8 AM Briefing | Starbucks China responds to "purchase required to sit" policy; Anthropic posts $80.7 billion net loss for the first half; Uniqlo Japan announces price increases

Anthropic's draft prospectus shows a net loss of $80.7 billion for the first half of its fiscal year, far exceeding the $13 billion net loss in the same period last year, with $72 billion of that coming from accounting charges related to changes in the value of convertible notes and other instruments. Compute and infrastructure spending in the first half reached nearly $9 billion, already exceeding the $7.3 billion spent in all of 2025, and the company may spend another $750 billion on compute over the coming years.