Anthropic reportedly plans a $2 trillion IPO in October—the largest ever—that will eclipse SpaceX

**Good morning. On Fortune’s radar today:**

Anthropic’s $2 trillion IPO will eclipse SpaceX.
Markets: Q2 was awesome.
The futures market for ‘compute’ could hit $150 trillion.
Iran wants to prolong the war as long as possible.
AI isn’t eating jobs yet—but it’s nibbling at the edges.
Biofuel is putting up the price of food.
“Time billionaires.”
Sam Altman was ‘peer-pressured and tricked’ into an ‘unbelievably terrible’ internship at Goldman Sachs.

Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here.