US-Iran Ceasefire & Swiss Signing: The US and Iran have electronically signed a memorandum of understanding to end their 109-day conflict, with a formal signing ceremony set for Friday in Switzerland (Bürgenstock near Lucerne). Both sides claim victory, but the text is still not public and key disputes remain, including how the Strait of Hormuz will reopen and whether any “service fees” apply. Energy Markets: Oil slid below $80 a barrel on reopening hopes, while traders watch implementation risk and shipping details. Swiss Politics & Economy: Switzerland’s population-cap referendum is set to be rejected, with voters signaling economic pragmatism and support for EU free-movement ties. Swiss Business Moves: PureGym appoints Alex Wood as CEO as Clive Chesser steps down. Swiss Innovation: ETH Zurich researchers turn dairy and tofu waste into carbon-capturing beads that pull CO2 from the air. AI in Finance: Allianz is reported to be leading insurance AI adoption, with AI hiring rising even as overall staff numbers fall. Robotics & Healthcare: Lausanne-based Distalmotion wins FDA clearance to expand Dexter’s gynecology indications. Luxury Watch Demand: Rolex raises prices of gold watches again, underscoring strong premium demand. Trade & Diplomacy: Lula meets Swiss President Guy Parmelin in Geneva to expand trade and cooperation, including AI, energy, health and defense.