Anthropic races toward a Wall Street debut with a confidential SEC filing

The Defense Department has declared its press office a classified space, barring journalists from entry. It was yet another move restricting journalists' access to Pentagon officials. Acting Pentagon press secretary Joel Valdez confirmed the move on X, stating it was due to speechwriters handling classified material in the space. Valdez emphasized there was "nothing controversial" about the decision. This change comes amid rising tensions between the U.S. media and the second Trump administration. Last October, many reporters turned in access badges over new restrictions. The New York Times has sued the Defense Department twice, arguing these restrictions violate the First Amendment.

Reports say Scott Pelley has accused CBS head Bari Weiss of "murdering" the hugely successful “60 Minutes.” The longtime correspondent made the remarks during a tense meeting with the newsmagazine's staff and new producer Nick Bilton. The Status website reports that Pelley grilled Bilton about the firings last week of Bilton's predecessor Tanya Simon, and correspondents Sharyn Alfonsi and Cecilia Vega. Pelley reportedly also told Bilton, a former technology journalist, that he had slender qualifications for his job. Weiss, a polarizing figure, has called for a "new approach" to keep the show thriving. She did not attend the meeting.

Oil prices rose following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks ticked to more records. The S&P 500 added 0.3% Monday to its prior all-time high set on Friday. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite climbed 0.4% to likewise set records. The price for a barrel of Brent crude rose more than 4%, which pushed up Treasury yields and hurt companies with big fuel bills. But strong profit reports from U.S. companies and continued strength for big technology stocks kept Wall Street's momentum going.

Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion. Anthropic said Monday it has submitted a confidential filing with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. Anthropic said last week it had raised $65 billion in private funding that will push its valuation to $965 billion, a whopping number that makes the five-year-old maker of the Claude chatbot one of the world’s most valuable startups.

Oil prices rose following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks rose to more records. The S&P 500 added 0.3% Monday to its prior all-time high. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite gained 0.4%, both also adding to their previous records set last week. The price for a barrel of Brent crude rose more than 4%, which pushed up Treasury yields and hurt companies with big fuel bills. But strong profit reports from U.S. companies and continued strength for big technology stocks kept Wall Street’s momentum going.

British Prime Minister Keir Starmer faces more embarrassment with the release of files about former U.K. ambassador to Washington Peter Mandelson. The documents were published Monday. They run to more than 1,500 pages and include emails and texts. A handwritten note from Mandelson pledged that the government would “never regret” giving him the job. Mandelson was a friend of convicted sex offender Jeffrey Epstein. Mandelson was fired as U.K. ambassador to the United States after nine months. Fallout from the appointment has left Starmer fighting for his job. Critics say the decision to give Mandelson the key diplomatic job shows poor judgment by Starmer who is under pressure to resign.

Florida sues OpenAI and CEO Sam Altman, claiming the company marketed ChatGPT while concealing serious risks.

The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday has found. The study concludes that businesses are reluctant to hire new college grads into remote work because it is harder to train and mentor them when they are working remotely. The authors of the study calculate that remote work is responsible for nearly two-thirds of the rise in the unemployment rate for young college graduates since the pandemic.