Chinese Premier Li Qiang launched construction of a mega-dam project in the lower reaches of the Yarlung Tsangpo river in Tibet on Saturday, with a total planned investment of 1.2 trillion yuan ($167 billion), according to the official Xinhua News Agency.

Chinese authorities vowed “zero tolerance” for the smuggling of strategic minerals and saidd it would strengthen law-enforcement to crack down on illegal shipments and the unauthorized transfer of related technology.

Mukesh Ambani’s Jio Financial Services Ltd. agreed to form a reinsurance venture with Allianz SE in India, advancing the billionaire’s quest to broaden his reach in the sector.

Private equity firm Blackstone Inc. has pulled out of a group of investors seeking to take a minority stake in TikTok’s US-based business, according to a person familiar with the matter.

Bullish, a digital-asset exchange operator whose backers have included billionaire Peter Thiel, filed for an initial public offering in the latest push onto public markets by cryptocurrency companies.

Bloomberg’s Ed Ludlow discusses Netflix earnings as the company’s shares fall. Plus, the CFO of Taiwan Semiconductor Manufacturing discusses the company’s $165 billion US expansion plan. And defense tech startup Hadrian closes a $260 million Series C funding round led by Founders Fund. (Source: Bloomberg)

President Donald Trump signed the first federal bill to regulate stablecoins, calling it a “giant step to cement American dominance of global finance and crypto technology.”

Big Tech’s growing reliance on licensing deals to scoop up top talent from AI startups risks leaving many rank-and-file workers in limbo. But first...