Late-Night Deal to Fund DHS Averts Airport Crisis

Here is your morning brief for Friday, March 27, I'm Luke Vargas for the Wall Street Journal.

Republicans and Democrats in the Senate have reached a late-night deal to fund most of

the Department of Homeland Security through the end of the fiscal year, with the exception

of ICE and Border Patrol.

The agreement aims to end the crisis at airports nationwide, just as security workers were

set to miss another paycheck.

The House is expected to act quickly today to pass the legislation, which contains no

changes to immigration enforcement policy.

Anthropic has scored an early victory in its legal fight with the Pentagon.

After a federal judge issued an injunction against the Trump administration's designation

of the company as a supply chain risk and a ban on government use of its models.

Judge Rita Lynn of the Northern District of California said those measures appeared

designed to punish Anthropic in a standoff over military use of AI, and that the government

trampled free speech protections.

The government has signaled it would appeal an injunction.

And Elon Musk's SpaceX is expected to file paperwork with regulators for its highly anticipated

IPO in the coming days, targeting a mid-June market debut.

We report that the rocket and satellite company is expected to raise between $40 and

$80 billion, and that Musk aims to deliver a third or more of shares sold in the offering

to individual investors well above the typical 10%.

SpaceX is also planning to give preferential treatment to investors and Musk's other companies,

including Tesla, and to invite would-be investors to visit manufacturing facilities and possibly

witness rocket launches.

Asian stocks have ended the day mixed.

European stocks are down in mid-day trading, and US stocks are on pace for a lower open

in spite of President Trump's move to extend a pause on strikes against Iran's energy

sector.

And we've got a lot more coverage of the day's news on the WSJ's once news podcast.

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