Caterpillar third-quarter profit rises on power equipment demand

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• Anthropic CEO Dario Amodei charts a new direction for tech philanthropy

  Co-founders of the artificial intelligence firm are pledging the vast majority of their personal wealth to charitable causes ahead of an anticipated trillion-dollar public debut. This massive capital distribution relies on donor-advised funds that provide immediate tax benefits while preserving key corporate influence for leadership. The unconventional governance arrangement is already triggering debate across the nonprofit sector over whether the retained voting power violates traditional standards of philanthrop…

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• DoorDash agrees to acquire Instacart in a ~$17B deal, paying $65 per share, a 26% premium to its October 22 close, as the food platform market consolidates (Anuja Bharat Mistry/Reuters)

  This transaction marks a major consolidation wave across the competitive food platform sector as major players push for greater scale. By absorbing grocery delivery operations into its wider network, the acquiring platform significantly expands its overall operational footprint.

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• Citi raises Samsung profit estimates on memory outlook

  Financial analysts are growing more optimistic about the technology giant's upcoming financial trajectory. This renewed confidence stems primarily from strengthening conditions across the global memory chip market. The adjustment signals potential earnings momentum for the company as sector dynamics shift favorably.

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