Evening Scan

The bond market crashed the afternoon: US 10-year yields hit their highest since 2002 and the selling spilled straight into Europe. The Pentagon spent the day building a new command for drones and AI, and a $9 billion beauty retail deal inched toward the finish line.

$9B — The reported price of Sycamore's nearing deal to sell Boots to the Canadian arm of a buyer. (The Business of Fashion)

Eurozone borrowing costs surge in global bond rout (paywall)

US 10-year yields at a 24-year high are now Europe's problem too. (Financial Times)

Pentagon creates Autonomous Warfare Command to scale drones and AI

One command to field drones, robots, and autonomous systems across every branch. (The Next Web)

Ken Griffin's $3 billion gift exemplifies Florida's new mindset: from attracting innovation to creating it

The largest individual gift in the history of higher education, headed to Carnegie Mellon's Miami ambitions. (Fortune)

Singapore's government creates a dating app

GovTech is piloting matchmaking, proving no agency is safe from a roadmap meeting that got out of hand. (The Register)