As fighting spreads and the Strait of Hormuz remains under threat, Washington faces questions over whether military pressure, diplomacy or both can still shape the outcome. Also, Jerry Perullo of Adversarial Risk Management on how a test of powerful frontier models at OpenAI went horribly wrong.

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As Windrose pursues new funding, international expansion and a potential public listing, questions over operations and governance offer a window into the challenges facing fast-growing industrial startups. Also, hackers are rebranding at a furious pace.

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NATO’s members are spending more on defense than at any point in decades. The question now is whether they can build the capabilities needed to match the threat they face, potentially without U.S. support. Also, forever chemicals are in regulators’ crosshairs.

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As millions of soccer fans travel across North America, banks and regulators are using financial intelligence to identify human trafficking networks operating around the tournament. Also, Christmas is coming early for some U.S. retailers, whether they like it or not.

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From anti-money-laundering rules to fintech partnerships and bank capital requirements, a series of policy proposals reveals a broader effort to redefine the balance among risk, oversight, and competition in the financial sector. Also, the Justice Department steps into a datacenter lawsuit on national security grounds.

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From the Strait of Hormuz to strategic reserves, the Iran crisis has exposed how vulnerable global energy markets remain to disruption from a single chokepoint. Plus, how the U.S. government’s ban on Chinese car software isn’t working.

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A ceasefire may be holding, but the hardest questions remain unresolved. What the Iran framework deal means for sanctions, shipping through Hormuz and the future of stability in the Middle East.

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The simmering conflict in the Middle East is raising more questions than before fighting broke out, as Israel, the U.S. and Iran teeter on the brink. Plus, airlines once touted sustainable fuel as the future. It hasn’t worked out like that.

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