Fed Chair Kevin Warsh prepares for first policy decision as markets await rate guidance, while potential SpaceX-Tesla merger and Iran nuclear deal negotiations dominate business headlines.

Kevin Warsh, the new Federal Reserve chairman, is set to make his public debut and first rate decision on Wednesday, facing intense political scrutiny from the Trump administration that nominated him. Market analysts are watching closely to understand his policy direction on interest rates and the Fed's balance sheet.

Elon Musk may pursue a mega-merger between SpaceX and Tesla, which could face shareholder objections but few legal obstacles according to experts. Retail investors have shown remarkable appetite for SpaceX shares, purchasing $369.8 million worth in the first three days of trading, exceeding combined purchases of the 'Magnificent Seven' tech stocks.

U.S. and Iranian officials are expected to sign an initial nuclear agreement in Switzerland on Friday, with President Trump defending the deal as necessary to prevent economic catastrophe. Markets remain cautiously optimistic about the Strait of Hormuz reopening, though shipping giant Maersk warns that allowing Iran to charge fees would set a 'dangerous precedent.'

Google has released its new Gemini-powered smart home speaker, arriving six years after the company's last device and positioning AI chatbot integration as central to winning the streaming wars. Meanwhile, Snap faces Wall Street criticism for its $2,195 ultraexpensive smart glasses, viewed as a potential 'nonstarter for mass appeal.'

The White House is pressuring Anthropic to block all jailbreaks in its AI models as a condition for rerelease, though security experts say completely preventing circumvention of guardrails may be technically impossible.

PayPal Ventures has shuttered as part of the company's ongoing restructuring, signaling consolidation in venture capital funding for fintech startups. Separately, Stanford graduates raised $11 million to develop a noninvasive wearable device for hormone tracking, reflecting growing investment in health-tech innovations.

Pakistan's real effective exchange rate (REER) surged to a 92-month peak of 106.15 points, indicating significant currency appreciation relative to trading partner baskets. This development follows Pakistan's role in averting an escalation of Iran-U.S. tensions through diplomatic engagement.

Retail investors' 401(k) balances hit record levels in the latest year, with most workplace retirement savers benefiting from strong market performance, according to Vanguard's latest report. However, experts warn of threats to wealth transfer, including Medicaid cuts, nursing home costs, and IRA tax traps that could reduce family inheritances from the $124 trillion 'Great Wealth Transfer.'

CVS is switching pharmacy pill bottles from plastic to aluminum to improve recyclability, while companies like TerraMow and Mammotion are seeing increased demand for smart robotic lawn mowers as premium alternatives to traditional yard work.

Wall Street ticked higher ahead of the Fed's first policy decision under Warsh, with chip stocks rebounding despite choppy trading. Markets are digesting implications of the new Fed chairman's approach to interest rates and economic policy as uncertainty around inflation and employment persists.