Issue

• The U.S. Treasury successfully auctioned $42 billion in new 10-year notes on April 25, 2026, with the coupon rate settling at 4.38% amid continued demand from foreign central banks and domestic pension funds. • Bid-to-cover ratio reached 2.38x, slightly above the six-month average, indicating solid underlying demand despite elevated yields and concerns about federal deficit growth, which is projected to reach $1.8 trillion for fiscal year 2026. • The auction results suggest stabilization in long-term borrowing costs after weeks of volatility, potentially reducing pressure on the Federal Reserve to adjust its benchmark rate at the May 2 policy meeting.

• The International Criminal Court announced Friday the issuance of an arrest warrant for General Ahmed Hassan al-Madibbo, a prominent Sudan Armed Forces commander, citing evidence of war crimes including extrajudicial killings and enforced displacement in Darfur since April 2023. • ICC prosecutors presented evidence of at least 127 documented extrajudicial executions of civilians and systematic attacks on refugee camps housing over 2 million displaced persons, with al-Madibbo alleged to have direct command responsibility. • Sudan's military government rejected the warrant and accused the ICC of bias toward the Rapid Support Forces militia; the announcement intensified international pressure on Khartoum to cooperate with the court's investigations.

• President Trump issued a controversial 'shoot and kill' order targeting boats placing mines in the Strait of Hormuz as tensions with Iran escalate, marking an intensification of military posturing in the critical shipping lane. • Congress was briefed that removing all mines from the strait could take up to six months, creating significant concerns about extended disruptions to global energy supplies and trade. • The Chevron CEO warned of potential air travel disruptions due to expected jet fuel shortages resulting from the ongoing tensions and potential blockade of the strategic waterway.

• The Financial Accounting Standards Board (FASB) released preliminary measurement guidance addressing accounting treatment for paid-in-kind (PIK) dividends on equity-classified preferred stock. • The guidance represents an important clarification for companies issuing preferred stock with dividend structures, affecting financial reporting standards across the U.S. corporate sector. • This regulatory development impacts corporate accounting practices and may influence capital structure decisions for companies considering preferred equity financing.

A malfunction was discovered during routine testing of the firearm, which is standard issue for QPS officersGet our breaking news email, free app or daily news podcastQueensland police have been forced to retest all service-issued Glock handguns after a fault was discovered in the weapon that could cause it to fire multiple shots.The 40-calibre Glock is the standard-issue sidearm for Queensland police officers, and has been in service since the 1990s. Continue reading...

• Florida Attorney General James Uthmeier issued criminal subpoenas to OpenAI investigating ChatGPT's role in planning a mass shooting. • The probe examines potential criminal liability for the chatbot in the incident, marking a novel legal action against AI providers. • This development highlights emerging accountability questions for AI systems in facilitating harmful activities.

• President Trump delivered an emergency announcement from the Oval Office, placing the US on high alert over unspecified national security threats. • The speech called for public vigilance and federal coordination based on credible intelligence, stunning observers. • Reactions poured in from Congress, the Pentagon, and global markets amid a developing situation.