In this week's episode of WSJ’s Take On the Week, co-host Miriam Gottfried and Heard on the Street columnist Jonathan Weil break down why U.S. Treasury yields hit their highest levels since 2002, and how the delay of highly anticipated IPOs from AI giants like OpenAI and Anthropic could reshape the market. Next, they analyze whether these postponements are solely driven by AI safety concerns or if they signal broader weakness in the IPO market. After the break, former SEC enforcement attorney Marc Steinberg joins the show to explain why the SEC’s controversial proposal to allow publicly held companies to elect semi-annual reporting could impact U.S. capital markets. He details the mechanical risks of this shift, arguing that reduced mandatory disclosure could trigger a wave of financial fraud and strip away essential investor protections. Chapters: 0:53 - Rising Treasury Yields and the Fed 2:37 - AI Safety Concerns and Delayed IPOs 5:48 - Leaked Anthropic Prospectus 8:08 - The SEC Proposal to End Quarterly Reporting 9:31 - Interview: Professor Marc Steinberg 14:16 - Who Wants To End Quarterly Reporting? 15:34 - Public Opposition and Voluntary Disclosure 18:17 - Disclosure Gaps in U.S. vs. EU, U.K. and Australia 26:01 - Insider Trading Risks 27:53 - Will the SEC Adopt Its Proposal? 29:56 - The Broader Deregulation Push This is WSJ’s Take On the Week where co-hosts Telis Demos, writer for WSJ’s Heard on the Street, and Miriam Gottfried, WSJ’s investing and wealth management reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com. 🎧 Prefer just the audio version? Subscribe and listen on Apple Podcasts, Spotify, Amazon Music, or wherever you get your podcasts: https://on.wsj.com/3LBGo5Q?mod=WSJ_TOTWPOD #WSJ #Markets #Investing