TRUMP ON IRAN: WILL SEE WHAT HAPPENS

Meta Platforms is preparing to launch new AI models developed under Alexandr Wang, with plans to release some versions under an open-source license while keeping key components proprietary. The approach reflects a shift toward a hybrid model, balancing broad developer access with tighter control over advanced systems. Wang views open distribution as a way to expand global access, while rivals including OpenAI and Anthropic focus on enterprise and government deployment. Meta aims to regain competitiveness after lagging in prior model releases.

Bond traders began the week pricing in no Federal Reserve rate cuts over the next year, with US Treasury market steady ahead of Donald Trump’s deadline for Iran to reopen the Strait of Hormuz. Strong labor data erased easing bets, keeping two-year yields near 3.86% and 10-year yields around 4.34%, while the dollar fell. Geopolitical risks continue to outweigh fundamentals, analysts said. The Institute for Supply Management services report had limited impact. Investors remain focused on Iran developments, with Brent crude near $109 a barrel.