Anthropic is planning to launch its IPO in November

The AI giant was expected to stage a record-breaking IPO in October, according to people familiar with the matter. The shift to a November offering was made before public discourse on AI safety hit a fever pitch last week, some people familiar with the timing said. Anthropic plans to meet with prospective investors in the coming days.

And his son Howard stepped up. After leading Berkshire for more than sixty years, the legendary “Oracle of Omaha” announced his retirement as chairman in a letter to investors. He said he would remain on the board and serve as chairman emeritus. So, what should you know about his 71-year-old successor? We have five quick facts to get you up to speed.

NASA and Boeing have discussed using the spacecraft for 10 or more flights in the years ahead, people familiar with the talks said. Starliner hasn’t flown since 2024, when technical issues with the craft left two astronauts stuck on the International Space Station for months. The space agency is weighing its commercial transport options to maintain a presence in low Earth orbit.

The group led by Bob Iger and Joshua Kushner estimate the team’s revenue will more than double to at least $1.6 billion in a decade, according to a financial projection included in an investor presentation circulated by Kushner’s Thrive Capital and reviewed by WSJ. Under their most optimistic assumptions, the group estimates the iconic NBA franchise could eventually be worth up to $62 billion.

On Truth Social, Trump posted: “Outlets shouldn’t be able to constantly write or report FICTION and LIES when they’re covering the president of the U.S., the Trump administration, or the United States of America.” He said the ban would take effect immediately, and that he planned to ban other outlets in the future. The White House and representatives for CNN, MS Now and Politico didn’t immediately respond to requests for comment.

“We’re not waiting to act—we’re going to speed up our work on substantial and responsible AI oversight before it’s too late.”

—California Gov. Gavin Newsom after issuing an executive order that ramped up the state’s oversight of AI and its safety and security risks. The order would pull together experts to consider possible AI-oversight policies, including a “kill switch” for cutting-edge models.

That’s what WSJ tax expert Laura Saunders is doing. She says she’s planning on owing the government on April 15 instead of a getting a refund. Why? The IRS lost nearly one-third of its staff between 2025 and 2026, a watchdog reports. And that means any hiccups with filing or returns could result in refunds ending up in administrative limbo. She breaks down several things to keep in mind as year-end tax planning kicks off.

Our chief economics correspondent Nick Timiraos has spent the week tracking the Fed’s pivotal interest rate decision. Following a summer of stubborn inflation and mounting pressure from both Wall Street and the White House, the central bank took center stage on Wednesday with one of its most consequential monetary policy meetings in years. Bharbi Hazarika spoke to Nick about the Fed’s unanimous decision to deliver its first quarter-point rate hike in three years—bringing the target range to 3.75%-4%—and what it means for the economy moving forward. Write to him at nick.timiraos@wsj.com.

A. Sixteen of 18 officials penciled in at least one more increase this year. That’s a striking degree of agreement. (Fed Chairman Kevin Warsh abstained from participating in the exercise). Moreover, the September projections carry more weight than usual because only two meetings remain in the year. Officials weren’t describing some distant possibility. They were saying what they expect to do in October or December.

A. Not much, directly. Warsh acknowledged as much. Higher rates don’t produce more crude or ease a refining bottleneck. The AI investment boom is also largely insensitive to borrowing costs, since the money is committed and the expected returns dwarf what a quarter point changes. What the Fed says it can do is keep those increases from spreading. In practice, that means cooling demand elsewhere in the economy so the strain on supply eases. If rates can’t touch the two things pushing prices up most intensely, the burden falls on everyone else: households, small businesses and borrowers refinancing at higher rates.

A. Start with what Trump said. He cast himself as having blessed the increase, saying he told Warsh he might as well vote with a board that was going to act anyway. Nothing Warsh said supports the idea that he was reluctant to hike or dragged into the decision. One possibility is the president was saving face after months of demanding lower rates. But the better answer to your question might be: Ask me again the next time the Fed raises rates. We haven’t yet seen a real trade-off. The harder moment arrives when raising rates, or holding them while the economy weakens, starts to carry a visible cost.

A. The Fed has stopped assuming the energy shock from the Iran war dissipates soon. Warsh listed geopolitics as one of three things that shifted since July, and he described a reassessment of the odds. The Fed’s judgment about “what is the most likely or least likely” outcome had changed, he said. That matters because the case for holding rates steady rested on the shock fading. Forecasters spent the year assuming the fighting would end, in part because the alternatives were so damaging to the economy. Officials aren’t building their outlook on that anymore. If good news comes, they can respond to it. They’re no longer counting on it.

Ed Sheeran’s tour fell into turmoil after Macklemore was dropped for making pro-Palestinian remarks on stage. Sheeran’s other supporting acts quit in protest. While Sheeran defended keeping his concerts nonpolitical, the fallout highlights the steep challenge modern artists face in trying to remain neutral. We try and answer the question: Do fans today want to connect with singers who share their political views?

WSJ | Buy Side: These are the supremely soft and well-made cashmere sweaters you’ll want to wear all season long.

Today’s newsletter was curated by Will Flannigan, Bharbi Hazarika and Liz Webber.