The race to fund the future of technology is actively making capital more expensive for everyone else, as AI hyperscalers flood the bond market and drive up the hurdle rate for traditional businesses. Meanwhile, the era of unified global pricing for essential materials is officially fracturing into regional blocs, forcing manufacturers to treat supply chain resilience as a measurable, premium line-item cost. • How the collision between sovereign debt and $220 billion in AI corporate borrowing is driving US 30-year real yields to 18-year highs. • Why advancing security talks in the Strait of Hormuz are critical as the IEA projects a 4.3 million barrel-per-day crude supply drop. • The structural shift in critical minerals, ending unified benchmark pricing for lithium and cobalt in favor of regional friend-shoring. • Frontier AI labs transition crypto ...