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Category: Risk Factors

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Data Centers Getting Easier to Finance, Harder to Build

red and blue pegs each sitting atop equal piles of coins

What the right hand giveth, the left hand taketh away. We think someone said that once. Regardless, data center operators might be feeling that sentiment right now, because they are getting contrasting signals about their businesses from tw...

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import crates

Will Third Tariff Regime Charm the Courts?

import crates

If at first you don’t succeed, try, try again. That can-do sentiment could serve as the tagline for the administration’s newest tariff regime, which took effect on July 24. Acting under the Trade Act of 1974, the U.S. Trade Representative i...

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Easy Prediction for 2026: Insider Trading Concerns

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Will Anthropic go public by December 31, 2026? Most people on Polymarket think so (it costs one dollar to win 71 cents as of this writing). But we wouldn’t advise betting on it, especially if you’re an Anthropic employee. Anthropic is consi...

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AI cooling towers

Data Centers Generate AI—and Risk—for Issuers

AI cooling towers

Everybody wants the AI, nobody wants the data center. That may be an oversimplification, but if you read enough securities filings (as we love to) or litigation dockets, you start to realize it’s only a slight one. The opposition to data ce...

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red barn

Can the SEC Close the Barn Door on Climate Rules?

red barn

On May 29, the SEC formally proposed rescinding its climate-related disclosure rules—the “Enhancement and Standardization of Climate-Related Disclosures for Investors” finalized back in March 2024. Those rules were among the Gensler-era SEC...

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