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

“Sometimes letting things go is an act of far greater power than defending or hanging on.” — Eckhart Tolle

Overnight

Morgan Stanley’s wealth arm probed by multiple federal regulators (WSJ)

Ford recalls nearly 43,000 SUVs due to gas leaks that can cause fires, but remedy won’t fix leaks (CNBC)

Bond traders are preparing for a 5% yield, no-rate-cut world (BBG)

Verod-Kepple Africa Ventures raised $60 million for its first fund, which will see it invest in 21 growth-stage companies (Semafor)

CarMax gets slammed by high rates, tight used-car supply (WSJ)

Boeing reveals executives got an extra $500,000 in private jet perks (WSJ)

Vietnamese property tycoon sentenced to death over $12 billion fraud (FT)

O.J. Simpson, whose murder trial spurred debate over race and criminal justice, is dead at 76 (WSJ)

Norway's $1.3T SWF CEO’s podcast is making a killing (WSJ)

UnitedHealth chair, executives sold $102 million in stock before U.S. probe became public (BBG)

Hedge fund takes on shipping magnates over oil tanker deal (FT)

Managers to shut or convert $220 billion of U.S. money market funds before rule change (FT)

Grant Thornton retirees esc...

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