
Anthropic IPO Slips to Mid-November on Valuation Rift
Anthropic's IPO is slipping to mid-November, with a public filing due Oct. 26, as some investors press for a $1.5 trillion valuation, not $2 trillion.
Daily Digest
Daily Digest

Anthropic's IPO is slipping to mid-November, with a public filing due Oct. 26, as some investors press for a $1.5 trillion valuation, not $2 trillion.

They Said Buy tracks stock calls from YouTube creators, pairing exact quotes and links to the precise video moment with what happened to the share price afterward. Revisit the original statement, see the outcome, and put memorable predictions in context.

Dollar Index (DXY) slid as 10-year yields eased to 5.12% and oil fell, though Iran denied a deal.

Hasbro (HAS) shares jumped 11% after Q3 2026 results beat forecasts, with record Magic: The Gathering sales, a raised outlook and a doubled buyback target.
ByteDance, Alibaba and Tencent want 3 million Nvidia (NVDA) cards, yet only 5–10% may be filled.
Western Digital (WDC) rose 6.09% as the chip index snapped an eight-day slide before Thursday's earnings.
4:01The textbook story says barter came first, then commodity money, then credit. The archaeological record tells a different story. A short walkthrough of how Mesopotamia, Egypt, and early China ran sophisticated debt-based economies thousands of years before coins existed - and why money, at its core, is information about who owes what to whom, not the physical token in your hand.
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Northrop Grumman shares rose about 7% after a Q3 2026 profit beat, a raised EPS outlook of $29.35-$29.75 and a record $110 billion backlog. B-21 drove growth.

Anthropic's draft filing shows $16.3B of first-half sales, but some investors want a $1.5T value, not $2T.

Arda Industries, founded by ex-OpenAI research chief Bob McGrew, emerged from stealth with $232M to build automated robotic assembly lines for US manufacturing.

Qualcomm will cut jobs worldwide after its annual reviews, with notices starting in November, as handset demand softens and the chipmaker shifts toward AI data centers.

OpenAI acquired Orchestra Bio, a four-year-old startup whose AI agents run drug-discovery operations. It had raised about $20M from a16z, Atria and 8VC.

Albert Invent raised a $55M Series B from Coatue, TCV and J.P. Morgan, among others, for a chemistry-focused AI operating system for R&D.
4:54If a government can print money, why doesn't it just print enough to pay off every debt and end every shortage? A short walkthrough of why scarcity is the load-bearing feature of every functioning currency, how all three jobs of money break the moment supply goes infinite, and why hyperinflations from Weimar to Zimbabwe to Venezuela all follow the same script - deficit, printing, inflation, confidence collapse, abandonment.

Stablecoin and fiat accounts startup Mural raised a $15M Series A led by Tether, bringing its total funding to $28M.

German warm-chain logistics tech company Cellbox Solutions completed the final closing of its €5M Series A.

UnitedHealth (UNH) now expects at least $20.50 in 2026 profit per share as medical costs and Optum improve

Eli Lilly (LLY) shares hit a record near $1,311 after Goldman raised its target to $1,413, a day after BofA, ahead of its Oct. 29 third-quarter report.

Eli Lilly (LLY) jumped 4.7% to a record as the Dow closed near 52,514, the Nasdaq stayed flat and oil fell.

Elice fell 32% on its KOSDAQ debut, the worst for a Korean IPO above $100M, and the rout pulled CoreWeave and Nebius lower as AI stocks reassessed risk.
4:42Governments declare what counts as legal tender. Markets decide what counts as money. Most of the time the two overlap so neatly we forget they're separate - and then a hyperinflation hits and the gap becomes the only thing that matters. A short walkthrough of why legal tender laws only force acceptance for debts, why governments can't legislate something into being money, and why functional currency requires both legal force and voluntary trust.

Gold slid to about $4,120 an ounce as Brent near $110 stoked inflation fears and rate-path doubts, while Bitcoin held near $81K, down $29K on the year.

Swiss biotech Nouscom raised a €120M Series D for its cancer-prevention immunotherapy for Lynch syndrome.
Equifax (EFX) beat profit forecasts at $2.26 a share, easing fears about a slump in mortgage-credit demand.
3M (MMM) lifted its 2026 profit outlook to $9.10–$9.15 a share and widened its data-center deal with Amazon.

Nvidia shares rose about 1.4% after Jensen Huang said AI chip orders still exceed supply, even as the stock trades at its cheapest valuation in seven years.

Steel Dynamics (STLD) shares pared a 5.8% premarket slide as profit of $5.26 a share missed forecasts.

Industrial output rose 0.7% in September and manufacturing capacity use hit 75.9%, the highest since early 2024, lifting S&P 500 futures.

Northrop Grumman (NOC) lifted its 2026 profit outlook and reported a record $110B order backlog.

Intel shares rose about 2.4% to near $92 after JPMorgan upgraded the chipmaker to Neutral, as Mizuho and BNP Paribas lifted price targets on AI server demand.

Kapital acquired the AI startup Woz for $30M to strengthen its banking platform.
5:10When economists say 'the money supply', they don't mean one number - they mean a stack of them. M0, M1, M2: each layer captures money at a different distance from immediate spending, and each behaves differently in a crisis. A short walkthrough of what these categories actually contain, why central banks can directly control some and only nudge others, and why M2 is the number inflation is measured against.

Brent crude holds near $110 as Washington sends a third aircraft carrier to the Middle East, Hormuz traffic falls about 70% and Iran talks remain unscheduled.
Brent (BZ=F) neared a five-month high of $111 after Iran's Guards flagged seven Hormuz data cables as targets.
BHP (BHP:ASX) closed at A$59.19 as Chile mine disruptions cut output 19% and ASX materials fell 1.2%.

Apple (AAPL) fell about 1% premarket on Oct. 20 after Loop Capital cut it to Hold, blaming weak iPhone demand for a roughly 13M-unit shipment cut.

3M issued Amazon a warrant for up to 3.16M shares at $164.89, vesting with $6B of data-center purchases, lifting MMM about 5.5% in overnight trading.
4:11The same dollar can buy ten different things in a year - or sit in an account doing nothing. The difference is velocity, and it's the missing variable that explains why printing money sometimes causes inflation and sometimes doesn't. A short walkthrough of the equation MV = PQ, why a dollar changes hands four-to-ten times a year in healthy economies, why velocity crashes during recessions, and what the wild swings of 2020–2021 actually showed us.

Boomi agreed to buy the data-observability startup Elementary Data for more than $40M.

The FTSE 100 (UKX) slipped as UK unemployment fell to 4.7% but total pay growth cooled to 3.7%

The Philadelphia semiconductor index fell eight sessions straight, its longest losing run since 2008, before rebounding on Monday as Micron regained $1 trillion.
Citi estimates about A$25M of NextDC (NXT) FY27 earnings is at risk as power work to its M3 site stalls

NextDC shares are halted while the ASX 200 data-centre operator updates the market on a power delay at its 225MW M3 Melbourne site and FY27 guidance risk.
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