AI-generated summary
AI company Anthropic has confidentially submitted a draft S-1 filing to the SEC, signaling a potential IPO later this year. The company has not yet set a price or share count for the offering.
President Trump plans to impose a 100% tariff on imported generic drugs from August 2028, rising to 200% after a year, aiming to reshore U.S. pharmaceutical production, with experts warning of potential price increases and shortages.
Eligible Amazon Prime subscribers in the U.S. must file a claim by the approaching deadline to receive a portion of a $2.5 billion settlement over allegations of unintentional enrollments and difficult cancellations.
Attacks on tankers and other vessels in the Strait of Hormuz, the Red Sea and the Black Sea are disrupting shipping and tightening oil markets. Brent crude has topped $100 as traders weigh the risk of further escalation.
Tesla shares fell 18% and SpaceX stock dropped 7.2% in a rough week for Elon Musk, erasing about $130 billion of his wealth. Tesla’s decline followed weaker-than-expected earnings, while SpaceX prepared for another Starship test flight.
Paramount Skydance has agreed to pause its Warner Bros. Discovery acquisition until a court rules on a multistate antitrust challenge or until June 1, 2027. The delay could cost the company about $7 million a day in fees if the deal does not close by Sept. 30.
The U.S. imposes new tariffs on 60 economies, citing failure to enforce bans on goods produced with forced labor, affecting nearly 99.4% of U.S. imports.
