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Real-time News
S&P: The UAEs rating remains at AA/A-1+; outlook is stable.The Dow Jones Industrial Average closed down 272.51 points, or 0.51%, at 53,413.60 on Friday, September 4; the S&P 500 closed down 29.29 points, or 0.38%, at 7,718.42; and the Nasdaq Composite closed down 77.07 points, or 0.29%, at 26,506.99.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.
