[David Grant] Story: David Grant: In World News, Donald Trump has urged Ukrainian President Volodymyr Zelenskyy to halt attacks on Russian energy infrastructure, saying they are contributing to a diesel shortage. Ukraine has increasingly targeted refineries, fuel depots and other sites supporting Russia’s war effort, while Moscow says the strikes threaten domestic stability. It remains unclear whether Kyiv will change its strategy. Megan Harper: In Sports, Texas erased a late deficit to stun No. 1 Ohio State by one point in an early-season clash between national championship contenders. Quarterback Manning delivered a poised fourth-quarter performance as the Longhorns made the decisive plays on both sides of the ball. The victory strengthens Texas’ position in the national title race, while Ohio State faces an early setback but remains in the College Football Playoff conversation. David Grant: In Science and Technology, digital banking company Revolut is investigating a breach after an unauthorized third party obtained limited customer information through a social-engineering attack. The attackers reportedly impersonated government officials and persuaded an employee to disclose account-related data. Revolut says only a small percentage of customers were affected and that funds and payment information were not compromised. Customers should remain alert for suspicious messages, links or requests for passwords and verification codes, and contact the company through its official app. Megan Harper: Thank you for tuning into the newscast. Subscribe to My Raw Broadcast to be notified about our next episode.
[Megan Harper] Story: Giants quarterback Jaxson Dart said the coach tackled Nabers in practice before the wide receiver’s first game back in nearly a year. • The physical exchange was intended to help Nabers regain confidence and prepare for game contact. • Nabers returned against the Dallas Cowboys, marking a major step in his recovery. • He made six catches in the Giants’ upset victory over Dallas. • Dart’s account offers a glimpse into the preparation behind Nabers’ comeback and Harbaugh’s hands-on coaching style. Nabers’ return gives New York an important offensive weapon as the season progresses. His ability to contribute immediately, despite the long layoff, was a notable development in the Giants’ victory. The team has not indicated whether the tackle was part of a formal drill, but the moment underscored the psychological demands athletes can face after a serious injury. The details were reported by SNY Giants.
[David Grant] Story: The increase could push up the cost of mortgages, auto loans and other forms of credit across the economy. The benchmark, closely watched by lenders and investors, influences the rates banks charge consumers and companies. For prospective homebuyers, higher borrowing costs may reduce purchasing power and add hundreds of dollars to monthly mortgage payments, depending on loan size and terms. Car shoppers could also face steeper financing costs, particularly as vehicle prices remain elevated. Businesses may respond to more expensive credit by delaying investments, hiring or expansion plans. The move reflects broader pressure in financial markets as investors reassess interest rates, inflation and the outlook for economic growth. While the benchmark’s rise does not automatically translate into identical increases for every borrower, it signals that cheap credit is becoming harder to find. Households considering major purchases may want to review loan terms carefully and compare offers before committing.
[Megan Harper] Story: Officials say Yemen’s Iran-aligned rebels have captured additional strategic islands in the southern Red Sea, potentially tightening their grip on one of the world’s busiest maritime routes. The reported seizures could give the Houthis greater ability to monitor or disrupt commercial traffic moving between the Indian Ocean and the Suez Canal. The southern Red Sea is vital for global trade, carrying energy supplies, consumer goods and other cargo between Asia, Europe and the Middle East. The developments add to concerns over regional security, particularly as the Houthis have previously threatened or attacked vessels they associate with Israel amid the war in Gaza. Any expanded presence on the islands could complicate efforts by international naval forces to protect shipping and deter further attacks. Officials did not immediately provide details on which islands were captured, how many fighters were involved or whether the move had affected maritime traffic. The report could not be independently verified.
[David Grant] Story: Crypto data provider Kaiko has secured 110 million dollars in a funding round led by S&P Global, marking a major investment in the infrastructure supporting digital-asset markets. The funding gives Kaiko additional resources to expand its market-data and analytics services for banks, asset managers, exchanges and other financial institutions. Kaiko tracks pricing, liquidity and trading activity across cryptocurrency markets, offering data designed to help institutions assess risks and make investment decisions. S&P Global’s participation signals continued interest from established financial-information companies in the rapidly developing digital-asset sector. The investment comes as regulators and traditional financial firms place greater emphasis on reliable, transparent data for monitoring crypto markets. Kaiko is expected to use the new capital to accelerate product development, broaden market coverage and strengthen its position as institutional participation in cryptocurrencies increases.
[Megan Harper] Story: • Technology stocks led declines after concerns emerged that heavy investment in artificial intelligence may not deliver rapid enough returns, prompting investors to reassess valuations. • Energy shares offered some support as crude prices climbed, but the increase also raised fears that higher fuel costs could intensify inflation and squeeze corporate profits. • The broader market remained cautious, with investors weighing the outlook for interest rates, economic growth and corporate earnings. • The retreat reflects a broader shift from enthusiasm toward scrutiny in the AI trade, particularly after major technology companies committed billions of dollars to data centers and advanced computing infrastructure. • Market participants are likely to focus on upcoming corporate results and economic data for evidence of whether AI-related spending is translating into stronger revenue and productivity. The moves underscore the competing forces shaping global equities: optimism over technological innovation on one side, and renewed concerns about costs, inflation and stretched valuations on the other.
[David Grant] Story: The debate over how quickly artificial intelligence should advance has entered a new phase: the people building the most powerful systems are now asking one another to slow down—or at least to coordinate. The proposal sounds like a safety measure. Its critics hear something more troubling: an attempt by the leading companies to decide who gets to compete, under the banner of responsible innovation. Anthropic CEO Dario Amodei set the discussion in motion with “We Must Pace the Frontier,” an argument that AI laboratories should coordinate the speed of development and give independent evaluators access comparable to that of employees. The response was unusually rapid and unusually harmonious. Elon Musk endorsed the idea. OpenAI CEO Sam Altman said he agreed and committed the company to embedded evaluators. Google DeepMind CEO Demis Hassabis called industry-wide standards the right path forward. Hugging Face CEO Clement Delangue proposed an Open Alignment Initiative and asked for similar access, arguing that alignment—the effort to make AI systems reliable, controllable, and compatible with human values—cannot be solved behind closed doors. The consensus did not last. Critics quickly supplied two labels: an “alignment aristocracy,” in which “no one can be trusted with this” becomes “no one but us,” and a “safety cartel,” in which dominant firms invoke safety to set the pace for everyone else. David Sacks argued that frontier companies should improve their own safeguards without seeking antitrust exemptions, regulatory checkpoints, or special authority over competitors. Others made the geopolitical objection more bluntly: China is not pacing. That conflict reflects a genuine policy dilemma. Frontier AI development is expensive and concentrated. Training the largest models requires vast quantities of advanced chips, energy, data-center capacity, and specialized talent. The firms that control those resources are also the ones most capable of evaluating the risks. Yet allowing them to define the rules could entrench their market position and make “safety” a justification for limiting competition. Independent evaluation is intended to address that problem. External researchers could test models for dangerous capabilities, deceptive behavior, cybersecurity risks, or failures in high-stakes settings without relying solely on a company’s own assurances. But access is difficult to design. Evaluators need enough visibility to detect problems, while companies worry about exposing trade secrets, personal data, or systems that could be misused. A credible regime would therefore require clear standards for confidentiality, reporting, conflicts of interest, and enforcement—not simply informal access granted at a company’s discretion. The technical case for pacing is also less straightforward than it appears. One proposal is to regulate the amount of computing used to train or operate advanced models. But algorithmic progress can produce large gains without proportionally increasing compute. A recurrent, looped transformer, for example, can reuse its layers for additional reasoning steps, trading parameters for iterations. Such systems could become more capable without crossing a simple hardware or training-compute threshold. Compute limits may still be useful, but they are unlikely to function as a reliable sieve for frontier capabilities. Benchmarks pose another challenge. The ARC Prize Foundation’s ARC-AGI-4 is designed to test autonomous, open-ended invention—a capability that current systems handle poorly and humans handle comparatively well. Its creators have warned that reducing openness could undermine a positive-sum future in which researchers, entrepreneurs, and the public can build on shared advances. The warning highlights a broader tension: transparency can accelerate beneficial innovation, but unrestricted access can also make dangerous capabilities easier to reproduce. The stakes extend beyond laboratories. Amodei has described it as strange and uncomfortable that a private company is building technology with potentially civilization-scale consequences, and has expressed support for joint oversight by democratically elected governments. That idea raises its own questions. Government involvement could provide legitimacy and accountability, but close cooperation between regulators and incumbents can also produce regulatory capture—rules that appear public-minded while protecting the firms already at the top. The business implications are becoming clearer as well. Nvidia is increasingly described as the central bank of AI because it controls much of the specialized computing infrastructure on which the industry depends. Its products