Business & Media Markets

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> US stock markets close higher (S&P 500 +1.8%, Dow +1.9%, Nasdaq +2.5%) after President Donald Trump calls off Iran strikes

> US wholesale prices rise 1.1% in May, putting annual rate at 6.5%, the highest since November 2022 (More) | European Central Bank raises interest rates for first time since 2023 amid Iran war, becomes first major central bank to do so (More)

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🔭 Winning the future

Illustration: Sarah Grillo/Axios

The Wall Street Journal named a "Best Companies For the Future" list, based on factors that include AI readiness, talent, innovation, financial strength and resilience. The top 10: Nvidia. Alphabet. Microsoft. Meta. Cisco Systems. Salesforce. Mastercard. Amazon. Adobe. Intuit. Browse the full list ... How the companies were picked (gift link).

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🚀 Extraterrestrial data centers

Illustration: Brendan Lynch/Axios

With data center protests gaining momentum on Earth, Elon Musk, Jeff Bezos and others have been eyeing outer space — with its ready supply of unimpeded solar energy — as the next frontier, Axios' Ina Fried reports. Tech giants like SpaceX and Google as well as some startups are already working on launching data centers into space. How it works: In a report this week, real estate research firm JLL says it sees space as particularly suited to energy-intensive, but less urgent tasks. Data centers on the ground could handle real-time computing work while those in space tackle training AI models. Keep reading.

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U.S. blocks top Anthropic models

When you use Claude this morning, it tells you: "Claude Fable 5 is currently unavailable." Here's the backstory, as scooped last night by Axios' Alex Isenstadt and Maria Curi:

The Trump administration is blocking foreign governments, companies and individuals from accessing Anthropic's most advanced AI models.

• The company promptly took the model down for everyone, just two days after releasing it with great fanfare.

Why it matters: The move marks an escalation in Washington's effort to treat cutting-edge AI systems as national security assets. Anthropic is on a Pentagon blacklist deeming it too dangerous for the government's own use, and in a Commerce Department licensing regime calling it too dangerous for foreign use.

Commerce Secretary Howard Lutnick sent a letter to Anthropic CEO Dario Amodei yesterday saying that the Mythos 5 and Fable 5 models would be subject to export controls to any location outside of the U.S. and to all foreign persons within the country.

• An administration official told Axios the Commerce Department decided to take the action after another company claimed it was able to jailbreak Mythos, alarming the administration about possible national security risks.

⏸️ The administration tried to get Anthropic to pause releasing the latest models but was unsuccessful, the official said, prompting the export control letter.

• The model needs to remain locked down until the U.S. government's national security apparatus is hardened, the official said, adding that could happen in the next few weeks.

Keep reading.