Anthropic sits atop a pyramid of business partners and suppliers, making it a barometer of the broader economy. Its initial public offering will have widespread implications.

President Trump’s novel deal-making is on display in upstate New York, where the administration is funneling Japanese funds into a government-owned chip factory.

© Cindy Schultz for The New York Times

America is figuring out the trick to reindustrialization, if it can learn the right lessons.