(Bloomberg) -- Success in the midterm elections for the Republicans and the Texas gubernatorial contest would set up stocks for a further rally, according to Bank of America Corp. strategists.
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#Startup #republicans #bank #selena

(Bloomberg) -- China's credit expansion held up better than expected in July, but weak borrowing demand among households and businesses pushed loans into a worse-than-forecast contraction.
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#selena #gomez #accused

(Bloomberg) -- Chinese tech firms' early earnings are giving hardware stocks renewed momentum, while internet platforms still struggle to show a full consumer‑demand recovery.
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#gomez #accused #Health #investors

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As Anthropic preps for its initial public offering, there's a math puzzle not even its ultrafrontier models can solve: What's the right price?
Not just the price of its eventual IPO (though that's certainly top of mind these days), but also the price of using its suite of high-powered artificial intelligence tools. On Thursday, Bloomberg reported that Anthropic is in talks to pay $6 billion for startup Decart, which makes software that improves chip efficiency, reducing the cost of training and running AI. It's a big sign that it's reading the room on cheaper open-source models.
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READ ALSO: Growth at Fast Food Joints Like Wendy's Looks Soggy Next to Casual-Dining Chains and Ackman's Pershing Touts Value Investing Amid Bid to Stir Demand for Funds

#anthropic

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Back to Pershing Square one? It's been a busy year for Bill Ackman. In addition to listing his alternative ****** et manager Pershing Square and its new stock-picking fund Pershing Square USA, he abandoned a $1.5 billion position in Universal Music after the company said no to a $65 billion takeover.
On Thursday, he revealed one of the biggest shakeups at those funds in years, writing that Pershing took on six new holdings in the second quarter: Netflix, Mastercard and Visa, eye care firm Alcon, exchange operator Intercontinental, and financial data provider S&P Global. You can expect to hear a lot about it.
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READ ALSO: Anthropic's $6 Billion Deal Talks With Decart Show Focus on Cost Efficiency and Growth at Fast Food Joints Like Wendy's Looks Soggy Next to Casual-Dining Chains

#cost

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There's only one place you can sit in a booth surrounded by Egyptian columns, European-style frescos, and fiery blown-glass light fixtures that resemble the Eye of Sauron and scarf down a slice of "Reese's Peanut ***** er Chocolate Cake Cheesecake." That's Cheesecake Factory of course, which, along with other kitsch dine-in chains, is having a moment as diners ditch fast food for sit-down experiences they can't have at home (or so one hopes).
Chains including Cheesecake Factory, BJ's, IHOP and Chili's have seen sales and foot traffic climb alongside their shares, while fast-food companies like Wendy's are struggling to keep sales warm.
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READ ALSO: Anthropic's $6 Billion Deal Talks With Decart Show Focus on Cost Efficiency and Ackman's Pershing Touts Value Investing Amid Bid to Stir Demand for Funds

#fast

(Bloomberg) -- OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company's plans for a Wall Street debut.
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#bloomberg #billion #openai #decart

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Anthropic is holding discussions regarding a potential acquisition of artificial intelligence startup Decart AI for approximately $6 billion.
The potential deal would be Anthropic's largest acquisition to date and would boost the company's existing computing infrastructure, allowing it to handle greater demand, sources familiar with the matter told Bloomberg.
The Decart team would join Anthropic's inference and performance organization, though sources cautioned that the deal is not finalized and could be subject to change or ultimately fall through.
Read Also:Anthropic Could Reportedly Target $2 Trillion Valuation in October IPO—Jim Cramer Dismisses 'Out of Hand' Bubble Fears Amid Revenue Potential

#deal #benzinga #bloomberg

(Bloomberg) -- Applied Materials Inc. delivered an estimate-beating forecast that still got a lukewarm reaction from investors, a sign of the lofty hopes surrounding a company that's key to the AI boom.
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#materials

(Bloomberg) -- Workday Inc. shares jumped after a Reuters report that private equity firm Silver Lake is in talks to purchase the software provider.
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#silver #lake #decart

(Bloomberg) -- America's ambassador to the European Union said Brussels needs to relax corporate rules designed to protect the environment and human rights, linking the US's demands to a trade agreement struck last year.
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#european