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US Treasury Secretary Bessant: The Iranian leadership has acknowledged that economic pressure is working, and the Trump administration will continue to cut off the economic lifeline supporting the Iranian regime until Tehran is isolated.
Canadian minister: The threats facing the Canadian auto industry are "real".
SpaceX (SPCX.O): Will build a new Starship launch site in southern Louisiana, USA.
On August 26th, according to the Wall Street Journal, Anthropic is expected to tell investors in its IPO filing that its potential revenue opportunities exceed $30 trillion, surpassing SpaceXs previous estimate of $28.5 trillion. Anthropic is showcasing the growth potential of AI through its "Total Potential Market" (TAM), assessing the full scale of work that its AI models will be able to accomplish in the future. SpaceX previously called its TAM "the largest actionable market in human history," with $26.5 trillion coming from AI opportunities. Anthropics second-quarter revenue exceeded $11.6 billion, more than doubling from the previous quarter. The companys IPO could raise up to $100 billion, targeting a valuation of approximately $2 trillion, higher than SpaceXs $1.77 trillion valuation at its IPO. The plans are still under discussion, with a listing expected as early as September or October.
Canadian minister: pledges to retaliate against any new U.S. tariffs targeting the auto industry.