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Wall Street CEOs reportedly “summoned” to DC by Scott Bessent and Jay Powell to discuss AI cyber risks after Anthropic’s warning

Top officials are worried about left-tail cybersecurity risks from new AI tools, and are making sure the most important American bankers are taking the threat seriously.

The most powerful Americans in finance held an “urgent meeting” this week to discuss cybersecurity risks linked to new, powerful AI models — in particular, Anthropic’s Mythos.

Bloomberg reports that US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell “summoned” the leaders of the biggest US banks — all of which are considered systemically important — to DC on Tuesday “to make sure banks are aware of possible future risks” and ensure that they “are taking precautions to defend their systems,” citing people familiar with the matter.

On Wednesday, Anthropic announced that it was releasing a version of its Mythos model to a select group of companies in an initiative called “Project Glasswing.” The hope is that these firms will get a head start on shoring up their defenses before malicious actors have the chance to strike with these new tools.

“AI models have reached a level of coding capability where they can surpass all but the most skilled humans at finding and exploiting software vulnerabilities,” warned Anthropic, which said it’s “found thousands of high-severity vulnerabilities, including some in every major operating system and web browser.”

Separately, OpenAI is also reportedly concerned that an upcoming cybersecurity tool of its own is too dangerous to be released publicly, and has similarly allowed a small group of its partners to test it out.

The CEOs of Citi, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs were said to be in attendance for this meeting at the Treasury Department. Jamie Dimon, CEO of JPMorgan (whose bank is a part of Project Glasswing), couldn’t make it.

Throughout 2026, we’ve discussed how the AI theme has become much more zero-sum in the stock market. For instance, AI demand has been helping memory and optics stocks, but fears of disruption have pushed software stocks down to multiyear lows.

The high degree of attention being paid to AI-fueled cybersecurity risks by top officials, with the same being demanded from their private sector counterparts, suggests that a similar lens may be appropriate to judge AI’s impact on the economy. That is, the potential for productivity benefits may need to be balanced against left-tail risks, particularly as agents are scaled and empowered to execute increasing workloads across companies.

That little sigh of relief you hear over in the corner is the private credit industry, grateful that these cybersecurity concerns mean there will be one less question asked about their own travails during banks’ quarterly conference calls when earnings season kicks off next week.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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Rocket Lab deal lifts space stocks

Shares of Rocket Lab are surging after announcing an $8 billion acquisition of satellite communications operator Iridium Communications, helping lift a broader basket of space-related stocks as investors piled back into the sector.

Planet Labs, AST SpaceMobile and Redwire all traded higher alongside Rocket Lab, extending gains in an industry that has drawn enhanced investor attention in recent months in light of the strategic importance that governments place on space and satellite communications infrastructure.

In a presentation, Rocket Lab’s management called the purchase “a shortcut” for its satellite communications business.

Under the terms of the agreement, Iridium shareholders will receive $27 in cash and Rocket Lab stock, valuing Iridium at $54 per share. Backed by a $3.6 billion bridge loan committed by Deutsche Bank and Wells Fargo, Rocket Lab absorbs Iridium’s globally licensed spectrum and an active base of 2.5 million subscribers.

Rocket Lab has also remained one of the most active launch providers in the sector. The company completed its 12th launch of the year last week, maintaining one of the highest launch cadences among commercial space companies.

Today's rally helps offset a brutal stretch for the group. Rocket Lab shares had fallen over 35% over the prior month, while Planet Labs stock was down more than 40% and AST SpaceMobile stock was down around 30% over the same window.

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