TOP U.S. GENERAL SAYS IRANIANS WERE ARMED WITH SMALL ARMS ON FAST BOATS

The Trump administration is discussing an executive order to create an AI working group with tech executives and officials to examine oversight procedures, including potential government review of new AI models. This marks a shift from Trump's prior hands-off stance, prompted by security concerns over powerful models like Anthropic's Mythos. Meetings were held with Anthropic, Google, and OpenAI. Leadership changes see Susie Wiles and Scott Bessent shaping policy amid a Pentagon-Anthropic contract dispute. The working group may involve NSA and intelligence agencies in model reviews.

U.S. TREASURY YIELDS EXTEND DECLINE AFTER ISM NON-MFG DATA; YIELD ON 10-YEAR TREASURY NOTES LAST DOWN 2.8 BASIS POINTS AT 4.418%