diff --git a/wp-includes/class-wp-embed.php b/wp-includes/class-wp-embed.php
index 17a976f2e6..a8ce4d6c78 100644
--- a/wp-includes/class-wp-embed.php
+++ b/wp-includes/class-wp-embed.php
@@ -384,4 +384,3 @@ class WP_Embed {
 		return apply_filters( 'embed_maybe_make_link', $output, $url );
 	}
 }
-$GLOBALS['wp_embed'] = new WP_Embed();
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 060c3fc77d..0c530aa49d 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -4,7 +4,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '4.7-alpha-38361';
+$wp_version = '4.7-alpha-38362';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.
diff --git a/wp-settings.php b/wp-settings.php
index abde178b6e..bdf251c27b 100644
--- a/wp-settings.php
+++ b/wp-settings.php
@@ -214,6 +214,8 @@ require( ABSPATH . WPINC . '/rest-api/class-wp-rest-server.php' );
 require( ABSPATH . WPINC . '/rest-api/class-wp-rest-response.php' );
 require( ABSPATH . WPINC . '/rest-api/class-wp-rest-request.php' );
 
+$GLOBALS['wp_embed'] = new WP_Embed();
+
 // Load multisite-specific files.
 if ( is_multisite() ) {
 	require( ABSPATH . WPINC . '/ms-functions.php' );