P.M. Edition for June 1. AI giant Anthropic has confidentially filed paperwork to go public, potentially as soon as this fall. WSJ Heard on the Street writer Asa Fitch discusses why it matters whether Anthropic or rival OpenAI make their stock market debut first. Plus, the Trump administration is signaling a retreat on its $1.8 billion “anti-weaponization” fund, which met powerful pushback from members of Congress. And the top two movies at the box office this weekend were horror films made by Gen Z filmmakers. We hear from Journal entertainment reporter Ben Fritz about whether this represents a new pathway for Hollywood hits. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices