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NYTIMES (David E. Sanger) - Iran Blockade Sets Up a Test of Which Side Can Endure More Pain

President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.

AXIOS (Jim VandeHei) - No company in American history has ever grown like Anthropic

I have no clue if there's an AI bubble . I do know this: I went hunting for any company — in any industry, in any era — that has scaled organic revenue this quickly at this level as Anthropic. Couldn't find one. Not in tech. Not in oil. Not in wartime manufacturing. - Historically, many of America's biggest companies have grown through acquisitions or government contracts. This is customers lining up to buy. Try to wrap your head around this. The company announced last week that its run-rate (annualized) revenue has passed $30 billion — up from $19 billion in early March, and up from $9 billion at the end of 2025. Its main product, Claude, launched just over three years ago. The only ones to come close with an already established…

NYTIMES (Benjamin Mullin) - Hollywood Heavyweights Sign Letter Opposing Paramount’s Deal for Warner Bros.

The letter warns that the deal will result in fewer jobs for creatives, along with higher costs and less choice for audiences.

AXIOS (Amy Harder) - AI's power demands give carbon capture a new push

Technology that captures carbon emissions from power plants may finally get a breakthrough as deep-pocketed tech companies try to meet climate goals while powering the AI race. Why it matters: It could help make natural gas electricity cleaner, but it's long been too expensive. The AI boom could change that. Driving the news: At least five projects under consideration across the U.S. would capture carbon dioxide emissions from natural gas plants connected to data centers, according to company statements, news coverage and independent reports. - This includes Google's publicly touted project in Illinois, another one Google is reportedly behind in Nebraska, projects by ExxonMobil and Chevron and another by Meta that has the option to…