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Good morning. On Fortune’s radar today:
- Anthropic’s $2 trillion IPO prospectus leaked.
- Markets: Oil and bonds are driving the drama.
- The equity risk premium on stocks over bonds has collapsed.
- Private credit lenders are girding for trouble.
- What would happen if they closed the Panama Canal?
- AI hyperscalers need $300 billion in revenue to cover their costs.
- Stinking rich: The infamously smelly durian fruit is a $7.4 billion industry.
This story was originally featured on Fortune.com
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