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The Daily Briefing · Tuesday, October 6, 2026
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Anthropic IPO: $965B Valuation, November Listing Eyed
Anthropic has filed confidentially for a US IPO after a $65 billion round at a $965 billion valuation, with a November listing and three banks leading.
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Also today
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September Payrolls Rise 29,000, Cutting Fed Rate Hike Odds
U.S. employers added just 29,000 jobs in September, well short of forecasts, trimming October Fed rate hike odds to about 17% while December stays near 90%.
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Nvidia (NVDA) Hits Record $5.7 Trillion on Buyback
Nvidia shares reached an all, time high near $237.88, lifting market value to about $5.7 trillion and leaving the AI chipmaker close to the $6 trillion mark.
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Stock Market Today: Nasdaq Hits Record 27,477 on AI Rally
The Nasdaq closed at a record 27,477 on Monday as AI stocks led broad tech gains, with Nvidia, Meta and Microsoft higher and the S&P 500 ending at 7,774.
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Flex Values Axiom at $37.5B in $2B Preferred Deal
Flex (FLEX) will sell $2 billion of convertible preferred stock in Axiom to General Catalyst and Koch at a $37.5 billion valuation ahead of a 2027 spin, off.
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More headlines
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Marvell Technology Stock Near $272 Before Investor Day
Marvell Technology stock, up more than 200% in 2026 near $272, heads into its October 6 Investor Day with investors seeking AI and data, center targets through 2030.
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Paramount Skydance Closes $110B Warner Bros. Deal Oct. 6
Paramount Skydance is set to close its roughly $110 billion Warner Bros. Discovery takeover on October 6 after a judge approved a state antitrust settlement.
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Treasury Yields Hit 24, Year High as Global Selloff Deepens
Treasury yields climbed again Monday, with the 10, year at 5.34% and the 30, year near 5.7%, as German, French, Italian and UK government bonds fell in step.
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Skyworks (SWKS) Closes Qorvo Deal, Creating RF Chip Giant
Skyworks (SWKS) completed its Qorvo combination on Oct. 5 after all approvals, forming a U.S. radio, frequency chipmaker with $500M+ in targeted synergies.
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China Fuel Export Halt Lifts Crude Oil Price About 2%
Brent topped $100 and crude rose about 2% after China halted October fuel exports, tightening a diesel market strained by the Middle East war and Russian curbs.
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Vaxcyte Surges 50% as VAX, 31 Wins Phase 3 Trial
Vaxcyte (PCVX) shares jumped about 50% after VAX, 31 met every primary endpoint in a pivotal Phase 3 trial against Pfizer's Prevnar 20 and Merck's Capvaxive.
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C.H. Robinson to Buy RXO for $5.8B, Lifting RXO 20%
C.H. Robinson (CHRW) agreed to buy freight broker RXO for $5.8 billion, or $30.25 a share in cash and stock, sending RXO shares up more than 20% on Monday.
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Market briefs
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From the startup desk
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Video of the day
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The Game of Hot Potato: Why Commodity ETFs Hide a Secret Fee
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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