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

"Here's a news flash for the fools out there: if you don't build any stuff, there is no stuff." – Elon Musk

Overnight

The cat is in the bag box: physicists capture a clear image of individual atoms transforming into quantum waves, just as Schrödinger predicted (LS)

FOMC holds interest rates steady (Barron’s)

U.S. and Saudi Arabia said to be near historic pact (BBG)

Exxon to close $60 billion takeover; Pioneer CEO to be barred from Exxon board in deal with FTC (WSJ)

U.S. crude oil inventories post big build amid lower refinery runs (WSJ)

Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S. (CNBC)

Eight newspaper publishers sue Microsoft and OpenAI over copyright infringement (CNBC)

Senate passes the Russian Uranium Import Ban, sending it to Biden (BBG)

Cruise operator Viking’s IPO values company at $10.36 billion to mark biggest deal of year (MW)

AI cloud computing startup CoreWeave valued at $19 billion in new funding round (WSJ)

Goldman promotes partner to senior deal role (WSJ)

RSMR awards rating to £300m AXA Global Short Duration Bond fund, calling it a 'low-risk' income solution fo...

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