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

“I don’t want to stay in the bad place, where no one believes in silver linings or love or happy endings.” — Matthew Quick

Overnight

Iran’s President Ebrahim Raisi killed in a helicopter crash on Sunday, along with foreign minister (NYT)

Taiwan is inaugurating Lai Ching-te as the island’s president today (Semafor)

China attempts to end property crisis with broad rescue package (BBG)

Nickel futures jumped 7% to its highest in nine months amid political violence in New Caledonia (Euractiv)

Microsoft offers cloud customers AMD alternative to Nvidia AI processors (RT)

Mercedes workers at Alabama plant reject unionization in setback for UAW (WSJ)

Expedia ousts CTO and senior engineering leader for policy violation (TI)

RedBird banks $4.7 billion for dealmaking (WSJ)

Russia launched research spacecraft for antisatellite nuclear weapon two years ago, U.S. officials say (WSJ)

ECB pressures banks to speed up Russia exits on fear of U.S. action (FT)

Russia freezes Deutsche Bank, Commerzbank and UniCredit assets (BBG)

GameStop to sell up to 45mn new shares after latest ‘meme stock’ rally (FT)

OpenAI safety leader exits after reachin...

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