Dakin Campbell / The Information:
Source: Morgan Stanley is pitching data center developers to use leveraged loans rather than bonds, and estimates ~$15B will be issued in 2026 in such loans  —  Morgan Stanley, one of the most active banks in financing data center developers, is now pitching some of those same clients …

Sydney Morning Herald:
WiseTech's shares fell 11% after Australian police probed co-founder Richard White over sex exploitation claims; WiseTech shares are down ~67% in the past year  —  Federal police are investigating billionaire businessman Richard White over claims he exploited a woman's immigration status …

Henny Sender / Nikkei Asia:
Sources: ByteDance shares are trading at a $600B+ valuation in gray markets; an IPO is unlikely and its growth continues to benefit its Chinese and US backers  —  Henny Sender is the founder and managing partner of Apsara Advisory, a strategic consultancy for financial services companies.

Wataru Suzuki / Nikkei Asia:
China adds ten US companies, including MP Materials and Teal Drones, to export controls and bars government purchases from 46 US companies, including Anduril  —  BEIJING — China on Monday announced new restrictions on exports and government procurement targeting dozens of American companies …

Rick and Morty season 9 just brought back one of the show's oldest villains — one that hasn't been seen in 13 years.