Unintended Consequences

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

"The law of unintended consequences is the only real law of history." — Niall Ferguson

Over the Holiday

Keir Starmer becomes Britain’s new PM after Labour wins a historic majority of 170+ seats FT

The U.K.’s general election on Thursday was a chance for 144,000 Hong Kongers to flex their electoral muscle under a new visa scheme Semafor

Iran holds runoff presidential vote pitting hardline former negotiator against reformist lawmaker TH

A geothermal energy startup signed a deal to provide power for the equivalent of 350,000 homes in Southern California Semafor

High-speed rail from L.A. to Bay Area wins final environmental approval BB

SoftBank’s $10 billion-plus plan to get into the AI race centers on power and chips TI

Amazon to build $1.3 billion top-secret cloud for Australia’s government WSJ

Smith & Nephew shares surge as activist Cevian Capital reveals 5% stake MW

Investor group raises Macy’s buyout offer, again WSJ

Saks owner to buy Neiman Marcus, with help from Amazon WSJ

Wages are rising at small firms, but employment isn’t WSJ

The FTC loses in court again, this time on non-competes WSJ

India’s ‘passion for gold...
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