Dan Schwartzman

Bloomberg News had reported Thursday that earlier this week, Treasury Secretary Scott Besant and Federal Reserve Chair Jerome Powell summoned Wall Street leaders for an urgent chat to warn that they should take the mythos model seriously.

Dan Schwartzman.

Bloomberg Radio.

Trump administration officials have encouraged the banks to use mythos internally to detect vulnerabilities.

So far, JPMorgan Chase is the only bank named as part of an initiative to test the model, but other major financial institutions such as Goldman Sachs, Citigroup, Bank of America and Morgan Stanley have also gained access or expect to in the coming days.

Bloomberg News had reported Thursday that earlier this week, Treasury Secretary Scott Besant and Federal Reserve Chair Jerome Powell

summoned Wall Street leaders for an urgent chat to warn that they should take the mythos model seriously.

Dan Schwartzman, Bloomberg Radio.

News when you want it with Bloomberg News Now, I'm Dan Schwartzman.

Shipping through the Strait of Hormuz remains curtailed, with transits over the past 24 hours consisting almost exclusively of ships linked to Iran.

Several supertankers moved toward the waterway but have yet to make the crossing out of the Persian Gulf, despite a U.S.

and Iran ceasefire taking effect this week.

The U.S.

has said the truce is conditional on Iran on blocking Hormuz.

Since Thursday morning, just nine ships have been observed passing through the strait, with five heading out of the Gulf and four going in the opposite direction.

Ahead of the Pakistan talks, President Trump is making new threats over the strait.

Bloomberg's Tyler Kendall has more on that from Washington.

That's Bloomberg's Tyler Kendall.

As the U.S.

and Iran gear up for weekend peace talks in Islamabad, Pakistan, Iran's Parliament Speaker Mohammad Bagher Ghalibaf says in a post on X, two measures mutually agreed upon have yet to be implemented and, quote, must be fulfilled before negotiations begin.