News Summary

• Strategy Executive Chairman Michael Saylor is coming under some social media heat for the company’s continued buybacks of its high-yielding preferred stock STRC.
• A shaky start for u.s. stocks has resolved to the upside in late-morning trading, with the Nasdaq sitting at a session high, up 1.8%.
• The S&P 500 is also at its high for the day, up 0.9%.
• Gains are being led by the roughed-up AI space, with defensive sectors like healthcare and consumer staples posting modest losses.