A proposed rule issued by the U.S. Treasury Department provides additional details on an Executive Order issued by President Biden last year relating to U.S. investment in China in several sectors with a close connection to the development of military technology.

In a brief filed in U.S. court last week, TikTok, along with its parent company Bytedance, offered a detailed look at its legal arguments in its challenge to a U.S. statute that would requirement divestment of TikTok or ban it from the U.S. market.

Last week, U.S. Senator Bill Cassidy (R-LA) "launched an inquiry" into Chinese-owned Tutor.com "amid concerns that its users’ sensitive data could be used and exploited by the Chinese Communist Party (CCP)."

On May 20, China's Ministry of Commerce (MOFCOM) announced sanctions on three U.S. companies as it added them to the Unreliable Entity List.

Earlier this week, the Biden administration blocked a Chinese-linked investment in a cryptocurrency mining facility located close to a U.S. air force base in Wyoming.

TikTok, along with its parent company Bytedance, filed a petition for review of the constitutionality of the Protecting Americans from Foreign Adversary Controlled Applications Act – which would force TikTok's divestment or ban it – today in the D.C. Circuit Court of Appeals.

Last week, UK Deputy Prime Minister Oliver Dowden gave a speech at Chatham House on economic security in which he indicated that the UK would be ratcheting up its efforts on national security reviews of inbound investment, outbound investment, and export controls.