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<h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
What does Blinken’s visit to China mean for business?
</h2>
</td>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Worries about China’s economic recovery sent stocks and U.S. futures lower this morning, despite a
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
promising meeting
</a>
yesterday between the country’s top leader, Xi Jinping, and Secretary of State Antony Blinken in Beijing.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
The discussions raised hopes that the world’s two biggest economies might stabilize relations, but the market reaction points at the deeper challenges for policymakers and business.
</p>
</td>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
The mood music was positive.
</span>
Xi said the two sides had “made progress” and President Biden told reporters in California that Blinken had done “a hell of a job.” But that just talking generated such excitement is a sign of how tense relations have become. There was no agreement or detail on the most contentious issues: restrictions on Chinese access to advanced technologies; accusations that the U.S. and its allies want to contain Beijing’s ambitions; Taiwan; the war in Ukraine.
</p>
</td>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
“Distrust remains high,”
</span>
said Noah Barkin, a specialist on China relations at the research firm Rhodium Group. “For international investors, this is not enough to trigger any sort of rethink with regard to the Chinese market.”
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
</span>
The Biden administration, he said, would continue screening strategic investments into China and Beijing showed no signs of easing pressure on foreign firms operating in the country.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Business is de-risking rather than decoupling.
</span>
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Raytheon
</a>
’s C.E.O., Greg Hayes, said it was “impossible” to break away entirely from China because of the complexity of supply chains and the level of U.S. trade with the country, while the pharmaceutical giant
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
AstraZeneca
</a>
is reportedly looking to spin off its China unit, according to The Financial Times.
</p>
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Continue reading the main story
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A MESSAGE FROM
<!-- -->
Ericsson
</h3>
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<p style="font:700 20px/28px georgia,serif;color:#121212;margin:0 0 4px">
Efficient mobile networks key to achieve Net Zero
</p>
<p style="font:16px/22px georgia,serif;color:#121212;margin:0 0 19px">
As we move towards 2025, Ericsson believes it is possible to scale up 5G, with all the economic promise and digital transformation it brings — while simultaneously managing total network energy consumption. Energy efficient networks will be an important tool for achieving ambitious climate goals and a Net Zero future.
</p>
<p style="font:700 10px/10px arial,sans-serif;text-transform:uppercase;-webkit-text-decoration:underline;text-decoration:underline;color:#5a5a5a;margin:0 0 20px">
Learn More
</p>
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</a>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
China has big domestic concerns, too.
</span>
The country’s central bank
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
cut its prime lending rate
</a>
today and Goldman Sachs lowered its growth outlook for the country over the weekend. “For business, the issue is not so much China-U.S. relations per se, but the very worrying state of the Chinese economy at present. Awareness of how challenged that is was probably one of the main issues that created a more communicative China, one that is willing to show just a bit of compromise at the moment,” said Kerry Brown, a professor of Chinese studies at King’s College London and a former British diplomat in Beijing.
</p>
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</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Yu Jie, a China expert at Chatham House, a British think-tank, added that Xi still hoped “that Western business could be part of his plan to generate much-needed growth and employment.”
</p>
</td>
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</tbody>
</table>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
What to watch next?
</span>
China’s premier, Li Qiang, landed in Germany this week to start a European trip, his first overseas since becoming his country’s second most senior leader earlier this year. China is Germany’s biggest trading partner and, along with France, where Li will travel later this week, a U.S. ally that is trying to find a different path for its relations with Beijing and Washington.
</p>
</td>
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</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
And for a view of how the Biden administration is trying to woo allies, in part to counter China: India’s prime minister, Narendra Modi, will travel to Washington on a state visit this week.
</p>
</td>
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</tbody>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
In other China news:
</span>
</p>
</td>
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</tbody>
</table>
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<span style="font-size:17px;line-height:25px">
Alibaba’s Hong Kong-listed shares closed 1.5 percent lower after the e-commerce giant announced that
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Daniel Zhang
</a>
would step down as C.E.O. and chairman. Earlier this year, the company said it would split into six divisions.
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Beijing is reportedly
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
planning to build a military training facility
</a>
in Cuba, according to The Wall Street Journal, sparking alarm in Washington that Chinese troops could be stationed 100 miles off the coast of Florida.
</span>
</li>
</ul>
</td>
</tr>
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HERE’S WHAT’S HAPPENING
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More light is shed on Jeffrey Epstein’s ties to Jes Staley and JPMorgan Chase.
</span>
A 22-page document summarized emails between the convicted sex offender and Staley, the former JPMorgan executive who was his primary contact at the bank, showing how Epstein
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
advised Staley on a number of issues
</a>
, including meetings with Chinese officials and deals. JPMorgan has held Staley responsible for maintaining the firm’s ties to Epstein.
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Adobe’s $20 billion takeover bid for Figma reportedly faces E.U. scrutiny.
</span>
European antitrust regulators are preparing to
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
begin a formal investigation
</a>
into the deal, according to The Financial Times. (Figma is a rival to Adobe in cloud-based design software.) The transaction has already drawn skepticism from American and British regulators.
</p>
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Lazard is said to have discussed a sale with an Abu Dhabi sovereign wealth fund.
</span>
The investment bank
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
held talks earlier this year with ADQ
</a>
, a state-funded vehicle, The Financial Times reports. The talks, which are no longer active, reflect the ambitions of deep-pocketed Middle Eastern investors seeking to diversify their countries’ economies beyond oil.
</p>
</td>
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Berkshire Hathaway doubles down on Japan.
</span>
The conglomerate run by Warren Buffett disclosed yesterday that it has bought more shares
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
in Japan’s five biggest trading firms
</a>
, and suggested that it may go further. Nikkei-listed stocks have outperformed the S&P 500 and most other large indexes this year, thanks to investor enthusiasm over Japan’s economic recovery.
</p>
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The stakes of the submersible rescue effort
</h2>
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Rescuers are still
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
searching for a submersible
</a>
that disappeared near the wreckage of the Titanic on Sunday, racing against time to find the vessel in the vastness of the sea.
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The submersible’s disappearance is a reminder of the risks associated with the extreme tourism business — especially as space exploration companies like Virgin Galactic and Jeff Bezos’s Blue Origin take flight.
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Time is ticking.
</span>
Coast Guard officials estimated that the Titan submersible, which disappeared Sunday morning, theoretically had between 70 to 96 hours of air as of late yesterday afternoon. (That is, if its hull is intact.) Among the five people on board are Hamish Harding, a wealthy British adventurer and aviation executive, and Paul Henry Nargeolet, a French expert on the Titanic.
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
American and Canadian aircraft, as well as commercial vessels, were looking for the Titan, while sonar buoys had been deployed. But
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
here’s a good explainer
</a>
about how difficult it may be to find the vehicle and rescue its occupants.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
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<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
The business of exploring the extremes is booming.
</span>
OceanGate Expeditions, which operates the Titan, has been
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
charging up to $250,000
</a>
a seat since 2021 to tour the undersea remains of the Titanic.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
While well-heeled vacationers have long paid to take glamorous risks — hiking up Mount Everest or swimming with great whites — the most wealthy have increasingly flocked to the frontiers offered by space travel. Richard Branson’s Virgin Galactic (not to be confused with the failed Virgin Orbit) is selling tickets for suborbital flight for
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
$450,000 apiece
</a>
, while one ticket on a Blue Origin flight last year reportedly
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
went for $1.25 million
</a>
. (Harding had previously flown on a Blue Origin rocket.)
</p>
</td>
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</tbody>
</table>
</div>
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</td>
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</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<td align="left">
<h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
UTA makes an even bigger sports bet
</h2>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
United Talent Agency, whose A-list clients range from the actor Timothée Chalamet to the singers Post Malone and Lizzo, is expanding further into media and sports by acquiring James & Co., an executive search firm specializing in the sector, for an undisclosed amount, DealBook’s Lauren Hirsch is first to report.
</p>
</td>
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</tbody>
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</div>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Talent agencies have been diving into sports
</span>
,
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
</span>
echoing moves by technology giants to throw cash at one of the few sectors still driving eyeballs to live television. Last year, Creative Artists Agency, which represents Dwyane Wade, Steven Spielberg and Zendaya,
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
bought its rival ICM
</a>
, in part to push further into sports. CAA’s clients include the football star Aaron Rodgers, basketball’s Chris Paul and the Portuguese soccer player Cristiano Ronaldo.
</p>
</td>
</tr>
</tbody>
</table>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
UTA acquired a majority stake in 2019 in Klutch Sports Group
</span>
, which represents the NBA’s LeBron James. This year UTA
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
named
</a>
Andrew Thau, its chief operating officer, as its head of sports, alongside Klutch’s founder, Rich Paul.
</p>
</td>
</tr>
</tbody>
</table>
</div>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
UTA and its rivals are seeking scale to strengthen their negotiating power with streaming powerhouses like Amazon, Netflix, and Apple. UTA
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
bought
</a>
the literary agency Fletcher & Company in January after acquiring the London-based Curtis Brown last year. Those deals strengthened its roster of contemporary novelists and nonfiction writers, giving it more intellectual property that could be turned into films or TV series.
</p>
</td>
</tr>
</tbody>
</table>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
James & Co. was founded in 2002
</span>
by Michele James, a former chief talent scout at Time Warner, and Roysi Erbes, a partner at the executive search firm Korn Ferry. They will co-lead the company as a division within UTA.
</p>
</td>
</tr>
</tbody>
</table>
</div>
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</td>
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</tbody>
</table>
</div>
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<td align="left">
<h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
“We see lots of people driving Porsches, Mercedes and BMWs in the parking lot. No matter how much you make, you don’t want to spend $4 on an avocado when you can get one for 59 cents.”
</h2>
</td>
</tr>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-style:italic;font-size:inherit">
—
</span>
<span style="font-style:italic;font-size:inherit">
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Bob Gillman
</a>
</span>
<span style="font-style:italic;font-size:inherit">
, an executive transition consultant, on why wealthy Americans are shopping for bargains at Dollar General and other discount chains.
</span>
</p>
</td>
</tr>
</tbody>
</table>
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</td>
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</tbody>
</table>
</div>
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<td align="left">
<h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
The week ahead
</h2>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
The calendar on this holiday-shortened week is looking light, but there’s plenty on the agenda starting with the weeklong Paris Air Show, which began yesterday.
</p>
</td>
</tr>
</tbody>
</table>
</div>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Today:
</span>
The U.S. housing market will be in focus with the release of data on building permits and housing starts.
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
</span>
FedEx reports quarterly results after the closing bell.
</p>
</td>
</tr>
</tbody>
</table>
</div>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Tomorrow:
</span>
Jay Powell, the Fed chair, will be on the Hill for two days of testimony, starting with the House Financial Services Committee. Britain, where food prices have hit a decades-long high, is scheduled to release inflation data for May.
</p>
</td>
</tr>
</tbody>
</table>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Thursday:
</span>
Powell will testify before the Senate Banking Committee. Other Fed officials, including the governors Christopher Waller and Michelle Bowman, Loretta Mester of the Cleveland Fed and Thomas Barkin of the Richmond Fed, will speak at various events.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
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<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Elsewhere, it’s decision day on interest rates for the Bank of England. And in France, President Emmanuel Macron and world leaders including Mohammed bin Salman of Saudi Arabia will convene in Paris for
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
a two-day summit
</a>
on global debt, climate policy and the role of the World Bank and I.M.F.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding-bottom:15px">
</td>
</tr>
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<td style="padding-bottom:15px;border-top:1px solid #dcdcdc">
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Enjoy all of The New York Times in one subscription — the original reporting and analysis, plus puzzles from Games, recipes from Cooking, product reviews from Wirecutter and sports journalism from The Athletic. Experience it all with a
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
New York Times All Access subscription
</a>
.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td height="25" style="padding:0;font-size:0" width="100%">
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<td style="padding:0;font-size:0;border-top:8px solid #000">
<h3 style="color:#000;font:700 17px/25px arial,sans-serif;margin:8px 0 25px 0;letter-spacing:.2px">
THE SPEED READ
</h3>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Deals
</span>
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-27qc8p" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Investors including a firm with ties to Bill Gates and the venture capital giant Andreessen Horowitz have
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
bet on KoBold
</a>
, a start-up focused on mining metals like lithium. (WSJ)
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
UBS reportedly stands to inherit
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
hundreds of millions in regulatory fines
</a>
tied to Credit Suisse’s role in the collapse of Archegos. (FT)
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Silver Lake
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
reached a truce with Bain Capital
</a>
over their dueling takeover bids for the German software maker Software AG. (Silver Lake)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Policy
</span>
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-27qc8p" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Gov. Ron DeSantis of Florida held a
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
$3,300-a-plate fundraiser in Sacramento
</a>
, taking potshots at California’s Democratic governor, Gavin Newsom. (NYT)
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
A court in Montenegro
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
sentenced the disgraced crypto mogul
</a>
Do Kwon to four months in prison for passport fraud. (WSJ)
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
“Facebook Helped Bring Free Speech to Vietnam. Now It’s
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Helping Stifle It
</a>
.” (WaPo)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Best of the rest
</span>
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-27qc8p" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Inflation just passed 100 percent in Argentina — but the restaurant scene
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
is booming
</a>
. (NYT)
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
There’s a glut of summer vacation rentals on Cape Cod, Massachusetts, a market reversal that has
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
stunned real estate agents
</a>
. (Boston Globe)
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Brands like Nike wanted to sell directly to consumers, cutting out stores, but have
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
reversed course
</a>
. (WSJ)
</span>
</li>
<li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
“He Went After Crypto Companies. Then
<a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Someone Came After Him
</a>
.” (NYT)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
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Thanks for reading! We’ll see you tomorrow.
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1 year, 11 months ago - nytdirect@nytimes.com
DealBook: Business and Blinken in China; the risks of extreme tourism
Also, a talent agency moves deeper into sports.View in browser|nytimes.comContinue reading the ma...