Anthropic has pushed back plans for an initial public offering, with marketing now expected to start in midOctober at the earliest. Some investors believe the company could be valued at about $2 trillion. It is also seeking to finalise a $15 billion revolving credit facility and is forecasting 2028 revenue of about $190 billion to $200 billion, versus a $47 billion revenue run rate disclosed in May.

Vice President JD Vance said U.S. military escort operations helped prevent a global energy crisis during the war with Iran. The six-month conflict pushed the national average diesel price to a record $5.85 per gallon, disrupting global fuel supplies and driving up crude oil prices. The United States also approved potential arms sales to Saudi Arabia, including $5 billion in Joint Direct Attack Munitions and related equipment and a separate $750 million package for tank engines and associated support.

Enbridge shares are trading near C$69, down from a 12-month high above C$80, lifting the dividend yield to 5.6%. The company has already sanctioned C$9 billion in growth projects in 2026 and is advancing a C$41 billion secured capital program. It has also announced a C$2.7 billion expansion of the Westcoast natural gas pipeline system in British Columbia and agreed to buy Permian Basin oil infrastructure assets for US$600 million.

Novartis said its experimental cardiovascular drug pelacarsen failed in a large clinical trial. The treatment had been widely viewed as a potential breakthrough for preventing heart attacks, strokes and cardiovascular deaths. The setback surprised cardiologists who had been expecting Lp(a)-targeting drugs to play a major role in prevention.

The Bloomberg Dollar Spot Index fell 0.7% for the week, though losses narrowed after strong US payrolls data on Friday lifted the implied odds of a September Fed rate hike to about 60%. The yen outperformed, rising about 2.4% against the dollar for its best week since July. Gains were driven by expectations that the Bank of Japan may raise its benchmark rate by a quarter point this month and keep the door open to faster hikes thereafter.

Campbell’s said it is cutting 13% of its salaried workforce and closing two snack plants as it seeks to improve operations and return to profitability. The company’s snacks volumes fell 6%, and it has implemented average price increases of 4% to 5% across about 60% of its portfolio, with benefits expected to begin flowing through in the second quarter. Campbell’s plans to generate about $500 million in cost savings by fiscal 2030. It forecast fiscal 2027 net sales to decline 2% to 4% and adjusted earnings per share of $1.65 to $1.80, below analysts’ estimates of $1.86.

Strong jobs data released on Sept. 4 showed higher labor force participation, with the unemployment rate steady at 4.1%. Markets raised the implied probability of a 25-basis-point Federal Reserve rate hike in September to 58.4% from 49.4%. The Dow Jones Industrial Average fell 272.51 points, or 0.51%, while trading volume totaled 13.14 billion shares, below the 20-day average.

Strategy Executive Chairman Michael Saylor said public advocacy for Bitcoin is protected speech under U.S. law and argued the asset should be treated as a commodity rather than a security. U.S. lawmakers are set for a September 15 procedural vote on the CLARITY Act, a step that would advance consideration but not finalize passage. Strategy also bought 4,603 BTC for about $369.7 million at an average price of $80,318, lifting its total holdings to 845,050 BTC.