Major corporate developments dominate business news as Anthropic files for blockbuster IPO, Barry Diller pursues MGM Resorts takeover, and oil prices surge amid U.S.-Iran tensions.
Key Points
Anthropic confidentially filed for what could be the largest IPO ever, following SpaceX's recent IPO announcement and ahead of expected OpenAI filing, signaling major consolidation in the AI sector.
Barry Diller's People Inc. is preparing a takeover bid for MGM Resorts at an $18 billion valuation, seeking to acquire the portion of the casino giant it doesn't already own.
Oil prices jumped 7% to above $97 per barrel as Iran reportedly suspended talks with the U.S. and closed the Strait of Hormuz in response to Middle East tensions, with U.S. military quietly guiding 70 commercial ships through the strait.
Scott Pelley accused CBS News leadership of 'murdering' '60 Minutes' during a staff meeting, blasting editor-in-chief Bari Weiss and new executive producer Nick Bilton over editorial decisions.
Chinese military procurement records show the People's Liberation Army has openly attempted to acquire restricted Nvidia chips for years, revealing significant U.S. technology security concerns.
GE Appliances is bringing factory jobs back to the U.S., but tariffs are complicating onshoring efforts and threatening the manufacturing revival promised by the administration.
Growing demand for premium craft flour and fiber-rich grains is boosting the niche flour industry, with prices significantly higher than conventional grocery store brands.
Norse Atlantic Airways faces multiple FTC complaints and claims that customers lost thousands of dollars due to issues with its tech-first customer service operation and cheap ticket offerings.
YouTube-generated horror films 'Backrooms' and 'Obsession' achieved box-office success over the weekend, signaling a possible shift in Hollywood's filmmaking model toward platform-generated content.
Microsoft's stock broke above its 200-day moving average, flashing a bullish signal for a software sector comeback as stocks shake off AI-related concerns.