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Banks and AI help US stocks rally. Xi comments on climate.

Vehicles travel on a road shrouded in smog during a sandstorm warning in Beijing, China, on Thursday, April 13, 2023. 

Bloomberg

Hope on Wall Street. China’s emissions. Costly AI. Here’s what you need to know today.

After more than a year in the dealmaking doldrums, Wall Street giants are finally seeing signs of life in their capital-markets businesses.