Copper prices inched higher on Friday and were on track for a weekly gain after a volatile week. Earlier gains were driven by tight spot supply in top consumer China. The rise later faced pressure from a stronger U.S. dollar and inflation concerns.

PB Fintech shares rose 4% in early trade on Friday, September 25, after the Policybazaar parent plunged 36% in the previous session. HSBC and Motilal Oswal warned that proposed IRDAI commission caps and other changes to insurance distribution economics could materially hit the company’s revenue and earnings. Both brokerages cut their forward earnings-per-share forecasts for coming fiscal years.

Meta shares have surged 36% in September after the company released its Muse personal AI assistant, which quickly rose to the top of app charts and eased concerns about whether heavy AI spending will pay off. The stock is on track for its best monthly performance since July 2013. The rally follows a period when the shares were down 18% for the year after a late-July revenue forecast disappointed. Capital spending is expected to be nearly $140 billion this year, double the roughly $70 billion Meta spent in 2025.

PB Fintech cofounder and Group CEO Yashish Dahiya said proposed commission caps could cut the company’s general insurance revenue by between one-third and 40% if implemented. The Policybazaar parent said it would tighten spending and slow hiring, after adding about 6,000 employees in the first half of the year. Dahiya said the company might have hired closer to 2,000 if the proposed rules had been known earlier. PB Fintech said it expects no impact in FY27, but FY28 could be an adjustment period if the new framework takes effect then.

Indian shares are set to open higher on Friday after their sharpest drop in 10 weeks, but benchmarks are still down 1.2% and 1% for the week and risk a seventh straight weekly decline. Crude prices held near $106 per barrel, keeping pressure on India’s import bill, inflation concerns and corporate profitability. Foreign investors were net sellers of Indian equities worth 50.27 billion rupees on Thursday, according to provisional data.

Anthropic plans to ask shareholders to approve a new governance structure that would give CEO Dario Amodei and six cofounders a combined 50.1% of voting power. The setup would mirror Palantir’s founder-control model by concentrating decision-making with the founders. The company raised $65 billion in May at a postmoney valuation of $965 billion.

Muse is a multitasking AI assistant that is capable of performing tasks on behalf of a user. Read more at straitstimes.com.

Fortis owns nine regulated electric and natural gas utilities serving roughly 3.5 million customers, with about 95% of its assets in transmission and distribution infrastructure. The company plans to invest $28.8 billion between 2026 and 2030, supporting expected rate base growth of about 7% annually. Second-quarter earnings per share rose to $0.78 from $0.76 a year earlier. Fortis has raised its dividend for 52 consecutive years and currently pays $0.64 per share quarterly.