S&P 500 decline narrowed to 0.5% from as much as 0.8%. Nasdaq down 0.8%, Dow down 0.2%.

Kioxia Holdings Corp is weighing a US listing via American depositary receipts (ADR) to raise at least $10bn, people familiar with the matter said. The Tokyo-based memory-chip maker has held talks with BofA, Goldman Sachs and JP Morgan about a possible IPO next year; an ADR would increase US liquidity after several-billion-dollar buybacks in Japan and could make Kioxia eligible for inclusion in a semiconductor-focused index. Plans are preliminary and deal size and lead banks may change, the people said.

Tempus founder and CEO Eric Lefkofsky told media on Monday he supports Anthropic’s call to slow AI development, saying current models’ ability to self-train and self-improve makes it plausible a system could “get out of control.” He cited safety and capital-efficiency reasons, praised Anthropic, OpenAI and SpaceX for their healthcare work, and downplayed concerns that the U.S. would fall behind if major firms cut investment. He added that reducing speed “from 100 mph to 70 mph” posed no real risk and he did not expect other countries to overtake the U.S.