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# Evening Scan
- URL: https://adjacent.media/scan/2026-06-17-pm/
- Published: 2026-06-17T23:07:07.000Z
- Updated: 2026-06-17T23:07:07.000Z
- Description: The day’s big macro story was the Fed — rates on hold, as expected, at Kevin Warsh’s debut meeting. Less expected: the Anthropic–White House standoff kept generating heat, with Congress now publicly annoyed it wasn’t looped in.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

The day's big macro story was the Fed — rates on hold, as expected, at Kevin Warsh's debut meeting. Less expected: the Anthropic–White House standoff kept generating heat, with Congress now publicly annoyed it wasn't looped in.

> **$3.7B** — OpenAI's Q1 cash burn, against $5.7B in revenue over the same period. *(The Information via The Next Web)*

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#### [Congress Wasn't Briefed on the White House's Anthropic Move — Including the Senator Who Oversees AI Policy](https://www.politico.com/news/2026/06/16/white-houses-anthropic-move-jolts-congress-back-into-the-ai-debate-00964614?ref=adjacent.media) (paywall)

Ted Cruz chairs the commerce committee with jurisdiction over AI policy and learned about the Fable 5 executive order the same way everyone else did. *(Politico)*

#### [OpenAI Burned $3.7B in Q1 — More Than Half Its $5.7B in Revenue](https://thenextweb.com/news/openai-burned-3-7-billion-q1-2026?ref=adjacent.media)

The gap between revenue and spending is narrowing, but "burning more than half of what you make" still reads as a difficult proposition. *(The Next Web)*

#### [Amazon Faces Potential FTC Lawsuit Over Advertiser Deception — With Billions in Civil Penalties on the Table](https://www.bloomberg.com/news/articles/2026-06-16/amazon-faces-billions-in-penalties-from-potential-ftc-ad-suit?ref=adjacent.media) (paywall)

Multiple state AGs are involved, which suggests this isn't a quick settlement play. *(Bloomberg)*

#### [What to Watch at the Fed's June Meeting](https://www.nytimes.com/2026/06/17/business/federal-reserve-meeting-warsh.html?ref=adjacent.media) (paywall)

Rates are on hold, but Warsh's first meeting as chair makes it worth watching for tone rather than outcome. *(New York Times)*