Axios

Former Federal Reserve governor Stephen Miran is returning to Hudson Bay Capital Management as a senior strategist in his first role since leaving the Fed in May.

The big picture: Miran returns to the hedge fund with a rare insider view of the White House's economic agenda and the Fed's interest rate-setting debates after serving as President Trump's top economist and the central bank's most persistent advocate for lower rates.

Prominent cybersecurity leaders — including chief information security officers, security researchers and executives at Adobe, Zoom and Sophos — are urging the Trump administration to reverse restrictions on Anthropic's most advanced AI models, arguing the move hurts cyber defenders more than attackers.

Why it matters: Pulling back access to Anthropic's first publicly available Mythos-class model could kneecap cyber defenders just as they're bracing for a wave of AI-powered hacking threats, the leaders argue.

MINNEAPOLIS — The nation's most powerful labor unions have a message for potential 2028 contenders for president: It's us or the machines.

Why it matters: AI anxiety dominated much of the conversation at the AFL-CIO's national convention here last week, as leaders from the group's 65 affiliated unions called on politicians to impose significant AI regulations.

President Trump is demanding Congress attach his sweeping voting overhaul to legislation renewing a key U.S. surveillance authority.

Why it matters: Section 702 of the Foreign Intelligence Surveillance Act is among the government's most contested surveillance authorities, long opposed by privacy advocates and supported by security hawks. Its fate now hinges on Trump's unrelated demands for a voting bill.

Senior technical Anthropic staff are in Washington to meet with White House officials to try to fix a dispute that has taken the company's top models offline, a source close to the company tells Axios.

Why it matters: Anthropic is mobilizing quickly to make amends with the Trump administration, after safety concerns resulted in sweeping export controls on its most powerful models, Mythos and Fable.

President Trump tells Axios the U.S.–Iran deal to end the war is still on track for Sunday despite Israel's strike in Beirut and the Iranian threat to retaliate.

Why it matters: The president is racing to save a deal that nearly collapsed the moment Israel struck Beirut, leaning on private diplomacy and public messaging to get it signed. Iranian officials haven't confirmed a deal is expected to be signed today.

A drone strike on northern Israel set off a chain reaction Sunday: Israel hit Hezbollah targets in Beirut in retaliation, and Iran is now threatening to strike back.

Why it matters: The escalation lands hours before the the U.S. and Iran are supposed to sign a deal to end their war, and now Iranian officials have signaled Israel's attack could scuttle the agreement.

Top White House officials believe New York Times reporters Maggie Haberman and Jonathan Swan obtained audio recordings of Situation Room meetings for their forthcoming book, "Regime Change."

Why it matters: Such a taped leak would be a shocking breach of one of the most secure settings on Earth. Independent recording devices in the Situation Room are forbidden.

• "We're afraid some of our most sensitive conversations were being recorded," an administration source told us. "And we have no idea which ones."

The screwworm has arrived in the United States, and it's creeping up on President Trump as a political pest.

Why it matters: Trump and the Republican Party are already reeling from soaring beef prices and accelerating inflation.

The Trump administration gave Anthropic 90 minutes on Friday to pull down its most powerful models before imposing a licensing regime on the company, according to an Anthropic source.

Why it matters: It illustrates the mad dash within the government to react to warnings from Amazon and others about the models' capabilities.