Good morning NYC. Key highlights for 2026-08-19:
- US stocks declined as rising oil prices and bond yields pressured markets, with the 10-year Treasury yield hitting its highest level since early 2025.
- OpenAI's Q2 revenue growth slowed to 18%, significantly lower than Anthropic's doubling, raising concerns about its competitive position in the AI sector.
- CME Group launched single-stock futures for major companies like Apple and Tesla, with NinjaTrader offering risk-free trading on its simulation platform.
- KKR offered $9 billion to acquire UGI Corp, a natural gas and electricity distributor, at a 20% premium, highlighting ongoing M&A activity in energy.
- Anthropic is preparing supervoting rights for its founders ahead of its IPO, while its credit facility is expected to exceed $10 billion.