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The Trump administration moved swiftly on Friday to impose export controls on Anthropic's latest AI models, Mythos and Fable, ordering CEO Dario Amodei to block all foreign access. Anthropic responded by pulling both models entirely, marking a significant escalation in Washington's effort to restrict advanced artificial intelligence from reaching overseas users.
Shifting to geopolitics with direct market implications, President Trump is urging restraint after Israeli strikes on Hezbollah targets in Beirut threatened to unravel a fragile ceasefire framework. Iran has issued military response warnings, and Trump publicly told both sides not to, quote, blow it. Any breakdown in negotiations raises fresh risk-off pressure across energy and emerging market assets.
On the equities side, Tapestry's Coach brand is drawing attention as a consumer growth story worth watching. The luxury handbag maker is successfully cultivating younger shoppers, a critical signal for durability in a segment where brand loyalty tends to drive long-term margin strength, and investors are beginning to take notice of that generational handoff.
That's the tape. Markets Desk, signing off the floor.
