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BusinessPhoto: Business Standard

Anthropic Reports $16.8 Billion Q3 Revenue Ahead of IPO

Anthropic PBC reported $16.8 billion in third-quarter revenue as it prepares for its initial public offering. The AI company, known for Claude, achieved adjusted profitability with an 85% gross margin and over 11% positive adjusted operating margin. Anthropic plans to start marketing its IPO the week of November 9, aiming to begin trading before the US Thanksgiving holiday, with a valuation estimated between $1.8 trillion and $2 trillion.

Business Standard··San Francisco

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BusinessPhoto: Mint Markets

Dollar Falls Most in Over a Month on AI Risk Concerns

The US dollar experienced its largest drop in over a month, falling 0.3% as AI-related concerns triggered a bond rally that lowered yields and pressured the currency. Despite strong inflation data showing a 1.3% rise in producer prices and higher retail sales, the dollar weakened against most major currencies, including a nearly 1% fall versus the Swiss franc. Traders are now focusing on upcoming Federal Reserve decisions.

Mint Markets·

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HealthPhoto: Deccan Herald

India Sees Surge in Semaglutide Use and Emerging Lawsuits

After Novo Nordisk’s semaglutide patent expired in March, Indian companies launched cheaper versions, causing semaglutide sales to jump from 25,000 units in February to 1.7 lakh units in April. Overall GLP-1 injectable sales rose 76% to 4.14 lakh units in April. The market grew to Rs 2,333 crore in 12 months. However, increased use has led to emerging litigation in Indian courts similar to Western markets.

Deccan Herald·

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HealthPhoto: Deccan Herald

NCAP urged to identify emerging air pollution hotspots early

The National Clean Air Programme (NCAP) in India currently focuses on cities failing air quality standards for five years. Experts argue for expanding NCAP to identify and act on emerging pollution hotspots before they worsen. Early intervention can prevent severe pollution and reduce health risks, especially in densely populated areas. Air pollution is the second-largest mortality risk globally, with low- and middle-income countries bearing the greatest burden.

Deccan Herald·

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PoliticsPhoto: DNA India

Connaught Place Central Park Closed Oct 16-17 Ahead of CJP Tiranga Rally

Delhi Police has imposed a prohibitory order under Section 163 of the Bharatiya Nagarik Suraksha Sanhita in Connaught Place and nearby areas ahead of the Cockroach Janta Party's "Lehra Do Tiranga" rally on October 17. The New Delhi Municipal Council announced Central Park in Connaught Place will be closed to the public on October 16 and 17 for administrative reasons. Police urged citizens to avoid the area and comply with the order, while considering limited arrangements for flag hoisting and singing the national anthem.

DNA India··New Delhi

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PoliticsPhoto: HT World

Clashes Erupt in Buenos Aires Protest Over University Funding Cuts

In Buenos Aires, Argentine protesters clashed with police during a major demonstration against President Javier Milei's cuts to education funding. Thousands of students, teachers, and activists protested peacefully, but some hooded demonstrators threw stones, prompting police to use tear gas and water cannons. The protests follow strikes and court rulings demanding compliance with a 2025 law to increase university funding amid a 41% real-term spending drop this year.

HT World··Buenos Aires

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