Business
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
- Marvell to acquire Celestial AI for as much as $5.5 billion - The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.
- Holiday shopping turnout jumps to 202.9 million people during Thanksgiving weekend, NRF says - Shoppers said they were motivated by sales and promotions, such as limited-time offers, according to the trade group's annual survey.
- Michael and Susan Dell to donate $6.25 billion to fund Trump Accounts for 25 million U.S. kids - The billionaire CEO of Dell Technologies told CNBC he first heard of the idea of seeding accounts from hedge fund manager Brad Gerstner.
- Costco sues for Trump tariff refunds before Supreme Court rules on if they're illegal - Costco joins dozens of other companies that are seeking to protect their rights to refunds of Trump's tariffs without first waiting for the Supreme Court.
- Eli Lilly cuts cash prices of Zepbound weight loss drug vials on direct-to-consumer site - The announcement comes weeks after President Donald Trump inked deals with Eli Lilly and Novo Nordisk to make their GLP-1 drugs easier for Americans to access.
- Airbus shares fall on reports of new quality issue on dozens of A320 aircraft - Shares of Airbus plunged to the bottom of the pan-European Stoxx 600 index on Monday morning.
- This is the No.1 reason startups fail in the first two years, according to the founder of Europe's largest pre-seed fund - "The number one reason companies typically fail in the first 18 to 24 months is that founders fall out with each other or don't get along," one VC said.
- 'Zootopia 2' fuels top 5 Thanksgiving box office haul - Disney's "Zootopia 2" tallied an estimated $156 million during the five-day Thanksgiving holiday, leading the box office to a top five performance.
- The mobile app has changed the low-cost franchise business model, but not the risks - Many new franchise business models are mobile app and internet based, but while the lack of real estate can reduce costs, many risks remain.