'Succession' season 4, episode 7, 'Tailgate Party'

On the eve of the presidential election, Tom and Shiv host what was supposed to be Logan's party, but little goes as planned. Roman and Kendall identify a potential weakness that could crush Matsson's dreams of acquiring Waystar, Connor and Willa ponder an intriguing opportunity to leverage his tiny political following, and Shiv and Tom find that their reunion in L.A. didn't solve as much as they thought.

There are a bunch of stories going on in this episode in which various characters are trying to accomplish various things, and then there's one emotional blockbuster, so let's do the other stuff first and we'll get to that balcony scene — and it's not the romantic kind.

Let's go regulatory

Kendall and Roman have realized that the stock bump from Living+ that they hoped would make Waystar too expensive for Matsson to acquire isn't going to be enough. Therefore, they've moved on to a plan to "go regulatory," by which they mean "accomplish our business goals by pretending briefly to be interested in the ways this deal might affect the regular human beings the government is