Anthropic is expected to go public later this year at a valuation of about US$2 trillion, and could file with the SEC as early as this month. That would put it ahead of OpenAI, whose CEO has said the company plans to delay an IPO until 2027. OpenAI is also in talks with investors to raise a new funding round at a valuation of at least US$1.2 trillion.

A U.S. federal judge has made public a detailed remedies framework in Google’s ad tech antitrust case, though the specific terms have not yet been disclosed. Alphabet shares edged higher on Thursday, as investors’ initial reaction to the potential remedy appeared muted.

US equity funds posted a fourth straight week of outflows in the week to September 18, with net redemptions totaling $31.44 billion, little changed from $32 billion the prior week. Investors turned cautious as higher crude oil prices stoked inflation worries and expectations of a Federal Reserve rate hike built ahead of its policy decision. Largecap, midcap and multicap funds saw outflows of $28.71 billion, $1.73 billion and $3.16 billion, respectively.

Domestic gold prices in India rose ₹1,600 to ₹1,56,600 per 10 grams, while silver gained ₹5,000 to ₹2,47,000 per kilogram as softer crude oil prices eased near-term inflation worries. Spot gold increased $50.96 to $4,392.78 an ounce, and silver rose 3.10% to $67.21 an ounce on stronger investor demand. Global holdings in gold-backed ETFs have risen 1.44 million ounces year to date to 100.39 million ounces.

In the week through September 16, global equity funds saw net outflows of $23.21 billion, the largest in nine months. U.S. equity funds posted a fourth straight week of withdrawals, with $31.44 billion leaving. European equity funds recorded $295 million in net outflows, while Asian funds drew $6.26 billion in net inflows. Over the same period, global bond funds took in $855 million, their smallest weekly inflow since April.

India has raised the sugar stockholding limit for bulk consumers to 30 days from 15 days, but any additional stock must come from imported sugar under the Advance Authorisation Scheme or Tariff Rate Quota. Sugar bought from the open market remains capped at 15 days’ consumption. In August, retail sugar prices fell about 10% year on year to ₹58.50 per kg, while ex-mill prices dropped nearly 25%. The change is aimed at ensuring festive-season supply and keeping prices in check.

South Korea’s NH Investment & Securities has committed $30M in convertible note financing to XRP treasury firm Evernote. The funds are set to be provided after the SPAC merger is completed. Proceeds are earmarked for general corporate purposes, including purchases of $XRP.

U.S. diesel prices hit a record $6.29 per gallon this week, up 68% from a year earlier, pushing up farmers’ fuel and transport bills across the Midwest and California. Some producers say daily fuel costs for a combine have doubled to as much as $1,500. Freight costs are also rising, including a 40% to 120% year-on-year jump to move produce out of California, adding pressure to the food supply chain, according to Energy Information Administration data.