A roundup of recent business, technology, and policy developments including semiconductor market growth, corporate funding, and government appointments.
Key facts
- •Palantir stock rose by 25%.
- •Anthropic entered into a $10 billion compute agreement with Volta Infrastructure.
- •Polymarket is pursuing a $20 billion valuation in its latest funding round.
- •The Senate panel advanced the nomination of Blanchard for the position of Attorney General.
- •The U.S. trade deficit widened as imports fell.
Recent market and policy updates include a potential deal regarding the Strait of Hormuz and a surge in semiconductor stocks. Additionally, the White House is hosting artificial intelligence firms for voluntary safety testing, while several major companies and government nominees make headlines.
By the numbers
Market and Corporate Developments
Semiconductor stocks have seen a surge in value, and Palantir shares jumped 25%. In the technology sector, Anthropic has signed a $10 billion compute deal with Volta Infrastructure. Meanwhile, Polymarket is seeking a $20 billion valuation in a new funding round, and SpaceX is preparing to report its first earnings following its initial public offering.
Government and Policy Updates
The U.S. government indicated that a deal regarding the Strait of Hormuz could be reached within days. In Washington, a Senate panel has advanced the nomination of Blanchard for Attorney General. The White House is currently hosting AI firms to conduct voluntary safety tests, and the Department of Justice is monitoring polling sites during the Michigan primary. Additionally, the U.S. trade deficit has widened as imports decreased, and Federal Reserve official Paulson stated he is keeping an open mind regarding the future path of interest rates.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Markets.
