A daily market update from FS Insight — what you need to know ahead of opening bell

"Some rise by sin, and some by virtue fall." — William Shakespeare

Overnight

Daniel Kahneman, Nobel-winning pioneer of behavioral economics, dies at 90 (WSJ)

Joe Lieberman, longtime U.S. Senator and Vice-Presidential candidate, dies at 82 (WSJ)

Court rules Coinbase engaged in unregistered sales of securities; win for SEC (CNBC)

Amazon plows $2.75B into AI startup Anthropic in its largest venture investment yet (BBG)

S&P 500 on track to have fifth straight month of gains (YF)

Yen hits 34-year low during Wednesday trading (BBG)

Lower-income consumers ordering less fast food, making fewer restaurant trips (RT)

Study finds Novo's Ozempic diabetes drug can be made for under $5 (BBG)

Crude stockpiles build more than expected at 3.2M barrels (RT)

Redwheel Global Horizon undergoes overhaul following $2.7bn in outflows, retirement of founding portfolio manager Louise Keeling (IW)

Saudi Arabia controversially elected chair of U.N. forum for women’s rights (Semafor)

Papercup, an AI dubbing company, inks a deal with World Poker to replace human dubbing (BroadcastNow)

Home Depot buys roofing distributor in deal valued at $18 billion incl...

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