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Gas stations are on notice
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Plus: Anthropic takes a victory lap.
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Thursday, April 16, 2026
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Andrew Caballero-Reynolds / AFP via Getty Images
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<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
The Trump administration borrows a page from Biden on gas prices
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The Trump administration is struggling to contain scorching gas price increases in the wake of the U.S. war with Iran. Consumer sentiment,
meanwhile, is plunging to record lows, driven by concern among Americans of price hikes that stick around and stretch their budgets.
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Elevated gas prices represent a major political vulnerability for President Donald Trump going into the November midterms. There's little sign of immediate financial relief for Americans refilling their gas tanks while a shaky U.S.-Iran ceasefire holds. The U.S. Energy Information Administration forecasted last week that gas prices will average more than $3.70 the rest of the
year.
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Now, Trump's lieutenants are signaling they'll call out alleged instances of price gouging among gas stations to tame prices and deflect blame on their part.
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"We'll be looking at Treasury to keep the retail gas stations honest. 'You did this on the way up, you better be doing this on the way down,'" Treasury Secretary Scott Bessent said. "And I'm sure the president will call out anybody who's a bad actor."
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Turn your home equity into retirement flexibility
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With a reverse mortgage from Longbridge, you can convert part of your home equity into cash—without required monthly mortgage payments. You keep ownership of your home, and repayment is typically deferred until you move, sell, or pass it
on.
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If you’re 62 or older and want ongoing access to your equity, Longbridge also offers its HELOC for Seniors®.
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Calculate your reverse mortgage payout
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Should
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Yes. Blatant profiteering is a scourge
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No. Free markets should operate freely
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<!--[if mso]><a href="https://www.ne16.com/t/10631650/222404108/9597748/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0xNiUyMCUyOFVTJTI5&x=5419aa02" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">No.
Free markets should operate freely</a><![endif]-->
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Only when there's a state of emergency
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<!--[if mso]><a href="https://www.ne16.com/t/10631650/222404108/9597749/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0xNiUyMCUyOFVTJTI5&x=1ab9e06a" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">Only
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Here's what you need to know
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<a aria-label="SOPA Images / Getty Images" style="color:#105C8E" target="_blank" title="SOPA Images / Getty Images">
<img alt="SOPA Images / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2269153872.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzYzMzQ3MTAuMzYyNDAyN30:1wDJnq:asQfaALuWbNpjcwV9UdTbAq1EhinAg5uli1aVH8hItk" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<a data-linktext="Allbirds stock tops 600% in intraday gains after swapping sneakers for AI." data-linktype="Normal" style="color:#105C8E" target="_blank">
Allbirds stock tops 600% in intraday gains after swapping sneakers for AI.
</a>
</strong>
The footwear company is selling its shoe brand and assets for $39 million and entering the AI infrastructure business as NewBird AI. Its market value
ballooned from $21 million to $163 million at Wednesday's close.
</div>
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<a aria-label="NurPhoto /
Getty Images" style="color:#105C8E" target="_blank" title="NurPhoto / Getty Images">
<img alt="NurPhoto / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2245498698.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzYzMzQ3MTAuMzYyNTM2fQ:1wDJnq:zQ4fp13jqfz12KZfCSIZMEX4EpfN4Ti46x_BinX-Cdw" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<strong style="color:#105C8E">
<a data-linktext="Jane Street goes all-in on CoreWeave with a $7 billion bet." data-linktype="Normal" style="color:#105C8E" target="_blank">
Jane Street goes all-in on CoreWeave with a $7 billion bet.
</a>
</strong>
The trading firm will spend $6
billion on CoreWeave's AI cloud platform on top of its latest $1 billion investment in the company. Jane Street's $109 average per-share purchase price represents a 7% discount from the stock's previous closing price.
</div>
</td>
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<a aria-label="NurPhoto / Getty Images" style="color:#105C8E" target="_blank" title="NurPhoto / Getty Images">
<img alt="NurPhoto / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2269933617.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzYzMzQ3MTAuMzYyNjYzN30:1wDJnq:RHzHhEAJKuKhrP2CYv0DVMmDwqrIcr14hltxRDlI3JQ" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Nvidia's new AI models accelerate quantum computing." data-linktype="Normal" style="color:#105C8E" target="_blank">
Nvidia's new AI models accelerate quantum computing.
</a>
</strong>
The open-source Ising models reduce processing time from days to hours and fix data errors up to 2.5 times faster than the prevailing open-source standard. "AI is essential to making quantum
computing practical," Nvidia CEO Jensen Huang said.
</div>
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<a aria-label="NurPhoto /
Getty Images" style="color:#105C8E" target="_blank" title="NurPhoto / Getty Images">
<img alt="NurPhoto / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2188532306.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzYzMzQ3MTAuMzYyNzg0Nn0:1wDJnq:oBW4NxBYdb00JDRUZhNwpXWXNZBQ0E_i3c_5Kcq3km0" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
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<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div style="line-height: 1.4">
<strong style="color: var(--blue-cta-default)">
<a data-linktext="Kraken moves forward with a U.S. IPO at a $13.3 billion valuation." data-linktype="Normal" style="color:#105C8E" target="_blank">
Kraken moves forward with a U.S. IPO at a $13.3 billion valuation.
</a>
</strong>
Co-CEO Arjun Sethi confirmed the plan after Deutsche Börse took a 1.5% stake in Kraken's parent company for $200 million. The crypto exchange was valued at $20 billion after its last fundraising round in November.
</div>
</td>
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<a aria-label="Picture Alliance / Getty Images" style="color:#105C8E" target="_blank" title="Picture Alliance / Getty Images">
<img alt="Picture Alliance / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2265577424.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzYzMzQ3MTAuMzYyOTAyMn0:1wDJnq:DzYcEU7lEJPaFqxKAZS7nxJw9ZP92LvioA-M1iJZga0" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
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<div style="line-height: 1.4">
<strong style="color:#105C8E">
<a data-linktext="Snap will cut 16% of its workforce thanks to AI improvements." data-linktype="Normal" style="color:#105C8E" target="_blank">
Snap will cut 16% of its workforce following AI improvements.
</a>
</strong>
The layoffs will affect around 1,000 employees and save the company more than $500 million annually by the second half of 2026.
Snap said its recent AI-driven efficiency gains helped it maintain output with fewer staff.
</div>
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Recommended
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Is your company one of the best places to work? Prove it.
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<br/>
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<div style="line-height: 1.5">
We're accepting nominations for our
<strong>
2026 Best Places to Work
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report.
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Registration is
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You receive your employee responses for
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Recognized companies earn a credential that strengthens recruiting and employer brand
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Register by May 8 to be considered.
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Register now
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<a aria-label="Linked image" style="color:#105C8E" target="_blank">
<img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252F2469208b-5c92-49d1-a6c7-f2edb4b850d7.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzYzMzQ3MTAuMzYzMDIzNX0:1wDJnq:_4BZRHYq-YexzbcQnxJt-nMXjgcgvVWADb3BSQ2TRJo" style="width:600px;max-height:338px;vertical-align:middle;border:0" width="600"/>
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David Paul Morris / Bloomberg via Getty Images
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<td class="editor-cell-text td100" colspan="6" style="padding:10px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
How Anthropic's Pentagon fight became an unexpected growth engine
</h1>
</td>
</tr>
<tr class="trpad10">
<td class="editor-cell-text td100" colspan="6" style="padding:10px;width:100%;font-family:Arial,Helvetica,sans-serif;font-size:15px;vertical-align:top">
<div style="line-height: 1.4">
When the Pentagon declared Anthropic a supply-chain risk earlier this year, the designation was meant to hurt. The label, typically reserved for adversarial foreign companies, was a pointed message from Defense Secretary Pete Hegseth after Anthropic refused to let the military use its AI models for autonomous weapons or domestic surveillance. Anthropic called the move "legally
unsound" and sued.
</div>
<div style="line-height: 1.4">
<br/>
</div>
<div style="line-height: 1.4">
What followed has been less a corporate crisis than a coming-out party.
</div>
<div style="line-height: 1.4">
<br/>
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In the months since the standoff began, Anthropic says its annualized revenue has grown from roughly $9 billion at the end of 2025 to more than $30 billion today. Paid consumer subscriptions have more than doubled, and the Claude app briefly topped Apple's download charts.
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For a company that spent years in OpenAI's shadow, it has been a remarkable few months.
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4 days, 8 hours ago - hi@e.qz.com
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