德国10月IFO商业景气指数 90.2，预期90，前值89.9。

US 3-month Treasury auction Oct. 26: stop-out yield 4.05%, prior 4.10%.

AI developer Anthropic told investors in its S-1 that climate change and environmental issues are risk factors, citing the large power supply and infrastructure needed to operate. It warned the physical impacts of climate change could raise operating costs over time, saying higher average temperatures may increase electricity consumption and water use for equipment cooling. Anthropic also noted heightened scrutiny from advocacy groups, communities, regulators and investors, and that some U.S. states are considering moratoria on new data centers to assess environmental and power-price impacts — opposition that could harm the company’s reputation. The disclosure contrasts with SpaceX’s S-1, which initially omitted climate risk and was later amended to add water scarcity as a risk factor.