Business
Charlie Kirk death: Report those who celebrate the shooting to employers, Vance says
People who celebrate the killing of conservative influencer Charlie Kirk should be held accountable, US Vice-President JD Vance has said.
“Call them out, and hell, call their employer,” Vance said as he guest-hosted an episode of the Charlie Kirk Show. “We don’t believe in political violence, but we do believe in civility.”
Pilots, medical professionals, teachers and one Secret Service employee are among those who have been suspended or sacked for social media posts that were deemed inappropriate about Kirk’s death.
Critics have argued the firings threaten free speech and employee protections, although US companies have wide latitude to terminate employees.
Vance’s comments aired on Monday in an episode of the Charlie Kirk Show, a daily podcast that Kirk hosted before he was shot in the neck last Wednesday while hosting a debate at Utah Valley University.
He was joined by the White House deputy chief of staff, Stephen Miller, who vowed to dismantle the left-wing “terrorist networks” he said were responsible for the killing. Police have said the 22-year-old suspect in custody acted alone.
In the episode, the vice-president said that left-wing Americans “are much likelier to defend and celebrate political violence”, and added that “there is no civility in the celebration of political assassination”.
A recent YouGov poll found liberal Americans were more likely than conservatives to defend feeling joy about the deaths of political opponents.
However a poll conducted by the Public Religion Research Institute in 2023 – when Democrat Joe Biden was in the White House – found that a third of Republicans agreed with the statement: “Because things have gotten so far off track, true American patriots may have to resort to violence in order to save our country.”
Just 13 percent of Democrats in the survey agreed.
Vance’s remarks come as other Republican US lawmakers echoed calls for those publicly celebrating Kirk’s death to be punished.
“I will demand their firing, defunding, and license revocation,” said Florida congressman Randy Fine in a post on X on Sunday, as he called for such people to “be thrown out of civil society”.
Critics have highlighted previous comments from Fine, including calling Muslim members of Congress “terrorists” and proposing a bill allowing people to run over peaceful protesters who block traffic, an initiative he dubbed the “Thump Thump Act”.
South Carolina congresswoman Nancy Mace urged the Department of Education to “cut off every dime to any school or university” that refuses to retaliate against employees making insensitive posts about Kirk.
Kirk, a devout Christian, professed viewpoints on gender, race and abortion that drew backlash from many liberals, especially on the campuses he toured.
In some cases, those who took to social media to gloat over his death or post comments that caused offence have been fired or placed on leave by employers.
Among them is Anthony Pough, a US Secret Service employee who wrote on Facebook that Kirk “spewed hate and racism on his show… at the end of the day, you answer to GOD, and speak things into existence”.
He has had his security clearance revoked.
Secret Service Director Sean Curran wrote in a memo to staff that politically motivated attacks are on the rise and members of the protective detail should not be exacerbating the issue.
“The men and women of the Secret Service must be focused on being the solution, not adding to the problem,” Curran wrote.
Americans employed by private companies have also come under scrutiny. Office Depot fired employees at a Michigan branch after a viral video showed staff refusing to print posters for a Kirk vigil, the company confirmed to the BBC in a statement.
A spokesperson for Office Depot said the employees’ behaviour “was completely unacceptable and insensitive”, and violated the company’s policies.
Professors and journalists, too, are facing punishment for their comments, provoking a debate over so-called cancel culture.
Karen Attiah, a long-time columnist for the Washington Post, wrote in a Substack post that the newspaper had fired her after a series of posts she made on social media platform Bluesky following Kirk’s death.
In South Carolina, Clemson University said in a statement on Monday that it had fired one employee and placed two professors on leave for what it called “inappropriate” social media posts related to Kirk’s killing.
The repercussions have reached beyond the US.
In Canada, University of Toronto professor Ruth Marshall was placed on leave after appearing to write in a social media post that “shooting is honestly too good for so many of you fascists”.
US employers generally have broad discretion to fire workers for any reason, as most staff are hired under “at-will” contracts.
Steven Collis, a law professor at the University of Texas Austin, said the right to free speech under the US Constitution does not cover private employers.
Rather, it applies to government actions restricting citizens’ free speech, he said.
But Risa Lieberwitz, head of the Worker Institute at Cornell University, said public figures could be infringing on free speech rights if they call for accountability over posts about Kirk.
She said the spate of firings was not surprising, given the current heated political rhetoric in the US.
“I think it reflects the kind of fear that exists now in the United States from retaliation by the Trump administration for not adhering to their political agenda,” she said.
Some have criticised the firings, like the American Association of University Professors, who said in a statement on Monday that academic freedom should be protected and “not curtailed under political pressure”.
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Anthropic’s AI tools have triggered a sharp decline in Indian IT stocks like TCS, Infosys, Wipro, eroding Rs 3,11,873 crore in market value.
Anthropic’s valuation surpassed combined value of total IT firms in India
The entire Information Technology (IT) industry in India is battering with the existential threat, which comes on the heels of rising generative AI, posing doubts over the viability of their business model.
Stocks of the IT industries, including Tata Consultancy Services (TCS), Infosys, Wipro, etc., hit brutally over the past week. This was triggered with the launch of new AI tools by Anthropic’s Claude for Cowork, which is like an office teammate helping the user to do tasks such as file sorting, reading legal drafts, etc.
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Anthropic’s Valuation vs Nifty IT Index
Anthropic’s phenomenal valuation rise has surpassed the combined value of India’s top IT firms. Standing at a valuation of $380 billion, the US-based AI company has eclipsed India’s Nifty IT index, whose market cap was at $296.4 billion by the time of writing this report.
Investors are accelerating their exit from technology stocks as concerns intensify that advanced artificial intelligence tools could disrupt core segments of the global software and IT services industry.
This week alone, TCS, Infosys and HCL Technologies dragged 9-11 per cent.
The sharp correction has wiped out substantial investor wealth. Based on intraday lows, the combined market capitalisation of the top five domestic IT companies has eroded by nearly Rs 3,11,873 crore this week.
TCS emerged as the biggest laggard, losing Rs 1,28,800 crore in market value, with its market capitalisation slipping to Rs 9,35,253 crore. The fall also pushed it to the fifth-most valued listed company from the fourth position.
Infosys has seen its market capitalisation shrink by Rs 91,431 crore following a 15 per cent decline this week. HCL Technologies has lost Rs 53,647 crore in market value over the past five trading sessions. Wipro and Tech Mahindra have also recorded declines, with their market capitalisations falling by Rs 22,762 crore and Rs 15,233 crore, respectively, during the same period.
| Company Name | Mcap ($Billion) |
| Tata Consultancy Services | 107.4 |
| Infosys | 61.2 |
| HCL Technologies | 43.6 |
| Wipro | 24.8 |
| Tech Mahindra | 16.6 |
| LTIMindtree | 16.7 |
| Persistent Systems | 9.5 |
| Oracle Financial Services Soft | 6.4 |
| Coforge | 5 |
| Mphasis | 5.2 |
| Total | 296.4 |
Source: Bloomberg
Anthropic’s Recent Funding Round
Anthropic has recently raised $30 billion in Series G funding led by GIC and Coatue, valuing Anthropic at $380 billion post-money, as announced by the company in the press release.
The investment will fuel the frontier research, product development, and infrastructure expansions that have made Anthropic the market leader in enterprise AI and coding.
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February 14, 2026, 09:15 IST
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Business
Piyush Goyal Dismisses Rahul Gandhi’s Farmer Meet Video, Rebuts ‘Fake Narrative’ On India-US Trade Deal
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The minister offered a detailed reality check to counter what he termed ‘Rahul ji’s fakery’
Goyal reiterated that Prime Minister Narendra Modi’s policies are intrinsically linked to farmer welfare. (File Photo: PTI)
Union Commerce Minister Piyush Goyal has accused Congress leader Rahul Gandhi of orchestrating a “fake narrative” aimed at provoking India’s farming community. Responding to a video released on social media by the Leader of the Opposition on Friday, Goyal dismissed the interaction as a stage-managed performance featuring Congress activists masquerading as genuine farmer leaders. He asserted that the dialogue followed a predetermined script designed to mislead the public regarding the safeguards in the recent India-US trade deal.
Rahul Gandhi has alleged that “any trade deal that takes away the livelihood of farmers or weakens the food security of the country is anti-farmer”. He was pointing to the recently concluded India-US framework agreement for bilateral trade, which is expected to be signed after tweaks by the end of March.
Piyush Goyal offered a detailed reality check to counter what he termed “Rahul ji’s fakery”, placing on record that the Narendra Modi government has fully protected the interests of annadatas, fishermen, MSMEs, and artisans. The minister categorically clarified that sensitive crops like soyameal and maize have been granted no concessions whatsoever in the agreement, ensuring that domestic farmers remain shielded from competitive pressure. He criticised the opposition for repeating “baseless allegations” in an attempt to instill unnecessary fear among the rural population.
Addressing specific claims regarding apple and walnut imports, the minister provided a technical breakdown of the protectionist measures in place. He noted that while India already imports approximately 550,000 tonnes of apples annually due to high domestic demand, the new US deal does not allow unlimited entry. Instead, a strict quota has been established, far below current import levels, and subject to a Minimum Import Price (MIP) of Rs 80 per kg. With an additional duty of Rs 25, the landed cost of US apples will be roughly Rs 105 per kg—significantly higher than the current average landed cost of Rs 75 per kg from other nations—thereby ensuring Indian growers are not undercut. Similarly, for walnuts, the US has been offered a modest quota of 13,000 metric tonnes against India’s total annual import requirement of 60,000 metric tonnes, making it impossible for the deal to harm local producers.
Goyal also took a swipe at the historical record of the Congress party, pointing out the irony of its current stance. He reminded the public that during the Congress-led UPA era, India imported nearly $20 billion worth of agricultural products, including dairy items, which the current administration has strictly excluded from the US pact. He challenged Rahul Gandhi to explain his “betrayal of farmers” and questioned how much longer the opposition intended to peddle fabricated stories.
Concluding with the slogan “Kisan Surakshit Desh Viksit”, Goyal reiterated that Prime Minister Narendra Modi’s policies are intrinsically linked to farmer welfare. He maintained that the India-US agreement is a balanced framework that opens new markets for Indian exports like basmati rice and spices while keeping the nation’s agricultural backbone secure.
February 14, 2026, 05:29 IST
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Mesh Cube | Istock | Getty Images
The stock market has been quick to punish software firms and other perceived losers from the artificial intelligence boom in recent weeks, but credit markets are likely to be the next place where AI disruption risk shows up, according to UBS analyst Matthew Mish.
Tens of billions of dollars in corporate loans are likely to default over the next year as companies, especially software and data services firms owned by private equity, get squeezed by the AI threat, Mish said in a Wednesday research note.
“We’re pricing in part of what we call a rapid, aggressive disruption scenario,” Mish, UBS head of credit strategy, told CNBC in an interview.
The UBS analyst said he and his colleagues have rushed to update their forecasts for this year and beyond because the latest models from Anthropic and OpenAI have sped up expectations of the arrival of AI disruption.
“The market has been slow to react because they didn’t really think it was going to happen this fast,” Mish said. “People are having to recalibrate the whole way that they look at evaluating credit for this disruption risk, because it’s not a ’27 or ’28 issue.”
Investor concerns around AI boiled over this month as the market shifted from viewing the technology as a rising tide story for technology companies to more of a winner-take-all dynamic where Anthropic, OpenAI and others threaten incumbents. Software firms were hit first and hardest, but a rolling series of sell-offs hit sectors as disparate as finance, real estate and trucking.
In his note, Mish and other UBS analysts lay out a baseline scenario in which borrowers of leveraged loans and private credit see a combined $75 billion to $120 billion in fresh defaults by the end of this year.
CNBC calculated those figures by using Mish’s estimates for increases of up to 2.5% and up to 4% in defaults for leveraged loans and private credit, respectively, by late 2026. Those are markets which he estimates to be $1.5 trillion and $2 trillion in size.
‘Credit crunch’?
But Mish also highlighted the possibility of a more sudden, painful AI transition in which defaults jump by twice the estimates for his base assumption, cutting off funding for many companies, he said. The scenario is what’s known in Wall Street jargon as a “tail risk.”
“The knock-on effect will be that you will have a credit crunch in loan markets,” he said. “You will have a broad repricing of leveraged credit, and you will have a shock to the system coming from credit.”
While the risks are rising, they will be governed by the timing of AI adoption by large corporations, the pace of AI model improvements and other uncertain factors, according to the UBS analyst.
“We’re not yet calling for that tail-risk scenario, but we are moving in that direction,” he said.
Leveraged loans and private credit are generally considered among the riskier corners of corporate credit, since they often finance below-investment-grade companies, many of them backed by private equity and carrying higher levels of debt.
When it comes to the AI trade, companies can be placed into three broad categories, according to Mish: The first are creators of the foundational large language models such as Anthropic and OpenAI, which are startups but could soon be large, publicly traded companies.
The second are investment-grade software firms like Salesforce and Adobe that have robust balance sheets and can implement AI to fend off challengers.
The last category is the cohort of private equity-owned software and data services companies with relatively high levels of debt.
“The winners of this entire transformation — if it really becomes, as we’re increasingly believing, a rapid and very disruptive or severe [change] — the winners are least likely to come from that third bucket,” Mish said.
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