Ernst & Young's U.S. division will invest $100 million in employee rewards to recognize human skills like adaptability, innovation, and judgment that support AI adoption. Individuals can earn spot awards up to $500, while teams making a material difference can receive up to $25,000. EY's career residency program extends internship training to 12 months, and new bootcamps target engineers and partners. Reporter Allison Pohle notes this complements firm-wide AI training and aims to incentivize behaviors critical for the future. The shift also pressures hourly billing models as clients demand faster, cost-effective results.

Separately, the Securities and Exchange Commission has intensified examinations of special purpose vehicles (SPVs) offering exposure to private company investments. SEC examiners are demanding proof from registered investment advisers that SPVs actually own or have exposure to the private shares they claim, according to sources familiar with the matter.

Meanwhile, Westinghouse Electric, bankrupted by cost overruns at America's last major nuclear project, is pursuing a turnaround and eyeing an eventual IPO. The manufacturer of a U.S. flagship reactor is benefiting from rising demand for reliable electrification and nuclear power trends, Jennifer Hiller reports.