Mark Filippino

Good morning from the Financial Times.

Today is Wednesday, June 3rd, and this is your FT News Briefing.

The White House is trying to keep tabs on AI models, and the conviction of a famous short seller could change how people invest.

Plus, sure, Deutsche Bank has had its problems, but the German lender has turned things around.

I'm Mark Filippino, and here's the news you need to start your day.

U.S.

President Donald Trump signed an executive order on AI yesterday.

It creates a voluntary framework that allows the government to vet AI models.

The move comes after officials raised concerns about the security risks posed by frontier AI platforms, most recently Anthropix Mythos.

The signed order asks AI labs to submit new models for security review up to 30 days before they are released to the public.

An earlier draft of the order proposed a longer 90-day period.

But Trump pulled that version abruptly last month because of warnings within his administration that tighter oversight could hamper the growth of leading AI labs.

Regulation of the technology has become a thorny issue for the president.

Some of his allies, including former White House chief strategist Steve Bannon, have called for the government to take control of leading AI models.

A U.S.

criminal conviction could have big consequences for how investors, like short sellers, do their bidding.

On Monday, a jury in Los Angeles found Andrew Left guilty of securities fraud.

He's the founder of the online investment newsletter Citron Research.

Federal prosecutors accused Left of making at least $16 million in, quote, a long-running market manipulation scheme.

Left, though, maintains he was simply sharing opinions with his followers.