Anthropic's $2 trillion IPO hinges on trustees with zero shares
The Claude maker's up to $2 trillion debut puts a board controlled by an outside trust with no equity at the center of its public-market test.

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The Claude maker's up to $2 trillion debut puts a board controlled by an outside trust with no equity at the center of its public-market test.
The AI chipmaker's aggressive investment strategy is reshaping competitive dynamics, but skeptics warn of overreach.
The 'Trump whisperer' keeps his White House and Beijing access as Apple navigates tariffs and a $4.6 trillion market cap.
The package, anchored by $55 million in equity, shows how Apple's board is betting on continuity as Tim Cook steps aside.
The White House disclosed a 100-year lease giving a private firm 17 Venezuelan oilfields with 65 billion barrels, while the US takes a 35% equity stake and 20% of output.
The federal government's majority stake in a new joint venture makes it the world's second-largest holder of proven oil reserves, reshaping Washington's role in energy.
Big IPO, bigger options debut: what it means for investors, risk teams, and anyone benchmarking market appetite.