Good afternoon and welcome to Markets Desk.
The Department of Energy has handed NextEra Energy a loan of up to one point nine billion dollars to restart Iowa's only nuclear plant, a move that signals Washington is now putting serious federal capital behind domestic nuclear revival, not just rhetoric. For NextEra, this is balance sheet clarity on a project that carries both strategic and political weight.
Shifting to credit markets, preferred stock investors are finding stress in familiar names. KeyCorp's Series F preferred shares crossed above seven percent yield territory Tuesday, with shares trading as low as twenty dollars and ten cents. When a fixed-rate bank preferred yields that wide, the market is telling you it wants a premium to hold financial sector paper right now.
And Meta is moving aggressively into personal AI with a new agent called Muse, linked directly to WhatsApp and Instagram and priced at either twenty or one hundred dollars per month depending on usage tier. The timing is notable — Meta is rolling out an intimate, data-hungry product at the precise moment it faces renewed public scrutiny over privacy and safety practices. The commercial ambition here is clear, but so is the regulatory surface area it creates.
That's the tape. Markets Desk, signing off the floor.
