Financial Times reports Oracle (ORCL.N) faces challenge to about $18 bln of data-center debt amid local opposition.

Fed governor Bowman said the Fed will complete a reform package in the coming weeks to increase transparency and accountability of bank stress tests. Bowman said the adjustments will make stress tests more reliable and reduce volatility in banks' capital requirements.

SoftBank secured an additional $450m, expanding a syndicated credit facility to $6.5bn to fund increased AI investment, people familiar with the matter said. The prior $6.05bn facility was due to expire this month; the revision gives SoftBank another year to draw the enlarged line. More than 20 banks participated. It is unclear whether SoftBank has drawn or plans to draw the new capacity. The facility is priced at 210 bps over SOFR.