Anthropic has said it would commit 5% of its shares to a public benefit fund, a stake that could be worth $100 billion when the firm goes public.

Based on the violent market reaction to Meta’s rising capital expenditures last week, the response to any disappointment likely won’t be forgiving.

Grain exports from Russia’s Black Sea port of Novorossiysk have been suspended after three major terminals were heavily damaged in a Ukrainian drone attack. A loading gallery at United Grain Co.’s Novorossiysk Grain Plant collapsed and several silos were damaged, while Demetra’s terminal also saw damage to its loading gallery and truck unloading facility, people familiar with the matter said. The KSK terminal was also hit. The disruption during the harvest season has raised supply concerns, helping Chicago wheat futures surge as much as 4% for the biggest intraday gain in three weeks.

Japan’s Topix stock index is set for its biggest overhaul, with analysts estimating that more than 600 companies—over a third of its constituents—could be phased out. The removals would apply to firms whose free-float market capitalization ranks in the bottom 3% of Tokyo Stock Exchange-listed companies in August, according to analysts’ estimates. The changes are scheduled to be implemented in stages over two years beginning in October. Passive funds tracking Topix are estimated to account for about $1 trillion, and the overhaul aims to reduce the index’s exposure to small and illiquid stocks.

Europe is facing one of its most severe wildfire seasons in recent years, with parts of France, Spain and Greece hit by major blazes and about 220,000 people evacuated in France. France’s total losses are estimated at €10 billion to €15 billion, with insured losses in the several-billion-euro range, according to credit ratings agency Morningstar DBRS. The scale of the damage is highlighting how climate-related catastrophes are straining traditional insurance systems, without pointing to any specific listed companies or tradable traditional assets.

Fanuc said orders in the June quarter jumped 37% year on year and it lifted its full-year operating profit forecast by about 3% to ¥218 billion ($1.4 billion), implying 19% growth. The guidance still fell short of the average analyst estimate for a 23% rise. Fanuc’s ADR (FANUY) dropped 19% during Tokyo trading, marking its biggest intraday decline since 1986, and the stock is down about 3% year to date.

Vietnamese police have uncovered the country’s largest diamond smuggling case, involving more than 30,000 diamonds valued at about $57 million. Investigators say the network sourced stones in India, routed them through Hong Kong, and brought them into Vietnam using concealed methods. The diamonds were then altered in local labs by changing GIA codes and issuing forged high-grade certificates to sell them at inflated prices. The scandal has shaken confidence in Ho Chi Minh City’s jewelry district, triggering a rush by consumers to sell certified diamonds and prompting dozens of shops to suspend operations.

Japan’s finance ministry and the U.S. Treasury have confirmed coordinated intervention to support the yen, with Japan suspected of deploying $58.97 billion in a single day to buy the currency. U.S. officials also signaled they could enter the market, and a photo showed Treasury Secretary Scott Bessent with a handwritten note reading, “Buy Japanese Yen (JPY) $5–10 bil.” Combined with the Bank of Japan’s June rate increase to a 31-year high of 1%, the steps provide tangible support for the yen. The move directly targets FX markets, with the yen and the dollar/yen pair at the center of the impact.

A handwritten note seen during the Camp David U.S.-Japan-South Korea summit indicated U.S. Treasury officials were considering buying $5 billion to $10 billion worth of Japanese yen. The photo was made public at 11:33 ET, and the dollar fell about 0.8% versus the yen over the next roughly 45 minutes, sliding from 158.9 to 157.6. The disclosure was described as the first U.S. signal of potential unilateral yen intervention since the 2011 G7 coordinated action, stoking expectations for a stronger yen.