S&P Dow Jones Indices said Twilio will be added to the S&P 500 before the market opens on Oct. 6, replacing Warner Bros. Discovery. The change is expected to prompt passive funds that track the index to rebalance their holdings accordingly.

Bitcoin hovered around $83,100, with the $85,000 level acting as a key resistance zone. On-chain data show wallets holding 10 to 10,000 BTC accumulated 41,025 BTC over the past 10 days, lifting combined holdings to 13.64 million BTC, or 67.93% of supply, a six-week high. The $82,000 support area is seen as critical to maintaining the current bullish setup, and a move above $85,000 could reopen $100,000 targets.

Gerry Cardinale, a Paramount board member and a chief architect of its merger with Warner Bros. Discovery, said most of the $6 billion in expected cost savings will not come from layoffs. Speaking at a Bloomberg conference, he said the bulk of the savings are expected to come from consolidating nonlabor costs such as real estate and other overhead. The $110 billion transaction is expected to close Tuesday after a lengthy legal fight and more than a year of negotiations.

Evernorth is set to debut on Nasdaq after shareholders of Armada Acquisition Corp. II approved the merger on Sept. 30. The company said on Oct. 1 that the merger and related private placements raised more than $1 billion. The launch of the XRPN token is being watched as a market test of an institutional treasury strategy that goes beyond Bitcoin.

AI startup Anthropic is preparing to launch an IPO ahead of Thanksgiving, targeting a valuation above $2 trillion, Bloomberg reported, citing people familiar with the matter. The company’s prospectus shows fiscal 2025 revenue of $4.6 billion, up more than 12times year over year, alongside an operating loss of more than $8 billion and a net loss of more than $42 billion. Anthropic also says it plans to spend $518 billion on AI infrastructure in the coming years.

Forward Industries said it added 948,601 Solana (SOL) during its fiscal fourth quarter ended Sept. 30, lifting its total to about 8.5 million SOL, up 13% from the prior quarter. The company said the additional SOL was bought at an average cost of $83 per coin, bringing its stake to roughly 1.4% of Solana’s circulating supply. On a fully diluted basis, SOL per share increased to 0.0806 from 0.0730 over the quarter.

Nike’s Q1 FY2027 performance deteriorated further, with China sales down 22% year over year and the Converse brand down 28%. Earnings per share came in 25% below expectations. Management is guiding for a high-single-digit decline in full-year revenue. The company is valued at 27x forward P/E, its dividend payout ratio has risen to 131%, and $2B of debt is nearing maturity.

Micron Technology’s fourth-quarter results topped market expectations. Revenue, earnings per share and gross margin all increased. The figures point to a rebound in demand for memory chips.