US-Iran Ceasefire Framework: Trump signed a 14-point memorandum ending hostilities and kicking off a 60-day negotiation clock toward a final deal, with the Strait of Hormuz set to reopen toll-free for 60 days and the US to lift its naval blockade within 30 days; the text also calls for Iran to dilute highly enriched uranium and links sanctions relief to future nuclear steps, while a formal signing in Switzerland on June 19 remains in flux. Swiss Diplomacy & Logistics: Switzerland is positioned as the neutral venue for the next phase, with Pakistan and other partners coordinating delegations and timing around the Bürgenstock ceremony. Market Shock & Rates: The Fed’s first Warsh-era meeting kept rates at 3.5–3.75% but turned more hawkish via a new dot plot, lifting the dollar and pressuring US stocks and precious metals—an added headwind for Swiss investors watching global risk and energy prices. Local Business & Capital: Vetic, a pet-care platform, raised $40m led by Bessemer to expand clinics and an integrated tech-and-services ecosystem. Switzerland Sanctions: Switzerland expanded Russia sanctions by adding 23 individuals and entities tied to actions against Ukrainian minors. Corporate/Legal Watch: Former Peru president Alejandro Toledo claims Odebrecht bribes involved $45m allegedly held in Switzerland, as his appeal continues.