Trump's war predictions, Pershing Square files for IPO, Anthropic's lawsuit and more in Morning Squawk

Yesterday saw a Wall Street recovery following President Trump’s statements suggesting the U.S.-Iran war is “very complete” and will end “very soon,” causing a rebound in the Dow Jones and a drop in crude oil prices, though Iranian officials cautioned about tanker safety in the Strait of Hormuz. Meanwhile, Bill Ackman’s Pershing Square Capital Management filed for an IPO on the New York Stock Exchange under the ticker “PS,” seeking to allow public investment in his hedge fund with $2.8 billion in secured commitments.

Economists are raising concerns about potential stagflation in the U.S. due to rising oil prices and a recent weak jobs report, echoing fears from 2022 and last year, while prediction markets now indicate a recession probability above 34%. In a separate development, Anthropic is suing the Pentagon after being blacklisted as a “supply chain risk” following disagreements over AI usage demands, a move that has raised concerns among defense experts.

Finally, Stellantis is utilizing technology from competitors like Toyota (through Blue Nexus) and Bosch for its new hybrid and electric SUVs, an uncommon practice for main systems. Olaplex, a luxury hair care brand, is also attempting to regain investor confidence after losing 95% of its value since its 2021 IPO.

(Source：Cnbc)