Anthropic’s IPO, Brazil’s Presidential Election, NBA Embraces Prediction Markets, & More
00:00 Hey, this is Ava. And this is Joe. Today, we're talking about anthropic splashy stock market debut, Brazil's incumbent winning Tuesday's presidential runoff election, the NBA teaming up with prediction markets Kalshi and Pauly Market, and other top news for Wednesday, October 28th. Stay informed while remaining focused on Christ with the pourover.
00:35 Here's your quote of the day. Any concept of grace that makes us feel more comfortable sinning is not biblical grace. God's grace never encourages us to live in sin. On the contrary, it empowers us to say no to sin and yes to truth. Randy Alcorn. Let's get started with some espresso shots. Move over SpaceX. There's a new IPO in town. AI giant Anthropic filed its IPO paperwork Monday, beginning its march toward the public market under the ticker and. The 400-page filing revealed that the Claude Maker hauled in $16.3 billion in revenue during the first half of 2026, up approximately 1,300% from a year ago, but remains unprofitable.
01:29 Anthropic reportedly anticipates raising $100 billion at a $2 trillion valuation when it debuts in mid-November. If successful, it would rival the record SpaceX set earlier this year of $75 billion at a $1.77 trillion valuation and become one of the most valuable companies in the world. The filing details a high-risk, high-reward opportunity. It pakes its potential market at more than $40 trillion, but spends 94 pages discussing risk factors, including that AI could, quote, destabilize the geopolitical order. First to consider when the world's big offerings start to distract from the promises of God. Do not love the world or the things in the world.
02:23 If anyone loves the world, the love of the father is not in him. For everything in the world, the lust of the flesh, the lust of the eyes, and the pride in one's possessions, is not from the father, but is from the world. and the world with its lust is passing away, but the one who does the will of God remains forever. 1 John, Chapter 2, verses 15 through 17. Brazil's incumbent president pulled off in election upset Sunday. After trailing by 2.2 million in first round voting earlier this month,
03:06 left-wing Luis Inacio Lula da Silva defeated right-wing senator Flavio Bolsonaro, 51.8% to 48.2% in the runoff. A massive social media campaign and higher-than-expected voter turnout are credited with helping the 81-year-old secure an unprecedented fourth term. Flavio's father, former President Jair Bolsonaro, lost his own re-election to Lula in 2022, and was sentenced to 27 years in prison for attempting a coup. Flavio's party conceded for him after he initially refused to accept the results.
03:42 He then reportedly fled to Florida, defying a court order to surrender his passports. Brazil's main stock index was shook by Lula's surprise victory, plunging 14% Monday as a bubble built by Bolsonaro's investor-friendly campaign promises popped. Just as many Americans view the outcomes of foreign elections with a certain level of detachment, Christians view earthly political outcomes as secondary to the campaign of our eternal. home, where we hold our truest citizenship. 2 Corinthians 5 verse 16 and 19 through 20 says, From now on then, we do not know anyone from a worldly perspective.
04:29 In Christ, God was reconciling the world to himself, not counting their trespasses against them, and he has committed the message of reconciliation to us. Therefore, we are ambassadors for Christ, since God is making his appeal through us. The NBA added two prediction markets to its roster on Monday. The association named Kalshi and Polly Market, its, quote, preferred prediction market exchanges. Both sides bring baggage into the locker room.
05:04 The trading sites are battling states in court over whether prediction markets are just sports betting in different uniforms, and the NBA is still dealing with recent gambling scandals. Still, an NBA execs said the partnership better protect. text, quote, the integrity of our games. Meanwhile, on the court, the sophomore season Golden State Valkyries are one win away from a WNBA championship after beating the Atlanta Dream on Monday. Pray with us. Giver of every good gift. As new ways to spend, risk, and win become available, teach us to follow what is good, not merely what is allowed. Create a craving in us for the long road of a generous life
05:57 over the thrill of chasing quick winds. Free every person caught in tightening chains of debt and addiction. Remind us of the riches we have in your love and encourage us with the certainty of your cosmic victory. Amen. Somewhere in America, a kid is waiting for a way out. Last year alone, the National Cyber Tip Line logged more than 113,500 reports of possible child sex trafficking. Reports come in every day, but identified is not safe. Someone still has to get them out.
06:36 That's what Safehouse Project does. They train communities to spot trafficking and make sure that when a kid is ready to leave, they have a safe ride, a safe place, and care that leads to lasting freedom. And that's where you come in. Just $40 covers a safe ride from captivity to freedom. When a kid finds the courage to run, your gift makes sure the way out is there. Give a kid the way out. Go to safehouseproject.org slash TPO or tap the link in the show notes to give now. In other brews, here's a rapid round of updates. Former FBI director James Comey faces federal charges for a third time.
07:27 Monday, a judge unsealed two charges accusing Comey of disclosing national defense information to the New York Times in 2016, the year he led a Russian election interference investigation. Comey, whose lying to Congress case was dismissed, called it a, quote, appalling abuse and moved to dismiss the charges. Microsoft's holding the door open for approximately 60,000 employees. Monday, the tech giant offered voluntary buyouts to 20,000. of its workforce to manage costs amid growing AI investments. The Severin-style package is available to eligible employees at level 70 or below.
08:13 This means internal job ranking, not Candy Crush. But they must accept by early December and make their exit by year's end. Robots logged a win against cancer Sunday. In the first U.S. tele-surgery between two hospitals, Florida surgeon Vipul Patel removed the cancerous prostate of a 66-year-old patient 35 miles away. The successful procedure marks a milestone in an FDA-authorized study, testing whether remotely performed surgery could help, quote, reduce geographic barriers to specialized treatment.
08:57 Dollar General's getting a price check. The FTC and 20 states are suing the bargain chain, alleging it repeatedly charged customers more at the register than shelf prices, despite tens of thousands of complaints, adding millions to its primarily low and fixed income shoppers totals. Dollar General vowed to fight, saying it aims for, quote, 100% accuracy, but acknowledged, quote, occasional price discrepancies. The raise swam away from a sweep. After Milwaukee brewed up a World Series record for two out runs in a single inning on Monday, 8, Tampa Bay notched its first 2026 fall classic win last night.
09:44 To win their first title, they'll have to overcome a 3-0 World Series deficit, another first. Game 5 is tonight in St. Petersburg. That's all the headlines we have for today. Here's some good news to dwell on. When we were his enemies, Christ died for us. We can love others radically because he first loved us. As always, thanks for listening, TPOFam. If you're listening on the Apple Podcasts app,
10:22 give us a five-star rating and drop a review. We truly appreciate your feedback. If you're listening on Spotify, give us a follow and hit that notification bell to never miss a new episode. See you Friday. The Bible can be overwhelming. I mean, it's got 1,000, 189 chapters after all.
10:53 So where do you start for a deeper study? The courage for life, Bibles for Men and Women, will help you out. There's a four-part Bible study on every single page of text. That's 1,464 studies in one volume. So wherever you open it, you're pointed in the right direction. Each one highlights courage in action, built around the seven steps to courage and 82 profiles of bold believers. From Abraham to C.S. Lewis, Esther to Corey Tenbun.
11:25 Each edition is in the accurate, understandable, new living translation, and you can scan any page with the free filament app for 25,000 more notes. Get your copy today at the link in our show notes. Ever found yourself lying awake at night still thinking about that movie you watched days or weeks or even years ago? What if you could build your hands? faith through those moments. Credits is a podcast that helps you see the teachings of Jesus in the movies you love, looking at stories that resonate with us through a biblical lens, breaking down
12:02 major themes, and seeing what scripture has to say about them. Whether you're a movie buff like me or your kids own the remote, credits will help you engage with your faith through the movies you keep coming back to. Click the link in the show notes to follow and listen wherever you get your podcasts.
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