It’s time to go short German government debt, according to strategists at Barclays.
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Thus far, Michael has embraced President Donald Trump’s edicts, including the demand that the Department of Defense (renamed the Department of War) become an “AI‑first” organization, publicly arguing that whoever moves fastest on AI will dominate future conflicts. “Speed defines victory in the AI era, and the War Department will match the velocity of America’s AI industry,” he said in remarks outlining a new tech strategy that centers AI alongside hypersonic and directed‑energy weapons. “We’re pulling in the best talent, the most cutting‑edge technology, and embedding the top frontier AI models into the workforce—all at a rapid wartime pace.” A Department of War spokesperson underscored to Fortune that Michael is “leading the mandate to secure U.S. military technological dominance. Emil’s team is moving at unprecedented speed to deliver new advanced capabilities to the war fighter, as reflected in his engagement with hundreds of industry partners during his first nine months as undersecretary.”