U.S. Energy Secretary Wright said he is considering invoking the Defense Production Act to boost U.S. refining capacity.

US Senate Republican leader Thune said we must reduce the risks posed by artificial intelligence.

Siebert Financial CIO Mark Malek said in a report that the U.S. 10-year Treasury yield rising to 5% is not due to a U.S.-specific economic problem but reflects a synchronized upswing in global bond yields. He noted Japan's 10-year yield has topped 3% for the first time in 30 years. Malek said: 'When long-term yields of all developed sovereigns reprice together, the market is not judging any single borrower; it is simply remembering what it has spent the past 15 years deliberately forgetting — that lending for ten years is a risk, not a convenience.'