10-2
Anthropic targets mid-November IPO at valuation topping $2 trillion
AI company Anthropic is planning an initial public offering in mid-November that could value it at more than $2 trillion. In its prospectus, the company said it expects to commit $518 billion in coming years to cloud, computing and infrastructure obligations. It reported 2025 revenue of nearly $4.6 billion, up 12-fold from the prior year, alongside an operating loss of more than $8 billion and a net loss of $42 billion.
10-2
10-1
Eli Lilly’s retatrutide cut nearly 30 pounds on the lowest 4 mg weekly dose in Phase 3 trial
Eli Lilly’s triple-receptor agonist retatrutide (GLP-1/GIP/glucagon) delivered substantial weight loss in the Phase 3 Triumph-4 trial. Patients on the lowest 4 mg once-weekly dose lost an average of 29.8 pounds (12.7%), while those on the highest dose lost 49.6 pounds (20.8%). The company expects to submit the drug to the U.S. FDA for approval early next year, positioning it as the first therapy in its class to target all three metabolic receptors.
10-1
9-24
McDonald’s rolls out new menu tests to challenge Starbucks and Chipotle
McDonald’s plans to introduce several new menu items, positioning them directly against rivals such as Starbucks and Chipotle. The company said roughly 30 million Americans are using GLP-1 drugs such as Ozempic. McDonald’s also said it will provide about $8.5 billion in support to franchisees through 2036 to modernize restaurants and advance its global growth strategy. Franchisees are expected to invest an additional roughly $800,000 to carry out the plan.
9-24
9-22
Disney lifts U.S. park attendance 3% with $59 Disneyland evening tickets and targeted deals as Universal and SeaWorld see softer traffic
Disney is using targeted promotions—including a limited-time $59 evening ticket at Disneyland, resident specials and free-dining offers—to spur demand. In the company’s most recent quarter, attendance at its domestic theme parks rose 3% year over year, the biggest increase since 2023. Domestic per-capita guest spending also increased 4% from a year earlier, suggesting the lower-priced options did not dilute spending per visitor. By contrast, Universal and SeaWorld have reported weaker attendance trends over the same period.
9-22
9-18
Tyson, eight pork producers agree to pay $117M to settle price-fixing class action
Tyson Foods and eight major pork processors agreed to pay $117 million to settle a class action. The lawsuit alleged the companies exchanged competitively sensitive information through Agri Stats to coordinate pork prices and supply, in violation of antitrust law. Tyson will pay the largest share, $85 million. The settlement covers consumers who indirectly bought pork products between 2014 and 2018, and all defendants deny wrongdoing.
9-18
9-11
Dow rises 390 points as Brent crude slips 3% to $104.42 and inflation data steadies markets
U.S. stocks rebounded on Friday, with the Dow up 390 points while the Nasdaq and S&P 500 rose 1% and 0.9%, respectively, putting the S&P 500 on track to end a four-day losing streak. Oil prices pulled back, easing inflation concerns, as Brent crude fell 3% to $104.42. U.S. consumer prices rose 3.4% from a year earlier in March, in line with expectations, helping calm nerves about further Federal Reserve rate increases.
9-11