Wall Street Journal reports US Democratic Senator Wyden plans to push for an investigation and is advocating higher taxes on the wealthy.

Democrats winning control of the House and Senate after the US midterms reduced policy uncertainty and sent tech stocks higher on Wednesday: Amazon (AMZN.O) rose about 8% intraday, Google (GOOG.O) gained over 6%, Microsoft (MSFT.O) climbed more than 7%, Meta was up ~3% and Apple nearly 7%. JPMorgan Asset Management global chief strategist David Kelly said a Republican White House paired with a Democratic-controlled Congress could help ease growth and inflation pressures and lower market uncertainty. Separately, AI data center construction faces regulatory tightening: 40 of 41 local ballot measures were voted against data center development. Analysts say higher regulatory thresholds may reinforce the competitive advantage of large cloud providers, which have deeper balance sheets and established data-center build and operating capabilities, while emerging AI cloud players will be under greater pressure; CoreWeave (CRWV.O) fell about 10% on Wednesday. Macquarie analysts added that firms with ample capital, secured power supply and construction capacity are best positioned and that demand for AI infrastructure investment has not disappeared.

Kazakhstan's energy minister said Kazakhstan is awaiting a response from Russia on oil exports to Germany.