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Henry Paulson Suggests US Make a Break-Glass Treasuries Plan

Former Treasury Secretary Henry Paulson suggested US authorities prepare a back-up plan in order to avert a potential future collapse in demand for Treasuries resulting from long-running concerns over the federal debt load an event that he warned would have "vicious" effects. (Updates headline and description with additional context.)

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Bloomberg

Anthropic Updates Opus 4.7, Its Most Powerful AI Model

Anthropic PBC introduces an updated version of its AI model, Opus 4.7, which the company says is better at software engineering and hard coding. A more advanced AI offering, Mythos, has been in the news since Antrhopic says it's too dangerous to be released to the general public. Bloomberg's Ed Ludlow reports.

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Bloomberg

Ben McKenzie Slams Crypto Risks

Ben McKenzie, actor, director and producer of the new documentary "Everyone is Lying to You For Money" is tearing into the crypto industry, arguing it thrives on speculation, avoids regulation, and enables massive criminal activity. He joined Bloomberg Open Interest with a warning that as  crypto becomes more embedded in the financial system, the risks could spill over into the real economy, setting the stage for a crisis eerily similar to the one it claimed to replace.

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