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Here's your midday brief for Monday, May 4th. I'm Anthony Bansy for the Wall Street Journal.

Military tensions are flaring in the Strait of Hormuz. Several ships were struck while the U.S. sent in

destroyers and fought off further Iranian attacks. The American military said it successfully guided

two U.S. flagged commercial ships through the strait. A senior official

says U.S. forces didn't physically escort the merchant vessels, but instead established a defensive

shield using warships and aircraft to protect them. The skirmishing comes hours after President

Trump announced a new initiative to get ships that have been bottled up in the Persian Gulf out through the crucial waterway. Iran says ships going through without its permission

face serious risks. We're exclusively reporting that Anthropic is launching a $1.5 billion

joint venture with Blackstone, Goldman Sachs, and other Wall Street firms. The deal aims to create a consulting

arm to sell artificial intelligence tools to private equity-backed companies. Anthropics rival

Open AI is also in talks to form a rival joint venture with private equity firms. And Tyson Foods

reported an overall profit of $260 million in its second fiscal quarter.

Tyson Foods says soaring cattle prices led to a $240 million loss in its beef division for the quarter,

but the company reports it was able to offset those losses with higher profits from its chicken business.

Heads up in artificial intelligence tool helped us

make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted

by an editor. We'll have more coverage of the day's news on WSJ's What's News podcast. You can add it to

your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

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