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

“Champions keep playing until they get it right.” — Billy Jean King

Over the Weekend

Democratic Rep. Henry Cuellar and wife indicted on bribery charges tied to Azerbaijan (Semafor)

Spotify is moving lyrics behind a paywall in a likely bid to lure subscribers to its rumored Hi-Fi tier (TR)

FTC to recommend potential criminal case against ex-Pioneer CEO for his comments to Texas rivals suggesting they coordinate ways to drill less oil (Semafor)

U.S. security officials are nervous about China’s plans to build floating nuclear power plants in the South China Sea to power its military installations there (WP)

South Korea has approved 60+ new R&D projects, including an AI accelerator for advanced chips to take on Nvidia, part of a $1.5 billion high-tech push (BK)

Herbert Hunt – billionaire who lost all through silver and made it back in oil, gas, and real estate – the inspiration for ‘Trading Places’, dies at 95 (WSJ)

FuboTV’s stock dives as excessively high licensing costs led to loss of content (MW)

Self-driving technology company Luminar lays off 20% of its workforce (Barron’s)

Boeing’s long-...

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