Italy August producer price index (PPI) MoM +3.1% vs 3.0% prior.

Nvidia CEO Jensen Huang, Anthropic CEO Dario Amodei and Palantir CEO Alex Karp will attend a Tuesday lunch with President Trump and House Speaker Mike Johnson to discuss AI risks; OpenAI president Greg Brockman is also expected. Amodei met Trump on Sunday and Senate Majority Leader John Thune on Monday. Amodei and other industry figures have urged slowing advanced AI development to address risks. Johnson said Congress 'may' need an AI regulatory framework but legislation will take time; near-term passage is unlikely as the House is recessed until after the midterms and the Senate plans a pre-election recess later this week.

The FT reports NVIDIA (NVDA.O) is in talks with insurance firms to shift part of the financing risk for its capital-intensive AI chips to insurers and other investors. Sources say NVIDIA is studying structures including insurance for lenders that finance emerging cloud providers: if a borrower defaults and repossessed NVIDIA chips cannot be resold for sufficient proceeds, the insurance would cover part of the loss. CEO Jensen Huang is pushing to broaden semiconductor demand beyond large tech customers. Discussions are at an early stage and may not lead to transactions. If implemented, insurance-backed financing could unlock capital for startups lacking big-tech balance-sheet support and expand NVIDIA’s customer base.