Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

Investor's Business Daily

Dow Jones Futures Rise, Oil Pops, Oracle Dives; SpaceX IPO On Launch Pad - Investor's Business Daily

Anthropic is backtracking on a policy that would have covertly limited competitors from using its new AI model, Claude Fable 5, to develop other AI models. The company changed course after the move r… [+3209 chars]

The company changed course after researchers spoke out against the policy, which would have covertly limited Claude’s ability to develop competing AI models.

Wired

Anthropic Walks Back Policy That Could Have ‘Sabotaged’ AI Researchers Using Claude - WIRED

Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.
It's not often a president cheers a three-year high in the inflation rate, but this is where… [+3982 chars]

U.S. inflation reached a three-year high of 4.2%, with Trump arguing that ending the war will resolve both the conflict and rising prices.

CNBC

CNBC Daily Open: Trump expresses 'love' for inflation print and anger at Iran - CNBC

SAN FRANCISCO (AP) Betting that people will soon grow more comfortable having artificial intelligence agents shop for groceries, plane tickets or diapers on their behalf, payments giant Visa said Wed… [+5000 chars]

Visa is embedding its payment network into ChatGPT, allowing the chatbot to shop and complete transactions for users. This collaboration enables ChatGPT to make purchases at any merchant accepting Visa, unlike previous attempts limited to specific retailers. …

Associated Press

Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users - AP News

Dario Amodei says he's not trying to be a "prophet of doom" about AI and jobs, but the Anthropic CEO is warning that mass displacement may not be a temporary growing pain of the technology it may be … [+2672 chars]

Anthropic CEO Dario Amodei warns AI could cause long-term job loss, urging policies like universal basic income to mitigate its impact.

Business Insider

Anthropic's Amodei suggests universal basic income could offset 'intrinsic' AI-related job losses - Business Insider

Oracleshares were sliding in late trading on Wednesday after the company reported mixed earnings results for its fiscal fourth quarter. Weakness in the companys software results may be feeding into t… [+135 chars]

Oracle’s cloud unit remains a standout, but the news isn’t as good for its software business.

Barron's

Oracle Reports Earnings Amid a Rapid Cloud Transformation - Barron's

NEW YORK (AP) Another sell-off for artificial-intelligence stocks helped drag the U.S. market sharply lower Wednesday, as Wall Streets former superstars continue to face heavy scrutiny for their succ… [+4493 chars]

Another sell-off for artificial-intelligence stocks dragged the U.S. market sharply lower. The S&P 500 dropped 1.6% Wednesday for its first back-to-back drop in three weeks and is back to where it was in early May. The Dow Jones Industrial Average tumbled 953…

Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago - AP News

Wing, the Alphabet-owned company that delivers groceries and even coffee using autonomous drones, is pushing into seven more U.S. cities through its partnership with Walmart.
The expansion is part o… [+1339 chars]

Wing is expanding into seven more U.S. cities through its partnership with Walmart.

TechCrunch

Wing drone delivery might not be a novelty anymore - TechCrunch

NOMINATION SENT TO THE SENATE:
Brian Johnson, of Ohio, to be Director, Bureau of Consumer Financial Protection for a term of five years.

NOMINATION SENT TO THE SENATE:  Brian Johnson, of Ohio, to be Director, Bureau of Consumer Financial Protection for a term of five years.

Whitehouse.gov

Nomination Sent to the Senate - The White House (.gov)

The Wall Street Journal

Exclusive | Government Sells Trump’s Former Washington, D.C., Hotel - WSJ

We are publishing our proposal for how governments should address catastrophic risks from the most powerful AI models, including granting them the legal authority to block or deter dangerous deployme… [+6545 chars]

We are sharing two policy proposals to prepare for AI progress: Our Advanced AI Framework and our Economic Policy Framework.

Anthropic.com

Policy on the AI Exponential - Anthropic

Anna Watts, a 33-year-old public relations manager in New York, has stashed away $6,500 to buy SpaceX stock after it hits the market Friday. If she had her way, shed buy even more. She tried to borro… [+531 chars]

Anna Watts, a 33-year-old public relations manager in New York, has stashed away $6,500 to buy SpaceX stock after it hits the market Friday. If she had her way, she’d buy even more. She tried to borrow $5,000 from her best friend and applied for a bank loan, …

Bloomberg

Musk Stock Fans Say ‘The More, The Better’ in SpaceX IPO Frenzy - Bloomberg

In the early days of the Iran war, analysts held the grim prediction that crude oil prices would top $200 a barrel, nearly  triple pre-war prices. But more than three months into the conflict, their … [+3666 chars]

As the Strait of Hormuz remains closed for the fourth month, “one development stands out: prices have become remarkably calm,” JPMorgan analysts said.

Fortune

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer - Fortune

TL;DR
SpaceXs IPO is expected to create over 4,000 new millionaires, from engineers to cafeteria workers. Pricing is set for Wednesday at $135/share, with a $1.8 trillion Nasdaq listing on Thursday.… [+3737 chars]

More than 4,000 current and former SpaceX employees are expected to become millionaires when the company begins trading on Nasdaq this week, according to an analysis by Hill.com. Of those, approximately 400 are projected to hold stakes worth $100 million or m…

The Next Web

SpaceX IPO to mint 4,000 millionaires, cooks included - The Next Web

The Justice Department has sent far-ranging subpoenas to several of Americas largest banks including JPMorgan ChaseJPM-1.14%decrease; down pointing triangle
and Bank of AmericaBAC0.22%increase; up p… [+565 chars]

The U.S. Attorney’s Office in D.C. subpoenaed JPMorgan, Bank of America and others as part of a probe into alleged debanking

Exclusive | Jeanine Pirro’s Prosecutors Probe Big Banks for Alleged ‘Debanking’ - WSJ

<ul><li></li><li></li><li></li></ul>
A slew of viral clips show college graduates booing commencement speakers who mention AI.
A slew of viral clips show college graduates booing commencement speak… [+4377 chars]

A slew of viral clips show college graduates booing commencement speakers who mention AI.

The Verge

Microsoft, like, totally gets why students are booing AI-pilled graduation speakers - The Verge

Honda is recalling 880,514 vehicles because the rear suspension components could fail, putting passengers at risk of injury or a crash, federal regulators said in a recall notice.
The recall affects… [+1272 chars]

The recall affects certain Honda Pilot, Ridgeline, Passport, and Acura MDX vehicles sold in 23 states and the District of Columbia.

CBS News

Honda recalls more than 880,000 vehicles for suspension issue that could cause crashes - CBS News

If youve ever smuggled a handful of sunscreen into your luggage from Europe or Asia (raises hand), theres good news for you: Sunscreens here in the U.S. are now one step closer to being as good as wh… [+1249 chars]

After more than 25 years, the FDA approved a new filter that was already cleared overseas — and is in some of our favorite sunscreen formulas.