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👋Good morning. Monday mornings in business tend to announce themselves before the coffee's even kicked in, and this one arrived with the unmistakable hum of an industry rewiring itself in real time. Old, established players are cutting deep to fund uncertain futures. The people building the most powerful new technology on Earth are, unusually, asking everyone to ease off rather than floor it. And somewhere in the background, currencies are quietly repricing the odds for anyone trading across borders. Nothing about today feels settled. That's not a bad thing — a week that starts with this much movement tends to be one worth paying attention to. Here's everything that happened yesterday, and why none of it is as simple as the headlines made it sound.
