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   DealBook: A.I. diplomacy shakes up the Gulf
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            <p style="width:100%;margin-bottom:0;font:12px/12px georgia,serif">
             April 16, 2024
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          Good morning. Just in: Bank of America
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         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-style:italic">
          reported
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         <span style="font-style:italic">
          first-quarter profits that beat expectations, helped by a surge in trading revenues and net interest income. We also examine a major A.I. deal brokered by the Biden administration; follow the campaign-finance money; and analyze a possible antitrust fight against Live Nation. (Was this newsletter forwarded to you?
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          Sign up here.
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          )
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            <span style="color:#666;font:normal 14px georgia,serif">
             Gina Raimondo, the commerce secretary, makes clear the rules around advanced tech: “You cannot be both in China’s camp and our camp.”
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            <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em">
             Leon Neal/Pool, via Reuters
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        <h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          An A.I. deal as a diplomatic weapon
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          A relatively small deal — by Microsoft’s standards, anyway — is leading to big geopolitical ripples this morning.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          The tech giant is investing $1.5 billion in G42
         </a>
         <span>
          , an Emirati artificial intelligence company. On its face, that may appear to be just another effort by the tech giant to claim a foothold in a fast-growing A.I. company, as it has done with OpenAI and others.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          But details of the transaction reflect a collaboration between the Biden administration and Microsoft to box Beijing out of tech influence in the Gulf, as the U.S. and China compete for A.I. superiority.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The terms of the deal:
         </span>
         <span>
          G42 will be able to sell Microsoft services that use powerful A.I. chips; in return, it will use Microsoft’s Azure cloud services for its A.I. offerings.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          More important, G42 agreed to strip out equipment from Chinese companies like Huawei from its systems, eliminating what U.S. officials worry could be a potential backdoor for Chinese intelligence agencies.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          It’s meant to bring an influential A.I. company into America’s orbit.
         </span>
         <span>
          G42 is seen as an increasingly important player in the Gulf and beyond: Its chairman is Sheikh Tahnoon bin Zayed, the Emirates’ top security official and a brother of the country’s ruler, and it has struck a number of high-profile business partnerships. Peng Xiao, the company’s C.E.O.,
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          was previously associated with DarkMatter
         </a>
         <span>
          , an Emirati spyware company that had employed former spies.
         </span>
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         <span>
          But G42 has had deep relationships with Huawei and other Chinese companies that
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          U.S. officials feared
         </a>
         <span>
          could give Beijing access to advanced technology, Americans’ data and more. (At one point, Biden officials raised the prospect of sanctions on G42.) More broadly, Washington leaders have been worried about Middle Eastern countries playing the U.S. and China off each other.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          Over the past year, G42 has
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          bowed to pressure
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         <span>
          from Washington, agreeing to steps like divesting its stake in ByteDance, the owner of TikTok. “When it comes to emerging technology, you cannot be both in China’s camp and our camp,” Gina Raimondo, the commerce secretary and a lead negotiator in talks with G42, told The Times.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The investment is a collaboration between business and Washington.
         </span>
         <span>
          It arose out of dialogue between U.S. officials and tech executives last year over how to encourage business transactions that deepened American interests in important regions and technologies. As part of the deal, Brad Smith, Microsoft’s president and top diplomat, will join G42’s board, and his company will be able to audit G42’s use of its technology.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          “The U.S. is quite naturally concerned that the most important technology is guarded by a trusted U.S. company,” Smith told The Times. Raimondo added that Washington officials were “comfortable that this agreement is consistent with our values.”
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          There are benefits to Microsoft as well.
         </span>
         <span>
          The company gains a stake in yet another promising A.I. company, as it seeks
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          supremacy over the technology
         </a>
         <span>
          . (Some of those investments, however, are being scrutinized by
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Washington antitrust regulators
         </a>
         <span>
          .) And it will acquire a foothold to reach more customers, particularly those in
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Middle Eastern countries
         </a>
         <span>
          eager to spend billions on A.I.
         </span>
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             <span>
              HERE’S WHAT’S HAPPENING
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         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          A long-awaited House vote for Israel and Ukraine aid could come this week.
         </span>
         <span>
          Speaker Mike Johnson said lawmakers would
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         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          vote on three bills
         </a>
         <span>
          that together mirror a $95 billion Senate package, along with a separate measure meant to placate Republican colleagues. But the legislation’s fate is uncertain, as hard-line Republicans oppose funding for Ukraine, while some left-wing Democrats question unfettered aid to Israel.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          China’s economy rebounds, beating analysts’ estimates.
         </span>
         <span>
          The
         </span>
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         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          surprise 1.6 percent first-quarter G.D.P. gain
         </a>
         <span>
          was helped by strong factory output, as the country’s big investment in manufacturing appears to be paying off. But the world’s second-biggest economy is still suffering from uneven consumer spending, disinflation and a slowdown in its real sector that could hamper growth this year.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Shares in Trump Media sink again.
         </span>
         <span>
          They
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          fell 18 percent yesterday
         </a>
         <span>
          and more than 60 percent since late March, erasing billions from Donald Trump’s paper wealth. The most recent plunge came after the company registered for the potential sale of millions of new shares, spooking some investors. Meanwhile, the Supreme Court will
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          hear arguments today
         </a>
         <span>
          that could be key to the former president’s defense in a case tied to his role in the 2021 Capitol attack.
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        <h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          Where megadonors are spending their money
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          As the
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          race for the White House
         </a>
         <span>
          tightens and control of Congress remains up for grabs, big-name donors poured millions into key races nationwide.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Democrats started the year with
         </span>
         <a class="css-sdwaa1" style="-webkit-text-decoration:underline;text-decoration:underline;font-weight:700;font-family:arial,sans-serif;color:#000">
          a fund-raising lead
         </a>
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          .
         </span>
         <span>
          But in the past quarter, Republican campaigns and causes have racked up huge donations from wealthy backers as voters prepare for a rematch between President Biden and Donald Trump. A major Trump funding committee said it raised
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          more than $23 million
         </a>
         <span>
          , with support from Kelly Loeffler, a Republican former senator of Georgia, and John Paulson, a billionaire investor.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          DealBook combed through the latest quarterly filings with the Federal Election Commission, which were due at midnight. Here’s where the big names put their money:
         </span>
        </p>
        <div style="margin:0 auto;max-width:600px;width:100%">
         <table>
          <tbody>
           <tr>
            <td style="padding:0 0 5px">
             <ul class="css-9m6grc" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                Ken Griffin, $32 million.
               </span>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                The
               </span>
               <span style="font-size:17px;line-height:25px;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
               </span>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                Citadel founder and Republican megadonor
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                gave millions
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                to Nikki Haley’s presidential campaign. Elsewhere, he spread $11.5 million between Senate and House Republicans, and $10 million to Maryland’s Future, a fund expected to back the Senate bid of former Gov.
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                Larry Hogan
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                of Maryland, a Republican. He also gave $5 million to a fund that backs conservative veterans and $2.5 million to a Midwest Republican group.
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                Timothy Mellon, $19 million:
               </span>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                An heir to Thomas Mellon’s banking fortune has given $5 million to a fund for Robert F. Kennedy Jr., who is running as an independent, and $5 million to a Trump fund this quarter, as well as gave $5 million to House Republicans and $4 million to a Heritage Foundation fund.
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                Jeff Yass, $17.9 million:
               </span>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                The billionaire investor is the largest individual donor this federal election cycle,
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                giving more than $46 million
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                , according to OpenSecrets. This past quarter, he shelled out $8 million to a
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                fund tied to Senator Rand Paul,
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                Republican of Kentucky, $6.9 million to school choice funds and $3 million to a Pennsylvania-focused fund. Speculation is high that Yass, whose Susquehanna International Group
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                has stakes in TikTok’s parent, ByteDance
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                and in Trump’s social media company, could also emerge as a big Trump backer.
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                Isaac and Laura Perlmutter, $10 million:
               </span>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                The former C.E.O. of Marvel, who teamed with the activist investor Nelson Peltz in an unsuccessful Disney proxy battle, and his wife, each gave $5 million last month to a
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                new fund supporting Trump
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                .
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle;font-weight:700;font-family:arial,sans-serif;color:#000">
                Cameron and Tyler Winklevoss, $4.9 million:
               </span>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                The twin founders of the crypto exchange Gemini each
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                gave $2.45 million to Fairshake
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                , a super PAC that seeks to bolster the electoral chances of crypto-friendly candidates. Fairshake and its allies raised
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                about $80 million
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                last year and have spent money against candidates seen as unfriendly to the sector, like Representative Katie Porter, Democrat of California, whose Senate bid failed last month, and
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                Senators Elizabeth Warren of Massachusetts
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                and
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                Sherrod Brown of Ohio,
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                both Democrats, banking committee members and thorns in the industry’s side.
               </span>
              </li>
             </ul>
            </td>
           </tr>
          </tbody>
         </table>
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        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Up next:
         </span>
         <span>
          Donors who contributed directly to a presidential candidate (rather than through joint fund-raising committees or super PACs) last quarter face a separate disclosure deadline this weekend.
         </span>
        </p>
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        <h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          “My plans are to be a recess monitor for my second grade daughter, practice my violin, go to a bunch of bucket list sporting events and take my very patient wife on some long intended travel.”
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-style:italic">
          —
         </span>
         <span>
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-style:italic">
          Rohan Patel
         </a>
         <span style="font-style:italic">
          , Tesla’s outgoing head of policy and business development. He is one of two top executives to depart the electric vehicle maker as it announced roughly 14,000 layoffs yesterday, amid a sector-wide slowdown in sales that has knocked billions off the company’s market capitalization.
         </span>
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           <td style="text-align:center">
            <img alt="Taylor Swift in a sparkly leotard and sparkly boots holding a microphone and walking on a stage." class="css-19kyn6d" height="355" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2024%252F04%252F16%252Fmultimedia%252F16db-swift-hkbt%252F16db-swift-hkbt-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSIsInRpbWUiOjE3MTMyNjg0MjYuODY4MDk0Mn0:1rwhNi:L6SFFb3xoxw89aQFW7jV9X0lkKoaLRVJRFKaevrAMEs" style="display:inline-block;width:83%;max-width:500px;height:auto;padding-top:15px;padding-bottom:0;line-height:0" width="500"/>
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            <span class="css-14c9rv6" style="width:83%;max-width:500px;display:inline-block;text-align:left">
             <span class="css-9ddn05" style="color:#666;font:normal 12px georgia,serif">
              Some Taylor Swift fans most likely won’t forget Live Nation’s role in a 2022 ticketing fiasco.
             </span>
             <span style="margin:0;font:11px/11px georgia,serif;color:#888;letter-spacing:.01em;padding-left:5px">
              Kim Kyung-Hoon/Reuters
             </span>
            </span>
           </td>
          </tr>
         </tbody>
        </table>
        <h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
         <span>
          A big antitrust fight may loom over Live Nation
         </span>
        </h2>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          After taking on big deals and tech giants, the Biden administration’s antitrust enforcers are said to be preparing their next big fight: Live Nation, the parent company of Ticketmaster, whose lock on concert tickets and promotion faced renewed scrutiny after a Taylor Swift ticket debacle in 2022.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          If the Justice Department sues
         </a>
         <span>
          , as The Wall Street Journal reports it is preparing to, it would cap years of scrutiny. Its stock fell nearly 7 percent in premarket trading this morning.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Live Nation has long faced complaints about its practices,
         </span>
         <span>
          including high ticket prices, poor customer service and anticompetitive tactics. Ticketmaster now controls more than 70 percent of the market for primary ticket sales at America’s biggest event venues, with exclusive contracts at many of them.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          While Ticketmaster has been
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          criticized for decades
         </a>
         <span>
          , its 2010 merger with Live Nation — a combination approved by the Justice Department under the Obama administration — raised concerns to a new level.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          The latest inquiry began in 2022,
         </span>
         <span>
          when the Justice Department began examining whether Live Nation was exerting an illegal monopoly over the live music industry. The debacle involving ticket sales for Swift’s Eras Tour increased scrutiny, which led to a
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          Senate Judiciary Committee hearing
         </a>
         <span>
          at which Democrats and Republicans alike sharply criticized the company.
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span style="font-weight:700;font-family:arial,sans-serif;color:#000">
          Live Nation has argued for years that it isn’t breaking the law,
         </span>
         <span>
          saying that it faces more competition in ticket sales than ever. Last year, the company agreed to
         </span>
         <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline">
          introduce more transparency
         </a>
         <span>
          into the fees that get tacked onto tickets, as part of the Biden administration’s fight against what it calls “junk fees.”
         </span>
        </p>
        <p style="font:normal 17px/25px georgia,serif;color:#333;margin:0 0 15px">
         <span>
          The company is still operating under a legal settlement with the Justice Department as a condition of the 2010 merger that forbids it from threatening venues from losing access to its tours if they opt for alternative ticketing providers.
         </span>
        </p>
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              THE SPEED READ
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          Deals
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        <div style="margin:0 auto;max-width:600px;width:100%">
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             <ul class="css-9m6grc" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                Andreessen Horowitz
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                , the prominent venture capital firm, closed its latest investment funds at $7.2 billion. (Axios)
               </span>
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              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                International Paper agreed to
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                buy DS Smith
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                , a British maker of packaging material, for $7.2 billion, edging out a rival bidder. (Reuters)
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          Policy
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             <ul class="css-9m6grc" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                Former TikTok employees said that some of the platform’s operations were
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                closely linked to ByteDance
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                , its Chinese parent company, despite assertions to the contrary. (Fortune)
               </span>
              </li>
              <li style="margin:0 0 10px 0;line-height:27.5px">
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                The Senate Finance Committee
               </span>
               <a class="css-sdwaa1" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-size:17px;line-height:25px;vertical-align:middle">
                questioned Bank of America
               </a>
               <span style="font-size:17px;line-height:25px;vertical-align:middle">
                about $158 million worth of payments it processed that had been made by the private equity mogul Leon Black to Jeffrey Epstein, the registered sex offender. (NYT)
               </span>
              </li>
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          Best of the rest
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