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Earth

US Will Regulate Methane Leaks from Oil and Gas to Fight Climate Change (msn.com) 127

Methane traps about 80 times as much heat as carbon, the Washington Post points out. So Friday at the UN's Climate Change conference, America's Environmental Protection Agency "unveiled an updated proposal to regulate methane seeping from pipes and other equipment maintained by the U.S. oil and gas industry, the country's biggest industrial source of the potent greenhouse gas." The proposal, which was partially released during last year's climate conference in Glasgow, Scotland, would be the first time the federal government requires existing facilities to find and fix methane leaks. "These are critical, common sense standards that will protect workers, protect communities ... and make very sharp cuts in dangerous pollutants that threaten our planet," EPA Administrator Michael EPA [Administrator Michael] Regan said at a news conference in Egypt.

Under the proposal, the agency is seeking to compel oil and gas operators to use remote sensors to quickly address leaks and to require states to develop plans to curb methane from older wells. Gathering feedback from the industry over the past year, the EPA plans to offer companies more flexibility in how they monitor for leaks. Federal regulators will also establish a program to respond to blowouts and other "super-emitter" events, allowing third-party groups to help quickly identify major leaks. Officials say the regulations will reduce U.S. greenhouse gas emissions by one percentage point below 2005 levels, adding to the roughly 40 percent cut expected to come from the Inflation Reduction Act passed earlier this year. A methane fee program included in that legislation would require oil and gas to pay for all emissions above a certain threshold — providing an incentive for operators to abide by the new regulations, Regan said.

The rule should also help the country fulfill the "Global Methane Pledge" — a U.S.-backed effort to curb emissions of the potent greenhouse gas 30 percent by 2030. Although more than 100 nations have signed on to the pledge since it was launched in 2021, a recent World Meteorological Organization report found that methane emissions this year are rising faster than ever before...Three of the world's t op five methane emitters — China, India and Russia — have not joined the initiative....

The United Nations on Friday also announced the launch of a public satellite system to detect major methane releases from the power, waste and agricultural sectors.

Japan

Japan To Invest Up To $500 Million To Manufacture Advanced Chips (reuters.com) 20

Japan said on Friday it will invest up to 70 billion yen ($500 million) in a new semiconductor company led by tech firms including Sony and NEC as it rushes to re-establish itself as a lead maker of advanced chips. From a report: "Semiconductors are going to be a critical component for the development of new leading-edge technologies such as AI, digital industries and in healthcare," Minister of Economy, Trade and Industry Yasutoshi Nishimura said at a news briefing. The new chip company will be named Rapidus and aims to begin making chips in the second half of the decade, he added.

As trade friction between the United States and China deepens and Washington restricts Beijing's access to advanced semiconductor technology, Japan is rushing to revive its chip manufacturing base to ensure its carmakers and information technology companies do not run short of the key component. Japan is also concerned that China may attempt to take control of Taiwan, the global hub for advanced chip production.

China

Apple Limits iPhone File-Sharing Tool Used For Protests In China (bloomberg.com) 84

An anonymous reader quotes a report from Bloomberg: Apple has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters to spread images to other iPhone owners. AirDrop allows the quick exchange of files like images, documents or videos between Apple devices. The latest version -- iOS 16.1.1, released Wednesday -- caps the window in which users can receive files from non-contacts at 10 minutes. The previous options didn't limit the time involved. Users could choose to get files from everyone, no one or just their contacts. After the 10-minute period expires, the system reverts to the mode where files can only be received from contacts. That means that individuals won't be able to get an AirDrop transfer from a stranger without actively turning on the feature in the preceding few minutes. It makes it harder for anyone seeking to distribute content and reach people in a discreet manner.

Apple made the change to AirDrop on iPhones sold in China. The shift came after protesters in the country used the service to spread posters opposing Xi Jinping and the Chinese government. The use of AirDrop to sidestep China's strict online censorship has been well-documented over the past three years and was highlighted again recently. Apple didn't comment on why the change was introduced in China, but said that it plans to roll out the new AirDrop setting globally in the coming year. The idea is to mitigate unwanted file sharing, the company said.

China

China Scraps Expendable Long March 9 Rocket Plan In Favor of Reusable Version (spacenews.com) 35

Rocket designers with China's main launch vehicle institute have scrapped plans for an expendable super heavy-lift launcher in favor of a design featuring a reusable first stage. SpaceNews reports: A new model of a Long March 9 rocket featuring grid fins and no side boosters recently went on display at the ongoing Zhuhai Airshow in southern China, prompting speculation that the long-standing plan of an expendable rocket had been dropped. Liu Bing, director of the general design department at the China Academy of Launch Vehicle Technology (CALT), later confirmed the new direction in an interview with China Central Television Nov. 7.

The new, current plan for the rocket will be a three-stage, 108-meter-high, 10-meter-diameter and 4,180 metric ton rocket capable of delivering 150 tons to low Earth orbit (LEO), 50 tons to lunar transfer orbit (LTO), or 35 tons to Mars transfer orbit. The rocket is scheduled to be ready for test flight around 2030. Liu told CCTV however that the design has not been finalized and will likely see changes as the team selects the optimal pathway, while committing to the goal of constantly breaking through technological challenges and increasing its launching power.

Businesses

TSMC Reportedly Looks To Raise a Second Arizona Chip Fab (theregister.com) 34

An anonymous reader quotes a report from The Register: Taiwan's chipmaking giant TSMC is said to be preparing to build another semiconductor fabrication plant in Arizona, alongside the facility it completed this summer, in a move that may be seen as a vindication of the US government's CHIPS Act funding. According to reports in the Wall Street Journal, TSMC is planning to announce in the near future that it will build a further factory for making cutting edge chips at a site just north of Phoenix, adjacent to the $12 billion Fab 21 plant the company decided to construct in 2020.

The new facility will be used to manufacture 3nm chips, according to the paper, which cites anonymous sources "familiar with the expansion plans." The scale of this project is expected to be comparable to the existing plant. Reports last year suggested that TSMC was already considering constructing up to five additional semiconductor factories in Arizona, on top of the one just completed, which is not scheduled to start up production of chips until 2024. The move to build another plant comes despite the Taiwanese chip behemoth announcing recently that it was cutting back on its capital investment budget in the face of a market slowdown which led to TSMC predicting that Q4 revenue growth will likely be flat. However, the fact that TSMC is still considering further facilities in Arizona could be seen as vindication that the US CHIPS Act, which includes subsidies and other incentives for semiconductor companies like TSMC to build on American soil, is having the desired effect.

IBM

IBM Held Talks With Biden Administration on Quantum Controls (bloomberg.com) 17

IBM has engaged in talks with the Biden administration on potential export controls for quantum computers as the company continues investing in the emerging technology. From a report: IBM recommended that any regulations, if developed, cover potentially problematic uses of quantum computing rather than limiting the technology based simply on processing power, said Dario Gil, head of IBM Research. Quantum technology will likely be subject to constraints like export controls, Gil said. "We will continue to be an active participant in that dialogue," he said.

Quantum computing is an experimental field with the potential to accelerate processing power and upend current cybersecurity standards. The Biden administration is exploring the possibility of new export controls that would limit China's access to quantum along with other powerful emerging technologies, Bloomberg News reported last month. IBM has installed quantum infrastructure in countries like Germany and Japan, but not China, Gil said. Big Blue has invested millions in the field, and is unveiling a new quantum processor this week that is more than three times more powerful, measured by qubits, than its version announced last year.

Social Networks

Russia Reactivates Its Trolls and Bots Ahead of Tuesday's Midterms (nytimes.com) 289

An anonymous reader quotes a report from the New York Times: The user on Gab who identifies as Nora Berka resurfaced in August after a yearlong silence on the social media platform, reposting a handful of messages with sharply conservative political themes before writing a stream of original vitriol. The posts mostly denigrated President Biden and other prominent Democrats, sometimes obscenely. They also lamented the use of taxpayer dollars to supportUkraine in its war against invading Russian forces, depicting Ukraine's president as a caricature straight out of Russian propaganda. The fusion of political concerns was no coincidence. The account was previously linked to the same secretive Russian agency that interfered in the 2016 presidential election and again in 2020, the Internet Research Agency in St. Petersburg, according to the cybersecurity group Recorded Future. It is part of what the group and other researchers have identified as a new, though more narrowly targeted, Russian effort ahead ofTuesday's midterm elections. The goal, as before, is to stoke anger among conservative voters and to undermine trust in the American electoral system. This time, it also appears intended to undermine the Biden administration's extensive military assistance to Ukraine.

"It's clear they are trying to get them to cut off aid and money to Ukraine," said Alex Plitsas, a former Army soldier and Pentagon information operations official now with Providence Consulting Group, a business technology company. The campaign -- using accounts that pose as enraged Americans like Nora Berka -- have added fuel to the most divisive political and cultural issues in the country today. It has specifically targeted Democratic candidates in the most contested races, including the Senate seats up for grabs in Ohio, Arizona and Pennsylvania, calculating that a Republican majority in the Senate and the House of Representatives could help the Russian war effort. The campaigns show not only how vulnerable the American political system remains to foreign manipulation but also how purveyors of disinformation have evolved and adapted to efforts by the major social media platforms to remove or play down false or deceptive content. The agencies urged people not to like, discuss or share posts online from unknown or distrustful sources. They did not identify specific efforts, but social media platforms and researchers who track disinformation have recently uncovered a variety of campaigns by Russia, China and Iran.

These are much smaller campaigns than those in the 2016 election, where inauthentic accounts reached millions of voters across the political spectrum on Facebook and other major platforms. The efforts are no less pernicious, though, in reaching impressionable users who can help accomplish Russian objectives, researchers said. "The audiences are much, much smaller than on your other traditional social media networks," said Brian Liston, a senior intelligence analyst with Recorded Future who identified the Nora Berka account. "But you can engage the audiences in much more targeted influence ops because those who are on these platforms are generally U.S. conservatives who are maybe more accepting of conspiratorial claims."
Some characteristics of an inauthentic user to look out for include: no profile picture, no identifying biographical details, and posts exclusively on political issues that often include false or misleading posts and little engagement. They may also link to obscure websites like electiontruth.net, which Recorded Future said was almost certainly linked to the Russian campaign.
China

Chinese Chip Designers Slow Down Processors To Dodge US Sanctions (arstechnica.com) 55

Cutting-edge semiconductor companies tweak specs to comply with export controls. From a report: Alibaba and start-up Biren Technology are tweaking their most advanced chip designs to reduce processing speeds and avoid US-imposed sanctions aimed at suppressing Chinese computing power. Alibaba, Biren, and other Chinese design houses have spent years and millions of dollars creating the blueprints for advanced processors to power the country's next generation of supercomputers, artificial intelligence algorithms and data centers. These are produced offshore by the world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing. But sanctions announced by Washington last month that cap the processing power of any semiconductor shipped into China without a license have thrown a wrench into their ambitions.

Both Alibaba and Biren had already conducted expensive test runs of their latest chips at TSMC when Washington unveiled the controls. The rules have forced the companies to halt further production and make changes to their designs, according to six people briefed on the situation. They mark another blow for Alibaba, the tech group founded by billionaire Jack Ma. Its shares have lost 80 percent of their value since Beijing canceled sister group Ant's initial public offering two years ago. The group's new chip was to be its first graphics processing unit and was close to being unveiled, according to three people close to the matter. The US export controls extend to third-country chip manufacturers because almost all semiconductor fabrication plants use American components or software, meaning the rules may amount to an embargo on all high-end processors entering China. Washington earlier restricted such imports from California chip companies Nvidia and AMD.

Earth

We're On a Highway To Climate Hell, UN Boss Says 275

United Nations Secretary General Antonio Guterres told countries gathered at the start of the COP27 summit in Egypt on Monday they face a stark choice: work together now to cut emissions or condemn future generations to climate catastrophe. From a report: The speech set an urgent tone as governments sit down for two weeks of talks on how to avert the worst of climate change, even as they are distracted by Russia's war in Ukraine, rampant consumer inflation and energy shortages. "Humanity has a choice: cooperate or perish," Guterres told delegates gathered in the seaside resort town of Sharm el-Sheikh. He called for a pact between the world's richest and poorest countries to accelerate the transition from fossil fuels and funding to ensure poorer countries can reduce emissions and cope with the climate impacts that have already occurred. "The two largest economies -- the United States and China -- have a particular responsibility to join efforts to make this pact a reality," he said.
China

China Criticized For 'Unplanned' Tumbling of Its Booster Rockets Back to Earth (msn.com) 99

China launched the final module for its space station last Monday. But this also meant that a massive booster rocket re-entered the earth's atmosphere, notes the Washington Post — "for the fourth time in less than three years."

This one came down in the Pacific Ocean shortly after 6 a.m. Friday, and "there were no initial reports of damage or injuries. "But its return to Earth highlighted a tension among space faring nations over China's practice of letting its spent rockets tumble back to Earth after days in orbit." While the chances are low of any one person getting hit by the returning space debris, several of the tracks the rocket possibly could have taken passed over a large swath of the Earth's populated areas. NASA Administrator Bill Nelson has repeatedly condemned China for the practice. In a statement Friday morning, he said: "It is critical that all spacefaring nations are responsible and transparent in their space activities and follow established best practices, especially, for the uncontrolled reentry of a large rocket body debris — debris that could very well result in major damage or loss of life."

China is alone among space-faring nations in allowing the unplanned return of its boosters, instead of ditching them at sea, as most others do, or returning them to a soft landing, like Space X. "The technology exists to prevent this," said Ted Muelhaupt, a consultant in the chief engineer's office at the Aerospace Corporation, a nonprofit that drew possible tracks for the rocket's return. The rest of the world doesn't "deliberately launch things this big and intend them to fall wherever. We haven't done that for 50 years."

As of Wednesday, the [research nonprofit] Aerospace Corporation's calculations had the stage possibly landing over areas of land where 88 percent of the world's population lives. And so the possibility of casualties, Muelhaupt said, was between one in 230 to one in 1,000. That risk far exceeds the internationally recognized standard that says a reentering space object should not have greater than a one in 10,000 chance of causing injury.

The Chinese rocket stage is massive — weighing 22 metric tons and measuring as long as a pair of 53-foot semitrailers parked end to end, Muelhaupt said. He estimated that between 10 and 40 percent of the booster would survive reentry.

Power

The World's First Offshore Floating Wind-Solar Pilot Goes Online (electrek.co) 43

China's government-owned utility State Power Investment Corporation (SPIC) has launched the world's first commercial offshore floating solar that's paired with an offshore wind turbine. Electrek reports: SPIC is one of five major electrical utility companies in China, and the world's largest photovoltaic power generation enterprise. The pilot is located off the coast of Haiyang, a city in Shandong, eastern China. The project uses Norway-based Ocean Sun's patented floating solar power technology. The two solar floaters (see the photo above) have an installed capacity of 0.5 megawatts peak. They're connected to a transformer on a SPIC-owned wind turbine and then a subsea cable runs from the wind turbine to the power grid. If the pilot is successful, the plan is to build a 20 MW floating wind-solar farm in 2023 using Ocean Sun's technology.
Japan

US Pushes Japan and Other Allies To Join China Chip Curbs (nikkei.com) 58

The U.S. is urging allies including Japan to follow its lead on restricting exports of advanced semiconductors and related technology to China, likely intensifying the impact of Chinese-American tensions on chipmakers worldwide. From a report: Tokyo has begun internal discussions on the issue at Washington's request, a Japanese government insider said. Officials are weighing which restrictions can be adopted in Japan, and will watch how other U.S. allies such as the European Union and South Korea respond. The sweeping export controls announced Oct. 7 by the U.S. Commerce Department span chipmaking equipment, design software and even engineers who support semiconductor manufacturing in China.

"We were talking to our allies. No one was surprised when we did this, and they all know that we're expecting them to cover likewise," Alan Estevez, undersecretary of commerce for industry and security, said during an event Thursday hosted by a U.S. think tank. The curbs allow companies to apply for exemptions, but with a presumption of denial, meaning such requests are unlikely to be granted. Violators may face civil and criminal penalties.

Privacy

TikTok Tells European Users Its Staff in China Get Access To Their Data (theguardian.com) 36

TikTok is spelling out to its European users of the platform that their data can be accessed by employees outside the continent, including in China, amid political and regulatory concerns about Chinese access to user information on the site. From a report: The Chinese-owned social video app is updating its privacy policy to confirm that staff in countries, including China, are allowed to access user data to ensure their experience of the platform is "consistent, enjoyable and safe." The other countries where European user data could be accessed by TikTok staff include Brazil, Canada and Israel as well as the US and Singapore, where European user data is stored currently. [...] Data could be used to conduct checks on aspects of the platform, including the performance of its algorithms, which recommend content to users, and detect vexatious automated accounts. TikTok has previously acknowledged that some user data is accessed by employees of the company's parent, ByteDance, in China.
China

Chinese Tycoon Spent 8 Years, $3 Billion on EV That Went Unbuilt (bloomberg.com) 25

Faraday Future burned through cash and board seats while its founder fought for control. From a report: The image arrived in Susan Swenson's inbox on a Wednesday evening. Her corporate headshot had been crudely crossed out in digital red ink, and the word "Kill" was written in the bottom left corner. In the hours that followed, some of her colleagues received similar threats, including messages that referenced the recent assassination of former Japanese prime minister Shinzo Abe. The menacing emails marked the apex of a months-long fight for control over Faraday Future Intelligent Electric, a Los Angeles, California-based publicly traded electric vehicle startup that once billed itself as the next Tesla. In September, after the death threats, persistent pressure from Faraday's largest shareholders, and a surprising cameo from property giant China Evergrande, Swenson, the executive chair, and three others agreed to leave Faraday's board of directors in a sweeping restructuring.

While it's not known who sent the death threats -- the company has referred them to the FBI -- some leaders inside Faraday believe they were inspired by the boardroom fight recently waged by its largest shareholders, including a group that is partially managed by the startup's founder, exiled Chinese tycoon Jia Yueting. Seven months ago, Faraday's board sidelined Jia, who goes by YT, following an internal probe that examined his influence over day-to-day operations, as well as a series of loans employees made to the startup over the years. Now, he stands to benefit greatly from the impending board shakeup, which will be completed when Faraday holds its delayed annual meeting. He has been named an adviser to the board, and FF Global will have input on all six new members. As Faraday put it in a recent SEC filing, "YT Jia and FF Global have strengthened their already significant influence over the Company." But as YT reclaims power, it is over a company that's under investigation by the US Securities and Exchange Commission in relation to the findings of the internal probe -- information the Department of Justice has inquired about, too, according to Faraday. The startup also needs money, fast. After burning through more than $3 billion since it launched eight years ago, Faraday reported just $27 million in cash on Oct. 25th, and says it needs millions more if it hopes to finally ship its elusive SUV.

China

Eric Schmidt Warns US Technology Edge Over China Slipping (bloomberg.com) 96

Eric Schmidt wants to reshape Washington's industrial policy to combat an intensifying US-China tech rivalry. The former Google chief executive officer's philanthropic arm issued recommendations aimed at encouraging US politicians to counter China's rising technological ambitions by ramping up regulatory scrutiny, encouraging more private investment and offering tax credits to train workers. From a report: China surprised the US on key "battleground" technologies -- including wireless 5G, microelectronics and AI -- as the Asian nation's industrial policy enabled it to dominate markets for drones, high-capacity batteries, critical minerals, solar panels, turbines and shipbuilding, the Schmidt-backed Special Competitive Studies Project said Tuesday in a report.

"The US has some immense economic advantages, but there are some warning lights flashing," Liza Tobin, the project's senior director and a former China director for the US National Security Council, said on a call with reporters. "The US needs an America-style industrial strategy that leverages competition in our dynamic private sector and has carefully targeted incentives in sectors where we need to lead." The report calls on the US government to boost microelectronic production with the help of a large fund to unlock private capital, create an open-source security center to assist investments in digital infrastructure, establish a national security commission on digital finance and give regulators more power to screen investment flows to China that could threaten US national security.

Power

China's Submarines May Soon Be Powered By Lithium Batteries (interestingengineering.com) 93

The Chinese Navy could finally use lithium technology to replace the lead-acid batteries that are now used in its fleet of conventional submarines. Interesting Engineering reports: Since lithium batteries had a higher risk of catching fire or exploding, the navy was hesitant to replace the submarine fleet's current batteries with them. But, "after solving these problems, the replacement of lead-acid batteries with lithium batteries in conventional submarines is just around the corner," said Wang Feng, study lead and a submarine designer. The study claims that technical answers have been discovered through significant testing and development in China's electric car sector, and lithium batteries have been demonstrated to operate safely under difficult circumstances. The modifications could considerably improve a submarine's capacity for survival and battle, according to research that was released on October 15 in the peer-reviewed Chinese journal Marine Electric and Electronic Engineering.

For more than a decade, the Chinese military has planned to replace the lead-acid batteries in its fleet of conventional submarines with lithium technology. The lead-acid batteries on these submarines, which have not seen significant development since World War II, have proved problematic due to their poor energy storage capacity, delayed charging, limited power output, short lifespan, and harmful gas leaks, according to the paper. Nickel and cobalt, which are added to batteries to increase performance, were a contributing factor to mishaps; however, some Chinese battery manufacturers have begun using iron and phosphate in their place recently.

Social Networks

FCC Commissioner Says Government Should Ban TikTok (axios.com) 80

The Council on Foreign Investment in the U.S. (CFIUS) should take action to ban TikTok, Brendan Carr, one of five commissioners at the Federal Communications Commission, told Axios in an interview. From the report: "I don't believe there is a path forward for anything other than a ban," Carr said, citing recent revelations about how TikTok and ByteDance handle U.S. user data. Carr highlighted concerns about U.S. data flowing back to China and the risk of a state actor using TikTok to covertly influence political processes in the United States. There simply isn't "a world in which you could come up with sufficient protection on the data that you could have sufficient confidence that it's not finding its way back into the hands of the [Chinese Communist Party]," Carr said. Carr sent letters to Apple and Google in June asking the companies to remove the apps from their stores due to concerns about data flowing back to China.
China

China Launches Final Module To Complete Tiangong Space Station (space.com) 18

The third and final module has arrived at China's Tiangong space station. Space.com reports: The Mengtian module launched to Earth orbit atop a Long March 5B heavy-lift rocket from Wenchang, south China, at 3:37 a.m. EDT (0737 GMT and 3:37 p.m Beijing time) on Monday (Oct. 31), according to the state-run outlet Xinhua News. Mengtian arrived at Tiangong as planned about 13 hours after liftoff, according to the China Manned Space Agency. The launch marked China's ninth space station-related mission since sending the Tianhe core module into orbit in April last year.

Mengtian, whose name means "Dreaming of the Heavens," is a 58.7-foot-long (17.9 meters) and roughly 48,500-pound (22 metric tons) spacecraft designed mainly to host an array of science racks and experiments. Equipment installed on board Mengtian will be used for experiments related to microgravity, fluid physics, materials science, combustion science, fundamental physics and more. The docking of Mengtian with Tiangong marks the end of the space station's assembly phase and the start of full operations, Chinese space officials have said. Mengtian's arrival allows China to realize a vision for a space station approved way back in 1992.

The Tiangong space station consists of Tianhe, Mengtian and a module called Wentian. The T-shaped Tiangong will host three astronauts for six months at a time, or six crew members for a brief time during crew handovers. Tiangong's first crew handover is expected before the end of the year when the ongoing Shenzhou 14 mission astronauts welcome aboard the new Shenzhou 15 crew, who will launch on a Long March 2F rocket from the Gobi Desert. Ahead of this, China will launch the Tianzhou 5 cargo mission to Tiangong in November to deliver supplies to support the new crew expedition. [...] The space station will also support a powerful survey space telescope named Xuntian that China plans to launch as soon as late 2023. The Hubble-class observatory will operate in a similar orbit to that of Tiangong, meaning it will be able to dock at the station for refueling, upgrades and repairs. Meanwhile, China's first astronaut, Yang Liwei, said earlier this year that Tiangong could be opened to tourism in the future.

Businesses

TuSimple Fires Its CEO Xiaodi Hou Amid Probe 9

TuSimple, a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou. From a report: The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer. Mr. Hou was fired in connection with a continuing investigation by members of the board, the release said. That review "led the board to conclude that a change of Chief Executive Officer was necessary," the company said in the release.

The securities filing said that the board's investigation found that TuSimple this year shared confidential information with Hydron, a trucking startup with operations mostly in China and funded by Chinese investors. The filing also said that TuSimple's decision to share the confidential information hadn't been disclosed to the board before TuSimple entered into a business deal with Hydron. TuSimple said it didn't know whether Hydron shared, or publicly disclosed, the confidential information, the securities filing said.
WSJ, reporting on Sunday: TuSimple faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup, according to people with knowledge of the matter.

The people said the concurrent probes by the Federal Bureau of Investigation, Securities and Exchange Commission and Committee on Foreign Investment in the U.S., known as Cfius, are examining TuSimple's relationship with Hydron, a startup that says it is developing autonomous hydrogen-powered trucks and is led by one of TuSimple's co-founders.

Investigators at the FBI and SEC are looking at whether TuSimple and its executives -- principally Chief Executive Xiaodi Hou -- breached fiduciary duties and securities laws by failing to properly disclose the relationship, the people familiar with the matter said. They are also probing whether TuSimple shared with Hydron intellectual property developed in the U.S. and whether that action defrauded TuSimple investors by sending valuable technology to an overseas adversary, the people said.
Bitcoin

Hong Kong To Explore Legalization of Retail Crypto Trades in Reversal of Previous Proposal (techcrunch.com) 9

Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC as it looks to regain its status as a global financial hub. From a report: The city had last year proposed limiting crypto trade to professional investors, a move that saw many crypto entrepreneurs shift base to friendlier jurisdictions such as Dubai and Singapore. Hong Kong will review property rights for tokenized assets and explore legalizing smart contracts "to provide a solid legal foundation for their development," it said. It is also planning to put in place "appropriate regulations" on aspects such as "governance, stabilization and redemption mechanism" of stablecoin. The proposal comes at a time when China has ramped up its efforts to crackdown on crypto transactions and Singapore is exploring a series of stringent guidelines surrounding virtual digital assets.

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