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Anthropic rejects Pentagon’s ‘final offer’ for military use of AI

CEO Dario Amodei said start-up ‘cannot in good conscience’ agree to US government’s terms

Incident comes amid heightened tensions between Washington and Havana

FS KKR shares tumble 15% as markdowns highlight growing strains in debt extended to unlisted companies

Group’s shares surge 25% as CEO says ‘most companies are late’ to realise how much technology will affect employment

Former secretary of state issues blistering statement in closed-door testimony to lawmakers

Company warns earnings from licensing business will be below expectations after clients scale back online grocery plans

Results from chip group gave Wall Street indices an early knock but ‘progress’ in US-Iran talks aid afternoon recovery

Also in today’s newsletter: US and Iran make ‘progress’ in nuclear talks, and Caesars Entertainment weighs takeover interest

Streaming company’s decision will end months-long saga over future of one of Hollywood’s best-known studios

British Museum’s deal with Igor Tulchinsky thought to be worth £5mn

Results underscore investor fears that prediction markets are eating into the $14bn US sports gambling sector

Company’s shares have fallen to a five-year low after being absorbed into smaller rival in 2020

The US Supreme Court knocks old tariffs down. And new ones emerge.

Oman’s foreign minister says the two countries are set to meet again following round of negotiations in Geneva

London-based Erdit Hoxha will join Izzy Englander’s firm that manages $86bn of assets

UAE investment in World Liberty Financial has intensified concerns about favourable treatment and national security

Decline in benchmark rate helps bolster Donald Trump’s claim housing affordability is improving under his administration

Republican-led states accused the US’s largest index fund managers of conspiring to reduce coal emissions

A company etched in Silicon Valley folklore as a disrupter needs reinvention

Probe into former commissioner for trade is expected to be wide-ranging

Issue is expected to come under the spotlight in chancellor Rachel Reeves’ Spring Statement

Without careful handling, AI power demand could push up electricity prices and sink net zero plans

The cash-and-stock offer is aimed at trumping an agreed deal led by Nelson Peltz’s Trian Fund Management

Trump and Witkoff expect weaker parties to cave — but unlike in real estate, ideology and national pride matter