said that an increased focus on E.S.G. “would be a total abuse of power and a politicization of S.E.C.’s disclosure standard.”

Deals

  • China reportedly asked Alibaba to sell its media assets, including stakes in Weibo and The South China Morning Post, fearing its sway over public opinion. (WSJ)

  • Canada’s Rogers Communications agreed to buy a rival, Shaw, for $16 billion, but the deal faces antitrust hurdles. (Reuters)

  • Blackstone and Starwood Capital teamed up to buy the hotel chain Extended Stay America for $6 billion, betting on a rebound in travel. (NYT)

Politics and policy

  • Treasury Secretary Janet Yellen is coordinating with other countries on a global minimum tax on multinational companies. (WaPo)

  • Senator Elizabeth Warren has become one of the biggest influences on the Biden administration’s financial policy, judging by appointments. (Politico)

  • “The Financial Crisis the World Forgot” (NYT)

Tech

  • Facebook agreed to pay News Corp for its media content in Australia, a month after it blocked news links in the country over legislation requiring platforms to compensate publishers. (NYT)

  • Electric-vehicle start-ups going public via SPACs are promising eye-popping revenue growth. (WSJ)

  • Peter Thiel’s biggest political donation yet is $10 million to a super PAC supporting the “Hillbilly Elegy” author J.D. Vance, who may run for the U.S. Senate in Ohio. (Recode)

Best of the rest

  • Hand gel, dumbbells and sweatpants: The items Britain uses to calculate inflation got a pandemic makeover. (NYT)

  • Innovation happens in an environment where employees feel secure and safe. But women often don’t. (NYT)

  • The New York Times Book Review turns 125 this year. Here are some highlights. (NYT)

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