What You Need to Know Today:

U.S. equities declined sharply Thursday, reversing Wednesday’s post-election rally as investors continued selling technology stocks amid concerns that Democratic gains in the midterm elections could slow investment in artificial intelligence and data center development. Democrats are expected to hold hearings and pursue legislation aimed at repealing certain tariffs imposed by President Trump, particularly those on Canadian imports. However, the party lacks the congressional votes needed to override a presidential veto, limiting its ability to reverse existing tariffs. Trump is also expected to continue pursuing additional tariffs under existing executive trade authorities. China indicated that additional...