Luke Vargas on WSJ What’s News
Anthropic’s quarterly revenue rose 45% to nearly $17 billion. The maker of Claude is preparing for a possible public debut as soon as next month, while investors expect its annualized revenue to exceed $110 billion by year-end.Luke Vargas on WSJ What’s News
Israel’s military is expanding its presence in Gaza less than two weeks before elections, as Prime Minister Benjamin Netanyahu faces a difficult contest and rejects President Trump’s peace plan. Israel now controls around 70% of the enclave and has more than 30 outposts, including nine built since an October 2025 ceasefire.Luke Vargas on WSJ What’s News
Tech stocks were headed for another selloff after hotter-than-expected inflation raised expectations that the Federal Reserve could raise interest rates. CoreWeave, Nvidia and Micron fell in off-hours trading, South Korea’s tech-heavy index dropped 7%, and European AI stocks declined.Luke Vargas on WSJ What’s News
The Trump administration is investigating Minnesota Democratic Representative Ilhan Omar in a case that could seek to strip her US citizenship and deport her. Federal agents searched her DC home and seized devices and documents, while Omar says she committed no immigration fraud and her office accuses President Trump of targeting her progressive voice.Luke Vargas on WSJ What’s News
More than 50,000 drivers have joined the newly certified California Gig Workers Union amid stagnant pay, autonomous-taxi competition and rising vehicle costs. Uber and Lyft have not opposed it, partly because drivers remain independent contractors rather than employees, but the union has no formal leadership or list of demands.Luke Vargas on WSJ What’s News
Taiwan Semiconductor Manufacturing, the world’s largest contract chip maker, reported record quarterly net profit of just under $24 billion, up 69% from a year earlier. The result exceeded analyst expectations and marked the company’s sixth consecutive record-earnings quarter.Margot Patrick on WSJ What’s News
UBS, Switzerland’s last remaining flagship global bank, is considering contingency plans to leave the country after Switzerland proposed higher capital requirements. UBS has operated there since 1862, while the Swiss finance minister says leaving would probably cost the bank more than staying.Luke Vargas on WSJ What’s News
India’s Jio platforms is planning an initial public offering that could raise more than $3 billion and value the telecom company at $108 billion. The listing could become India’s largest ever as the country’s benchmark Sensex remains among Asia’s worst-performing markets this year.Luke Vargas on WSJ What’s News
New White House Press Secretary Katie Zacharia has not passed a US bar exam despite publicly calling herself a lawyer and being described as an attorney by President Trump. Zacharia linked her legal work to moving to China, while a White House official said she was not hired to handle legal matters.