US Com­merce De­part­ment would grant a 90-day reprieve for U.S. ex­ports to Huawei and dozens of its af­fil­i­ates. One ben­e­fi­ciary of the new tem­po­rary li­cense ap­pears to be rural wire­less car­ri­ers in the U.S., many of which still use Huawei equip­ment.

Fed­eral Com­mu­ni­ca­tions Com­mis­sion Chair­man would back the more than $26 bn com­bi­na­tion of cell­phone car­ri­ers T-Mo­bile US Inc. and Sprint Corp.

Ford Mo­tor is cut­ting 7,000 salaried em­ploy­ees, or about 10% of its white-col­lar work­force, part of Chief Ex­ec­u­tive Jim Hack­ett’s broader plan to re­verse profit de­clines and catch up to com­peti­tors in the fast-chang­ing car busi­ness.

Gen­eral Mo­tors said it will wind down its Maven car-shar­ing ser­vice in eight of its 17 North-Amer­i­can cities. The ser­vice, launched in 2016, will con­tinue to op­er­ate in Los An­ge­les, Wash­ing­ton, D.C., De­troit, Toronto and other cities.

Goldman Sachs has selected Mazars to audit its European operation, marking the first time the US bank has gone beyond a “Big Four” accounting firm to vet its books.

Morgan Stanley is paying at least €300 mn for a 5.5 per cent stake in French asset manager Tikehau as the Paris-based company looks to tap North American investors and new asset classes.

The US Department of Homeland Security has taken aim at Chinese drone manufacturers such as DJI in a warning about potential data leaks.

Xiaomi reported 1Q19 profit of ¥3.19 bn, reversing a net loss of ¥7 bn the same period last year.

HKEx will extend after-hours trading for index futures to 3:00 a.m.

Power.io, an artificial intelligence company based in Cambridge, England, has been valued at $100 mn following a $24 mn funding round involving a group of investors that includes Tencent and Pearson.