There’s a strong signal for boardrooms coming from the loud noise in Washington: brace for crisis. Senior Trump administration officials inadvertently included a journalist in a group chat, in the latest example of sloppiness with sensitive material. Companies entrust the government with loads of confidential information, too, and the risks of exposure are rising quickly. The U.S. capital is renowned for leaks to advance political agendas, but recent events suggest greater vulnerability to hacking and accidental slips. The Atlantic exposed on Monday that even top-secret information isn’t safe. Vice President JD Vance, Defense Secretary Pete Hegseth and others used the commercial messaging

Semantic satiation is the technical term for what happens when a word or phrase loses its meaning from overuse. In the world of M&A, takeover targets shout “undervalued” in response to unwelcome acquisition offers so often that it’s easy for suitors and shareholders to tune it out. Beacon Roofing Supply’s $11 billion sale provides a perfect example of why it happens. CEOs and their advisers would be better served by choosing their words more carefully. QXO is effectively a shell company helmed by dealmaker Brad Jacobs that aims to roll up a building-products behemoth with $50 billion of sales, starting with Beacon.

Google’s yellow-brick road might be a path to nowhere. The search giant on Tuesday agreed to buy cybersecurity platform Wiz for $32 billion. It may help boss Sundar Pichai in his battle for the cloud, but the journey is riddled with potholes. Parent Alphabet is paying in cash to buy the startup backed by Blackstone, Andreessen Horowitz and Sequoia Capital. It was a hard-fought agreement. Back in the middle of last year, the technology goliath offered $23 billion for Wiz, according to the Wall Street Journal, which would already have made it Google’s largest acquisition. Talks collapsed in part over concerns that

The new top cop at the U.S. Federal Reserve hardly fits the presidential mold. Michelle Bowman, Donald Trump’s pick to be the central bank’s vice chair of supervision, has indicated that she believes in aligning federal rules with Europe and the rest of the world. If so, it would mean largely conforming to Basel 3, the sort of international accord the White House is trashing most everywhere else. Bowman should be a welcome choice to the eight systemically important U.S. banks, which include Bank of America and Goldman Sachs. JPMorgan boss Jamie Dimon led the charge against her predecessor, Michael Barr, who initially proposed