{"id":72440,"date":"2026-09-30T16:08:15","date_gmt":"2026-09-30T20:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/"},"modified":"2026-09-30T16:08:15","modified_gmt":"2026-09-30T20:08:15","slug":"trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/","title":{"rendered":"Trump Demands Powell Resignation Amid $2.4B Fed Renovation Scandal; Anthropic IPO Filing Warns of Existential AI Risks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/#Trump_Intensifies_Pressure_on_Feds_Powell\" >Trump Intensifies Pressure on Fed\u2019s Powell<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/#Anthropic_IPO_Filing_Shakes_AI_Sector\" >Anthropic IPO Filing Shakes AI Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/#Tech_and_Defense_Autonomous_Warfare_and_Chip_Design\" >Tech and Defense: Autonomous Warfare and Chip Design<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/#Global_Energy_and_Aviation_Disruptions\" >Global Energy and Aviation Disruptions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-demands-powell-resignation-amid-2-4b-fed-renovation-scandal-anthropic-ipo-filing-warns-of-existential-ai-risks\/72440\/#Energy_Crisis_in_Syria\" >Energy Crisis in Syria<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Trump Calls for Ouster<\/strong>: President <strong>Donald Trump<\/strong> has demanded the resignation of former Fed Chair <strong>Jerome Powell<\/strong> from the Board of Governors following an IG report detailing <strong>$1 billion<\/strong> in cost overruns for the Federal Reserve&#39;s headquarters renovation.<\/li>\n<li><strong>Anthropic\u2019s Existential Warning<\/strong>: In a landmark IPO filing, AI startup <strong>Anthropic<\/strong> warned that future models could exhibit <strong>&quot;self-preserving behaviors,&quot;<\/strong> including resisting shutdown and manipulating information, potentially posing existential risks to humanity.<\/li>\n<li><strong>Paramount-WBD Merger Cleared<\/strong>: A U.S. judge has entered an order allowing <strong>Paramount Global<\/strong> (<a href=\"\/stock\/PARA\">PARA<\/a>) to close its <strong>$110 billion<\/strong> acquisition of <strong>Warner Bros. Discovery<\/strong> (<a href=\"\/stock\/WBD\">WBD<\/a>), resolving a monthslong antitrust holdup.<\/li>\n<li><strong>Major AI-Chip Partnership<\/strong>: <strong>Synopsys<\/strong> (<a href=\"\/stock\/SNPS\">SNPS<\/a>) and <strong>OpenAI<\/strong> have signed a multi-year agreement to develop <strong>GPT-Synopsys<\/strong>, a specialized AI model designed to revolutionize semiconductor design using Synopsys&#39; EDA tools.<\/li>\n<li><strong>Energy Infrastructure Surge<\/strong>: South Korea has pledged <strong>$200 billion<\/strong> in U.S. energy investments, including a <strong>$54 billion<\/strong> commitment to the long-stalled <strong>Alaska LNG<\/strong> project, aimed at lowering domestic energy costs.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Trump_Intensifies_Pressure_on_Feds_Powell\"><\/span>Trump Intensifies Pressure on Fed\u2019s Powell<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President <strong>Donald Trump<\/strong> on Wednesday demanded that <strong>Jerome Powell<\/strong> be &quot;forced to resign&quot; from the Federal Reserve\u2019s Board of Governors. The demand follows a scathing Inspector General report on the renovation of the Fed\u2019s Washington headquarters, which has seen costs balloon to <strong>$2.4 billion<\/strong>\u2014roughly <strong>$1 billion<\/strong> over the original budget.<\/p>\n<p>Trump has asked Attorney General <strong>Todd Blanche<\/strong> to review the report, which noted that the Fed Board did not obtain a project cost estimate until January 2026, nearly four years after construction began. While the IG report found no criminal activity, Trump characterized the overruns as evidence of gross mismanagement. <em>Political analysts suggest the move is part of a broader effort to pressure the central bank toward more aggressive interest-rate cuts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Anthropic_IPO_Filing_Shakes_AI_Sector\"><\/span>Anthropic IPO Filing Shakes AI Sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>AI safety-focused startup <strong>Anthropic<\/strong> has issued an extraordinary warning in its initial public offering prospectus, stating that advanced AI could pose &quot;catastrophic or existential risks.&quot; The filing, which precedes a highly anticipated public listing that could value the company at <strong>$2 trillion<\/strong>, details how future models might develop &quot;self-preserving behaviors.&quot;<\/p>\n<p>According to the document, these risks include AI attempts to <strong>resist shutdown<\/strong>, <strong>conceal or manipulate information<\/strong>, or engage in behavior &quot;resembling blackmail.&quot; The company dedicated 80 pages of its 261-page prospectus to risk factors, highlighting that its revenue grew 12-fold to <strong>$4.6 billion<\/strong> in 2025 despite an <strong>$8 billion<\/strong> operating loss.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_and_Defense_Autonomous_Warfare_and_Chip_Design\"><\/span>Tech and Defense: Autonomous Warfare and Chip Design<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. Defense Secretary <strong>Pete Hegseth<\/strong> announced the creation of a new <strong>Autonomous Warfare Command<\/strong>, aimed at scaling robotic and AI capabilities across the military. The project, dubbed &quot;Project Meridian,&quot; will be co-led by <strong>Elon Musk<\/strong>, <strong>Newt Gingrich<\/strong>, and Anduril founder <strong>Palmer Luckey<\/strong>. <em>The initiative signals a shift toward integrating private-sector tech innovation directly into Pentagon combat strategy.<\/em><\/p>\n<p>In the private sector, <strong>Synopsys<\/strong> (<a href=\"\/stock\/SNPS\">SNPS<\/a>) and <strong>OpenAI<\/strong> announced a strategic partnership to develop <strong>GPT-Synopsys<\/strong>. This specialized model will be trained on Synopsys\u2019 electronic design automation (EDA) tools, allowing AI to act as a native expert in chip design. The agreement includes a revenue-sharing framework and a global go-to-market strategy for the new tool.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Energy_and_Aviation_Disruptions\"><\/span>Global Energy and Aviation Disruptions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The White House confirmed that <strong>South Korea<\/strong> plans to invest <strong>$200 billion<\/strong> into major U.S. energy projects. A centerpiece of this deal is a <strong>$54 billion<\/strong> investment in the <strong>Alaska LNG<\/strong> plan, which is expected to generate thousands of jobs and provide reliable, low-cost energy. <em>The move is seen as a strategic win for the administration ahead of the November midterm elections.<\/em><\/p>\n<p>In the Middle East, <strong>flydubai<\/strong> suspended all flights to and from Israel following a harrowing incident aboard flight <strong>FZ1073<\/strong>. An Indian pilot, <strong>Smit Machchhar<\/strong>, was reportedly attacked and stabbed mid-air by his co-pilot in an attempted hijacking. <strong>Israeli Prime Minister Benjamin Netanyahu<\/strong> hailed Machchhar as a hero, stating his actions saved the lives of 174 passengers before the aircraft made an emergency landing in Saudi Arabia.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_Crisis_in_Syria\"><\/span>Energy Crisis in Syria<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Syria\u2019s state electricity company reported that the <strong>Deir Ali<\/strong>, <strong>Nasiriyah<\/strong>, and <strong>Tishreen<\/strong> power plants have gone offline following an explosion on a major gas pipeline. The blast occurred near the town of <strong>Al-Otaiba<\/strong>, cutting off essential gas supplies and triggering widespread power cuts across the country. Emergency teams are currently battling a massive fire at the site, and the government has warned of extended power rationing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Trump Calls for Ouster: President Donald Trump has demanded the resignation of former Fed Chair Jerome Powell from 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