HTML entities are turned into their corresponding character for display.
Big old & in my results.
Screenshots

Ugh... I guess we messed something up when trying to fix some related encoding problems the other week.
Since this seems to be cause by my change, I fixed it - The issue was with double-encoding of html entities. I think that this should solve it
D54569-code
Deployed fix in r218631-wpcom
Can confirm that fixes the original issue ✅ Thanks for the patch @robfelty!

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Deployed fix in r218631-wpcom