- Akamai and Anthropic signed an $11.6 billion multiyear agreement, adding to a prior $1.8 billion deal for a total $13.4 billion over seven years.
- The agreement includes an option for Anthropic to expand by up to an additional $9 billion.
- Akamai shares jumped 13% premarket.
- Costco membership growth slowed to 3.8%, eight straight quarters of deceleration.
- Truist cut Costco price target to $955 from $1,011.
- BofA downgraded Nike to underperform, cut target to $30 from $47.
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