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Week in Review (June 7-13): US-Iran Near Peace Memo, SpaceX Goes Public, Taiwan Pork Returns to International Market

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This week's global focus includes the US and Iran unexpectedly nearing a peace memorandum after military clashes, SpaceX's IPO making Elon Musk the first trillionaire, the US blacklisting Chinese firms like Alibaba and Baidu for military support, and a powerful 7.8 magnitude earthquake in the Philippines. Domestically in Taiwan, TSMC's chairman revealed the president's plan to solve water and power shortages, Taiwan exported its first processed pork to Singapore after eradicating three major swine diseases, and the legislature amended election laws while significantly increasing penalties for drug-impaired driving.

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