Global markets rally on Iran peace deal prospects while Disney dominates box office; major shifts in luxury markets, media ownership, and healthcare innovation reshape key business sectors.

Oil prices fell sharply and Gulf stock markets gained on news of a potential US-Iran peace deal, with reports indicating the Strait of Hormuz could reopen 30 days after an agreement, though significant logistical challenges remain for clearing a backlog of 1,500 stranded vessels accumulated over nearly three months.

Disney's 'Mandalorian and Grogu' topped the box office with approximately $102 million domestically over the Thursday-Monday period, representing a major bet on Star Wars revival despite the film's $300 million production and marketing budget.

James Murdoch is building a new media empire distinct from his father's, taking control of New York magazine and Vox, signaling a significant shift in media ownership and strategic direction in the publishing landscape.

China's domestic luxury market is experiencing rapid growth as consumers increasingly favor homegrown brands like $140,000 electric vehicles over traditional European luxury goods, reflecting both economic slowdown and shifting consumer preferences.

Hims & Hers CEO is expanding the telehealth company's reach into wellness and longevity through peptide products pending FDA authorization, building on massive weight-loss medication markets created through digital health platforms.

Art auction houses engineered a successful $2.5 billion comeback season after four years of uneven sales by redefining buyer and seller expectations and strategically avoiding risky sales, demonstrating market recovery in the luxury sector.

India's fintech firm Pine Labs posted fourth-quarter profits driven by continued digital payment adoption, while India implemented new restrictions barring piped natural gas customers from purchasing LPG cylinders, affecting energy markets.

Pakistan's heavy mobile telecom taxes are slowing digital growth and deterring investment according to a new report, while the country signs multiple trade and economic cooperation agreements with China spanning agriculture, education, and media sectors.

ClickUp's mass layoffs signal broader workforce changes in the tech sector, while companies like Target India are scrutinizing AI tool costs amid shifts toward usage-based pricing models.

Toshifumi Suzuki, who spent four decades building 7-Eleven into a cornerstone of Japanese daily life, died at 93, marking the end of an era for the convenience store giant's foundational leadership.