say the energy shock is feeding through into broader price pressures across the world’s largest economy.

Meanwhile, Taiwan’s TSMC, a key player in the global AI boom and the centre of the US-China tech rivalry, has been speaking exclusively to the BBC about whether it can keep up with surging demand for advanced chips.

And with just a day to go, large numbers of World Cup 2026 tickets are appearing on resale platforms.

The UK competition watchdog started the investigation into Paramount Skydance's $110bn takeover of Warner Bros Discovery. We ask the former CMA director how will it affect the deal?

Also, why is Switzerland going to restrict the number of the population in the country?

And we look into one of the most successful IPO - SpaceX.

Chinese President Xi Jinping has wrapped up a two-day visit to North Korea featuring military honours, public displays of friendship and talks with Kim Jong Un. While few concrete agreements emerged, the trip sends a clear signal that Beijing wants to strengthen its relationship with its isolated neighbour.

Plus, Indonesia's central bank has unexpectedly raised interest rates in an effort to stabilise the rupiah after its sharpest decline in years.

And the race to public markets is accelerating. Just days before SpaceX is expected to begin trading, OpenAI, the company behind ChatGPT, has confidentially filed for an initial public offering. We look at what could be one of the most significant listings in the technology sector for years.

Presenter: Leanna Byrne

A federal judge has overturned the $100,000 H 1B visa application fee ordered by President Donald Trump saying it's an unlawful tax.

IATA, the airline industry's main body says it likely to miss its key emission target.

And China's Xi Jinping is in North Korea. What's he after?