
Anthropic Nears $1T IPO as CEO Dines With Trump on AI Rules
Anthropic (pre-IPO) CEO Amodei sat down with Trump at the White House as a $965B October IPO looms.
Daily Digest
Daily Digest

Anthropic (pre-IPO) CEO Amodei sat down with Trump at the White House as a $965B October IPO looms.

Jefferies initiates a bearish call on Roblox, setting an $8 price target that implies roughly 18% further downside as advertiser budget cuts weigh on the gaming platform's monetization outlook.
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.

President Trump announced Mesabi Metallics' $15 billion Iowa steel mill - the largest domestic steel facility ever built - lifting Nucor and Cleveland-Cliffs shares sharply higher on Monday.
American Airlines (AAL), United (UAL) and Delta (DAL) crater on oil's 55% surge, with fares already 23% above year-ago levels.
Kodiak Sciences (KOD) scored two AMD endpoint wins in DAYBREAK Phase 3; 17% of the float was short.

Australia's Northern Star Resources (NESRF) unanimously rebuffed Gold Fields' A$38.7B takeover, calling it "highly opportunistic" and insufficient to reflect the company's standalone value.
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SpaceX Starship (private) reached orbit on Flight 14, deploying 26 V3 Starlinks at 10x Falcon 9 bandwidth.

Biossil (Canada) — Toronto-based startup that uses AI to repurpose failed drug candidates raised $153M led by OpenAI's Startup Fund, hitting unicorn status.

A sudden suspension of OpenAI's frontier model training rattled AI stocks Monday, pulling Arm Holdings, SanDisk, Oracle, Snowflake, and Intel each lower by more than 2% and renewing concerns over…

Refinyx (Sweden) — Critical battery materials recovery startup emerged from stealth after acquiring Northvolt's 134-patent recycling technology portfolio and pilot facility.

Project-S (Germany) — Munich-based space orbital safety and traffic management startup emerged from stealth with a multi-million-euro seed round backed by Uni.Fund and ESA programs.

Kodiak Sciences' DAYBREAK Phase 3 trial for Zenkuda hit every primary endpoint in wet AMD, sending KOD surging ~150% and triggering a massive short squeeze.

Boeing (BA) shares tumble 7% as FAA refuses to certify the 737 Max 10 over VNAV software flaw.
5:18Counterfeiting isn't just theft. It's a slow-motion attack on the unit of account itself - every fake bill that circulates makes every real one worth a little less. A short walkthrough of why authenticity is non-negotiable for money to work, the historical episodes where counterfeiting collapsed entire currencies, the layered defenses on a modern banknote, and why digital money may finally make counterfeiting mathematically impossible.

Boeing (BA) fell 7% after the FAA refused to certify the 737 Max 10 over a software glitch, with United and Southwest halting deliveries of affected jets.

Akamai (AKAM) wins its biggest contract ever: $11.6B cloud deal with Anthropic, including a 5% equity warrant.

People Inc shares jumped 11.3% on September 25 after the Wall Street Journal reported MGM Resorts International is weighing a bid for Barry Diller's holding company, reversing one of the year's…

Precision Neuroscience (USA) raised an oversubscribed $250M Series D to advance its brain-computer interface technology platform.

People Inc. (PPLI) rose 11.3% Friday as MGM Resorts reportedly weighs a bid for Diller's $2.7B media firm.
4:20Three monetary technologies are racing toward the same future at the same time: central bank digital currencies, stablecoins, and cryptocurrencies. Each one solves a different problem and creates a different set of trade-offs around control, privacy, and trust. A short walkthrough of what CBDCs actually do, why programmable money changes the rules of every economy that adopts it, and why the transition will take decades, not months.

Bessent confirms US-China trade truce extension to January 10, 2027 on Fox News, removing a key macro overhang for multinationals heading into Q4 2026.
MongoDB (MDB) plunges as Desai bolts for Meta the day before investor day; FY27 guidance of ~$3B reaffirmed
Gold (XAU) tumbled to $4,146 as 65% Fed-hike odds and 5.2% yields eclipsed Iran crisis demand.

Costco Wholesale beat fiscal Q4 estimates with EPS of $0.60 versus the $0.48 consensus, sending COST shares 3% higher and affirming its defensive premium as recession fears intensify across equity…

Costco (COST) posted $6.75 Q4 EPS, beating $6.54 consensus, but $0.15 of that beat came from tariff refunds.

Paramount Skydance (PSKY) jumped roughly 4% after launching a record $44.4 billion senior secured notes offering to fund its $110 billion acquisition of Warner Bros. Discovery (WBD).

Wonderful (Israel) secured a $550M investment, one of the largest Israeli enterprise AI rounds of the year.
An economy isn't a list of transactions - it's a circuit. Money moves in one direction, goods and services move in the other, and every paycheck, purchase, tax, and investment is a node in the loop. A short walkthrough of the circular flow model, why savings and investment create leaks and injections, and why understanding the diagram is the cleanest way to see why stimulus expands an economy and austerity shrinks it.

MongoDB's stock plunged more than 20% Monday after president and CEO CJ Desai resigned without notice to join Meta Platforms, blindsiding investors one day before the company's scheduled Investor Day.

Nvidia (NVDA) adds $150B to its repurchase plan, lifting the AI-funded total program to a record $235 billion.

Nvidia's board authorized a record $150 billion addition to its share repurchase program and unveiled an open AI agent containment platform on Monday, sending NVDA shares up roughly 2% to around $229.

S&P 500 (SPY) earnings are seen up 28.9% in Q3 as 30-year yields at 5.44% narrow the equity premium.

Bitcoin (BTC) ETFs added $134.5M Sept. 25 — day seven of a $2.98B inflow streak past the Bitget hack.

Credo Technology (CRDO) shares rose 7.4% after posting $479M in Q1 FY27 revenue as AI data center buildout fuels structural demand for its 1.6T ethernet connectivity chips ahead of Q2 earnings on…
When the stock market hits a record high while wages stagnate and factories sit idle, two economies are running at the same time. A short walkthrough of the difference between the real economy (wheat, haircuts, semiconductors) and the financial economy (claims on the future value of all of that), why they're linked but not identical, and why bubbles, crashes, and the entire 2008 crisis make more sense once you stop confusing the two.

Inevitable AI Group (Europe) raised €5.2M led by Aleph to build AI-native SaaS platforms for enterprise users.

Ten-year Treasury yields approach 6% as Mideast oil fears reignite inflation, dragging emerging market stocks to four consecutive sessions of losses.

Okta fell 5.5% on Monday as a broad cybersecurity sector selloff swept high-multiple software names despite a wave of analyst price-target hikes following the Oktane 2026 conference in Las Vegas.
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