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Real-time News
September 5th - According to the Financial Times, artificial intelligence company Anthropic is close to finalizing key roles for Morgan Stanley (MS.N) and Goldman Sachs (GS.N) in its initial public offering (IPO), with plans to release listing documents as early as next week. Sources familiar with the matter say Morgan Stanley is currently in the lead underwriters left-hand seat, responsible for IPO strategic advisory work; Goldman Sachs is expected to act as a price stabilizing agent, responsible for stabilizing trading in the early stages of the listing. Banks such as JPMorgan Chase (JPM.N), Citigroup (CN), and Barclays (BCS.N) are also expected to play significant roles in the deal. Anthropic is expected to list in New York in late September or early October, and this IPO will test investor demand for fast-growing AI companies.On September 5th, US President Trump signed a series of executive measures aimed at supporting American ranchers, including curbing the dominance of large meat processing companies in the industry and pushing for new beef labeling rules. Trump stated that the government will establish programs to help ranchers sell directly to consumers and reduce the US beef processing industrys reliance on the "Big Four" meat companies. He called this reform, which ranchers have been demanding for decades, and an important action by the government to support farmers and ranchers. Previously, the Trump administrations plan to increase beef imports to lower consumer prices sparked discontent among American ranchers. Trumps measures include requiring all imported beef to be labeled with its country of origin and urging Congress to push for permanent regulations. US Agriculture Secretary Brooke Rawlings had previously criticized the earlier beef import plan, calling it a "heavy blow" to ranchers, but she also stated that Trump is a leader who supports ranchers.According to the Financial Times, Anthropic is close to appointing Morgan Stanley (MS.N) and Goldman Sachs (GS.N) as the lead underwriters for its $200 billion IPO.The U.S. Supreme Court upheld the policy that allows party committees to obtain advertising at lower rates, a victory for Republicans.On September 5th, US President Trump called the more than six-month-long US-Iran conflict "insignificant" and said he would not describe it as a major war. Trump stated on Friday that it was a "military conflict," but "not a big deal for us," and that there was no ongoing fighting between the two sides. Responding to Vice President Vances earlier statement that it "shouldnt be called a war," Trump said, "In many places, it is," and indicated that the US was currently only conducting intermittent strikes. Trump again compared the 18 US military personnel killed in the conflict to the Vietnam War and the Afghanistan War, saying, "Losing even one person is too much," but those two wars resulted in tens of thousands of US military deaths. He also stated that the US had achieved significant progress on the Iran issue. Polls show that the American public has a low approval rating for Trumps handling of the Iran conflict. The conflict has pushed up energy prices, putting pressure on Republicans to maintain control of Congress in the November midterm elections. Previous comments by Trump administration officials downplaying the impact of the conflict have also drawn criticism from Democrats.
