Big names like Apple, Microsoft, JPMorgan, and Arm join the US AI Safety Institute. Arm adds $40 billion in market cap. Idiosyncratic stocks discussed. Greenlight Capital founder talks about broken markets. Philip Morris sees strong momentum in smoke-free sales.

Arm, a UK-based tech giant, is filing for a blockbuster IPO on the Nasdaq. S&P downgrades and cuts outlook for US banks. CEOs of Britain's biggest companies get a pay rise. Elon Musk reportedly spoke with Vladimir Putin. The podcast also discusses the theft of luxury watches and the implications of chip designer Arm filing for IPO in the US.