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BREAKING NEWS
The breaking story everyone stopped for, explained
A fast, sourced explainer when one breaking story leads the news: what happened, then what it means.
Per the FT, Blackstone sees a post-IPO junk rating as likelier than investment grade, and Fitch, Moody's and S&P have not yet rated Anthropic. It is Blackstone's expectation, not a rating action.
In The Commanding Heights, Will Manidis and Joe Roberts argue that as frontier models become commodities, wealth goes to the positions AI must pass through.
The exchange says it will cover all losses from its SAFU fund and company funds. Withdrawals are temporarily suspended while security checks run.
The $65-a-share deal, at least 75% cash, is expected to close at the end of 2027 or in the first half of 2028.
Cyber defenders get access first this week. Google has not set a date for developers, businesses and consumers.
A research preview for trusted testers; access for Google AI Ultra subscribers and Gemini API partners is coming soon, with no price given.
Four details we did not expect: compute expense, founder lock-up terms, operating cash and a usage-policy revenue estimate.
Anthropic's S-1, accepted on EDGAR at 9:00 a.m. ET, shows revenue up 1,300% in the six months ended June 30, 2026, and an $80.7 billion net loss, mostly from fair-value changes on convertible notes.
Meta said at 6:58 a.m. ET it is selling $22.5 billion of Class A shares through forward sales and about $12.5 billion of mandatory convertible preferred, and plans a $60 billion Class C program.
With 100% of polling stations counted at 11:26 p.m. BRT, the TSE results file showed Lula with 51.79% of valid votes and Flávio Bolsonaro 48.21%. Bolsonaro later dropped an annulment bid and said he would ask the electoral court to revoke Lula's ticket, CNN Brasil and Folha de S.Paulo reported.
A June deal aimed to restore Hormuz shipping and lift the US blockade. The blockade is still enforced.