Oct 16, 2026, 03:30 PM UTC

Billionaire Elon Musk contributed $178 million to two Republican political action committees during the third quarter, helping the groups reach a combined fundraising total of $367 million.

The substantial influx of capital gives the GOP a notable financial advantage entering the final stretch of the election season. Despite the fundraising lead, political analysts note that the party faces challenging odds in retaining its majorities in both the U.S. House of Representatives and the Senate. Musk’s donations accounted for nearly half of the total collected by the two super PACs during this reporting period.

Sources: Bloomberg.

New York City Comptroller Mark Levine has urged artificial intelligence startup Anthropic to postpone any potential initial public offering until it addresses safety concerns. Speaking on Bloomberg Surveillance, Levine warned that public market investors could place pressure on the company to prioritize financial results over risk mitigation. He advocated for Anthropic to reinforce its safety safeguards while still operating as a private entity, arguing that addressing these issues is essential before market expectations mount. Anthropic has not formally announced an IPO date.

Sources: Bloomberg