It’s not just students using AI to cut corners. The models themselves are cheating on tests too.

OpenAI announced today that two of its AI models escaped a sandboxed test, slipping onto the open internet and hacking developer platform Hugging Face entirely on their own, all to cheat on an evaluation. Reportedly, no human pulled the trigger.

Machines: they’re just like us!

— Brooks & The Street Sheet Team

Alphabet (GOOGL) reports minutes from now, and traders aren't just eyeing revenue. The prediction market is pricing Google's Q2 headcount at 196K, a nerdy proxy for how hard Big Tech is leaning into AI over humans.

Tesla (TSLA) drops numbers tonight too, so clear your evening. Two megacaps, one very caffeinated after-hours session.

📈 | Rocket Lab (RKLB) rose after winning a $266M US Air Force launch contract.

📉 | GE Vernova (GEV) fell despite a revenue beat and raised full-year guidance.

📈 | CME Group (CME) gained after posting its best first half ever.

📉 | Pegasystems (PEGA) tumbled after Q2 results fell short of Wall Street expectations.

📈 | EQT (EQT) climbed after stronger-than-expected Q2 production and lifted sales-volume guidance.

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Truist's Gabe Daoud sees upside for Williams coming down the pike.

The pipeline operator moves roughly a third of US natural gas every day. Electricity-hungry AI data centers crave the power it helps deliver, and its pending acquisition of Momentum Midstream could help it supply that demand.

Williams runs what analysts call a differentiated integrated power platform, a first mover in on-site "behind-the-meter" generation for data centers.

Big Tech names like Meta (META) pay up to bypass the grid and avoid blackouts, on contracts that can run a decade or longer. Fixed-fee deals mean Williams gets paid whether gas flows or not, insulating it from commodity swings.

Consensus sees EPS climbing 12.5% this year to a record high.

A Blackstone (BX)-led group is investing $5.34B for a 49% stake in five power projects, and the company sits on a multibillion-dollar backlog.

The stock has been a consistent winner over the past five years, and Daoud sees the Momentum deal as the next catalyst.

Former US Senator Ted Stevens (R-AK) once mocked the internet as a series of tubes. In the age of AI, the tubes may have the last laugh.

⚖️ | EU antitrust regulators cleared Paramount Skydance's (PSKY) acquisition of Warner Bros Discovery (WBD) after concessions, even as US state attorneys general keep the deal stalled.

🚀 | SpaceX (SPCX) has posted one of the weakest post-IPO runs since 2009, with billions of locked-up shares set to unlock starting in August.

🚢 | Yemen's Houthis declared a blockade on Saudi shipping at the Bab el-Mandeb Strait, threatening a second oil chokepoint as the Iran war widens.

🛢️ | In response, President Trump threatened to destroy an Iranian bridge or power plant for every ship Iran attacks in the Strait of Hormuz.

🕶️ | Kylie Jenner's new Meta-designed smart glasses drew widespread backlash over privacy fears, including an unreleased facial-recognition feature called NameTag.

Do you own any shares of Ralph Lauren (RL)?

▇▇▇▇▇▇ 🐂 Yup, I'm holding

▇▇▇▇▇▇ 🐻 Nope, not interested

▇▇▇▇▇▇ 👀 No, but I'm interested

And, in response, you said: