Anthropic sues Trump administration after clash over AI use
The Anthropic logo displayed on the stage during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. (Samyukta Lakshmi/Bloomberg via Getty Images)
(NEW YORK) — Artificial-intelligence firm Anthropic sued the Trump administration on Monday over the Pentagon’s choice to designate it a “supply-chain risk,” legal filings show.
A spokesperson for Anthropic said the legal action “does not change our longstanding commitment to harnessing AI to protect our national security, but this is a necessary step to protect our business, our customers, and our partners.”
A Department of Defense spokesperson told ABC News: “As a matter of Department of War policy, we do not comment on litigation.”
This is a developing story. Please check back for updates.
raders work on the floor of the New York Stock Exchange during morning trading on March 10, 2026 in New York City. Stocks continued to slide at the opening due to the war in Iran and oil prices hovering around $90 per barrel. (Photo by Michael M. Santiago/Getty Images)
(NEW YORK) — Oil prices surged and stocks tumbled worldwide in early trading on Thursday as Iran escalated shipping attacks in a critical tanker route.
Global crude spiked above $100 a barrel on Thursday before settling slightly below that key benchmark. The rise in oil prices defied a U.S. effort hours earlier to reassure markets with an announcement of the second-largest ever release from the nation’s petroleum reserve.
A selloff hit Wall Street as traders feared economic fallout from a potentially prolonged bout of elevated oil prices.
The Dow Jones Industrial Average fell 550 points, or 1.1%, while the S&P 500 dropped 0.8%. The tech-heavy Nasdaq declined 0.8%.
Oil markets are suffering a major supply shortage due to the near-closure of the Strait of Hormuz, a trading route that facilitates the transport of about one-fifth of the global oil supply.
This is a developing story. Please check back for updates.
Photo taken on Aug. 12, 2024 shows the trading floor of the New York Stock Exchange NYSE in New York, the United States. (Liu Yanan/Xinhua via Getty Images)
(NEW YORK) — The Dow Jones Industrial average closed up more than 600 points on Monday after President Donald Trump claimed “productive conversations” had been held between the United States and Iran.
The major stock indexes each soared more than 2% in early trading but gave up some of those gains as a flurry of headlines about the U.S.-Israeli war with Iran elicited price fluctuations.
The peace talks — which Iranian officials denied — sent the price of oil plunging on Monday on hopes that negotiations could reopen the Strait of Hormuz and end a weeks-long global energy shock.
The Dow closed up 631 points or 1.3%, while the S&P 500 jumped 1.1%. The tech-heavy Nasdaq increased 1.3%.
Each of the indexes remained below where it stood before the U.S.-Israeli war with Iran began on Feb. 28.
A selloff cascaded across global markets in recent weeks as stockholders feared economic fallout from a potentially prolonged bout of elevated oil prices.
Global oil prices plunged more than 10% on Monday after Trump made his claim about ongoing negotiations with Iran. Still, the price of oil stood above $100 a barrel, marking a steep rise since the outbreak of war.
Trump, after postponing U.S. strikes on Iran’s energy infrastructure citing new negotiations with Tehran, said on Monday that talks will continue and that there are “major points of agreement.”
According to Iranian state media, Iran’s Parliament Speaker Mohammad Qalibaf said, “no talks with the U.S. have taken place; reports claiming otherwise are fake news aimed at influencing financial and oil markets and distracting from the challenges facing the U.S. and Israel.”
A General Motors Co. Chevrolet dealership in Colma, California, US, on Friday, Jan. 23, 2026. (David Paul Morris/Bloomberg via Getty Images)
(NEW YORK) — General Motors said on Monday it expects to receive $500 million in refunds from tariffs that were ruled illegal by the Supreme Court.
The automaker is now boosting its full-year profit forecast by $500 million, GM CEO Mary Barra said in a letter to shareholders as the company announced its Q1 results. Barra also cited strong sales of its full-size pickup trucks, despite rising gas prices.
The federal government opened last week its refund portal to allow companies to apply to get tariff money back. The Supreme Court ruled in February that the International Emergency Economic Powers Act did not give President Donald Trump the power to unilaterally impose tariffs.
GM is one of more than 330,000 importers who paid the IEEPA tariffs that were invalidated, totaling $166 billion.
The IEEPA tariffs alone cost the typical American household $700 last year, according to the nonpartisan Tax Foundation.
