Congratulations to my good friend, Barbera Thornhill, who starts as the Senate-confirmed U.S. Ambassador-at-Large to Monitor and Combat Trafficking. Ambassador Thornhill is a successful businesswoman and civil leader who focused her earlier philanthropic work on protecting and supporting vulnerable children. She will bring experience, judgment, compassion, and leadership to her new role.

Organizers of this year’s Audubon Photography Awards shared some of their top-100 selections—featuring a rainbow-bearded thornbill, a northern pygmy-owl, and Andean condors. See more via @AtlPhoto:

$EOSE just got $87M of manufacturing capital back from the DoE with management saying the advance “returns that capital to the balance sheet” as Line 2 ramps toward ~2 GWh of annual capacity. That capital gives Eos more room to fund the next stage of growth as it scales Thorn Hill toward ~4 GWh of annual capacity.

$EOSE Great call and progress! Congrats to the whole team. Main takeaway: Cerberus isn't going anywhere. They continue to doble-down on $EOSE, reinvesting, putting the effort and talent, and building a "platform"; the typical Private Equity playbook. A battery OEM having its own project development arm makes all the sense in the world. I like it. Allows for faster deployments of newer technologies, and can work as a hedge and reinvestment avenue if manufacturing ever becomes commoditized. There's a scenario were owning the energy asset is more profitable than manufacturing it. Dont know the probability of it, but it exists. Eos has got that covered now. On the commercial front: 2GWh from Turbine-X + 2GWh from Frontier USA + 3GWh from Talen + 3.3GWh from NYSERDA... among others... some of them need to turn into firm orders, but still. Lots of traction to like imo. Manufacturability of the product continues to improve, even without Tornhill online. John Mahaz is a killer and great addition to the team! Margins still negative but improving fast, and are even targeting adj-EBITDA positive by year-end. That was above my expectations. All-in-all, lots to like. $EOSE placed the bar super low after Q4 2025. That was deliberate. Painful in the short term, but the only was to rebuild from there. Q1 2026 was the first step towards that. Cerberus continues to be all-in. A lot more to digest.

Another local talent locked in 🔒 Marist Nelson halfback Wil Thornalley has re-signed with the Tasman Mako for the 2026 season. After earning his first Mako call-up in 2025, Mako #248# will continue his journey in blue and red 🦈 #finzup#

Thanks to the Exchequer Club for having me. It was great to join Paul Thornell, the Club's Chancellor, to discuss how the @CFTC is maintaining America's position as the global leader in financial markets.