Bolivia in South America will shift to a floating exchange rate regime, ending its fifteen-year dollar peg mechanism.
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Meta and Microsoft strive to reduce employees’ reliance on Claude: Meta’s internal usage has halved, and Microsoft has cut its budget by one-third.
Microsoft's internal Claude budget has been reduced by more than one-third from its peak, and the number of internal Claude Code users at Meta has dropped from around 60,000 to 30,000. Both companies emphasize that external customer demand is still growing, but the decline in internal usage puts pressure on Anthropic. According to Anthropic's IPO prospectus, two major clients together contributed about 25% of its revenue. Although the prospectus does not name specific clients, it is highly likely that Meta and Microsoft are these two clients or among them.
US Stock Market Movement: Charles River surged on October 5th, reaffirmed guidance, 2030 target, and CRO.
New York oil prices closed down 1.84%, Brent fell 1.89%
At the close of the day, the price of light crude oil futures for November delivery on the New York Mercantile Exchange fell by $1.68 to $89.43 per barrel, a decrease of 1.84%. The price of Brent crude oil futures for December delivery in London dropped by $1.93, settling at $100.32 per barrel, a decline of 1.89%.
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