US Treasury yields rose: 10-year up 2.34 bps to 5.30%; 30-year up 2.64 bps to 5.656%.

The UK Office of Gas and Electricity Markets (Ofgem) said Jarvis, who has served as interim CEO since March, has been appointed permanent chief executive.

Former Anthropic researcher Jacob Coxon will testify Monday at a New York City Council hearing on AI alongside representatives from Anthropic, OpenAI, Alphabet-owned Google and Meta, sources said. Coxon, who left Anthropic last month, has warned AI could become uncontrollable and accused Anthropic and OpenAI of “betting with our lives” by racing to develop more powerful systems. The hearing, requested by City Council Speaker Julie Menin, comes as council members consider bills to establish safety safeguards for the technology. Former DeepMind researcher Alex Turner and Daniel Kokotajlo, executive director of the AI Futures Project and a former OpenAI researcher, are also expected to testify. Sources said the four large AI firms will be represented by officials responsible for policy and security.