Axios

There has never been a company like Anthropic.

• It owes almost $650 billion for computing, generates eye-popping revenue per employee and wants every investor to know that its product poses existential risks to humanity.

Why it matters: The future of the AI race, the market and the global economy rest within Anthropic's IPO prospectus, where some of Silicon Valley's most seasoned investors found new reasons to be bullish.

A pair of Trump-friendly, right-wing populists took a one-two punch Sunday: Brazil rejected a Bolsonaro comeback, and Serbia toppled a strongman's ruling party.

The big picture: Brazil denied Trump a close ally at the helm of Latin America's largest economy, snapping a streak of seven straight conservative wins in the region. In Europe, Serbia and Hungary toppled leaders with close Trump ties who had dominated their countries for years.

President Trump will campaign with three football stars in Texas on Tuesday, leaning into America's favorite sport as Republicans scramble to turn out voters in the final week before the midterms, Axios has learned.

Why it matters: Trump is trying to mobilize the lower-propensity voters who helped return him to the White House in 2024 — but who may be less inclined to vote when he isn't on the ballot.