People are living longer, so the career you expected to cap off at 40 years could last 60.

There are very few people who can work 40 years and save enough money to not work for another 30.

Get ready for a 60-year career with a special series on your money briefing from the Wall Street Journal, Wednesdays in September.

The year's hottest IPO gets an institutional shot in the arm. Plus, Chinese warships mobilize in a major unannounced show of force.

We've not seen anything this large before. Also, it's a sign that China is feeling more comfortable about doing naval exercises further away from its own coast.

And the EU reties a probe of Beijing's EV subsidies. It's Wednesday, September 13th.

I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today.

The biggest IPO of the year is Fast Approaching and Investor Interest in British Chip Designer Arm, head of its NASDAQ debut tomorrow, appears to be Red Hot.

We'll get more details today when Arm and its underwriters formally price the IPO, but they're already signs the world's leading chip makers and arms biggest customers are buying into the sale.

Deputy Finance Editor Quinton Webb is here with the latest. Quinton We Know Taiwan Semiconductor TSMC is among those eyeing a big investment in Arm reportedly of up to $100 million.

Softbank is only selling 10% of Arm via this sale. It seems like it's not going to be difficult to find buyers here.

Hi there. That's right. So what Arm has done is it has lined up a kind of stellar gallery of industry figures including Apple, Google, Intel,

Nvidia, Samsung and TSMC, which as you say has committed to buy as much as $100 million of the stock on its own, and those cornerstone investors serve an important role here.

First, they are a demonstration of the almost unique role that Arm has within the industry where it's seen as a kind of neutral party that works with many, many kinds of parties.

Second, it's a useful signal to institutional investors that you have all this support for the deal, and of course it reduces the amount of stock that has to be sold to other investors.

So it makes it easier to get the deal over the line or to get the good pricing that Softbank and Arm would be looking for.

It should say as well that this is seen as a very important test of the health of the overall IPO market, which is reopening after a difficult period.

If a big bell weather IPO goes well, that is usually seen as a good signal for others to kind of get deals away and for people who are considering whether they should test the waters to push ahead with listing plans.

Quinn, it's almost a unicorn listing, right? A company so involved in one of the big industries of the moment and with this slate of corporate backers, the kind of listing that could inject real confidence into the broader market.

That's right. The big question, of course, is the extent to which investors buy the narrative that Arm is going to be as central to the AI era as it has been to the smartphone era.

It's been a very important player in smartphones. The question, of course, is whether or be as important in artificial intelligence.

That was Deputy Finance Editor Quentin Webb.

...