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Bloomberg

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.)

Read more: Henry Paulson Suggests US Make a Break-Glass Treasuries Plan
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.

Read more: Anthropic Updates Opus 4.7, Its Most Powerful AI Model
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.

Read more: Ben McKenzie Slams Crypto Risks
Bloomberg

Kering CEO Backs Demna as Creative Director of Gucci

Kering CEO Luca de Meo discusses the impact of the war in the Middle East on sales, the firm's partnership with ICCF, the Chinese owner of Icicle, and Demna's role as creative director of Gucci. Demna is "one of the greatest of his generation," de Meo says. "He has now in his hands one of the most beautiful brands in the sector, so I'm pretty optimistic that everything will work," he adds. De Meo speaks to Bloomberg's Caroline Connan in Florence, Italy.

Read more: Kering CEO Backs Demna as Creative Director of Gucci