BlackBerry hits multiyear high amid cyber-safety successes
Out: Physical keyboards.
In: Safeguarding against cyber threats.
BlackBerry spiked as much as 5.8% on Wednesday, propelling shares of the one-time mobile-phone giant turned cybersecurity firm to their highest level since December 2023.
Options activity is overwhelmingly skewed toward calls — already more than twice as many of these bullish contracts have changed hands compared to Tuesday’s session.
The company, based in Waterloo, Ontario, says it prevented 600,000 cyberattacks in a three-month span last year, according a press release from earlier today touting the publication of its Global Threat Intelligence Report.
In economics, the most famous of the genre was developed by Fleming and Mundell, which posits that you can only successfully achieve two of the following three objectives: the free flow of capital, a fixed exchange rate, and independent sovereign monetary policy.
George Pollack, senior US policy analyst at Signum Global Advisors, proposed a trilemma of his own to describe the Trump administration’s competing policy aims as a red-hot AI boom devours power and leaves households miffed by rising electricity bills.
He wrote:
“This note flags what we believe to be a simple reality whose salience will continue growing in US politics in coming months: the Trump administration, in its remaining three years will face a trilemma as the nation waits for its energy bet to play out — proving able to achieve two, but not all three, of the following objectives:
-Fulfill AI’s energy-appetite. -Keep repressing renewable sources of energy. -Appease American electricity consumers.”
As for evidence that the Trump administration is taking a fossil fuels-first approach while stunting renewables, Pollack pointed to the One Big Beautiful Bill Act, which shrinks access to tax credits for green energy, as well as the end to the federal pause on liquefied natural gas export permits. However, it would be “inaccurate and unfair” to blame President Trump’s policies for surging electricity prices in recent months, he added.
While the government has pursued the expansion of nuclear power as a way to solve this trilemma, the long lead times involved are incongruent with a short-term fix.
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