The Road to China-Free Supply Chains Is Long. Warning: Legless Lizards Ahead. https://ift.tt/XhlVzsr

Beware the Most Crowded Trade on Wall Street: Next Year’s Soft Landing https://ift.tt/IEAuZ2B

A judge sentenced former FBI counterintelligence chief Charles McGonigal to more than four years in prison for violating U.S. sanctions by accepting secret payments from a Russian oligarch. https://ift.tt/F9zkCA7

The EU agreed to start membership talks with Ukraine, but couldn’t reach an agreement during summit negotiations for a new $54 billion package of budget support for Kyiv. https://ift.tt/IQJT6HC

Putin said Moscow wants to reach an agreement on the return of Wall Street Journal reporter Evan Gershkovich, who is in custody on an allegation of espionage that he, the Journal and Washington vehemently deny. https://ift.tt/hkm0WwU

The House passed annual legislation that designatestop U.S. military priorities, overcoming grumbling from some Republicans who unsuccessfully sought to include policies to restrict abortion access and transgender healthcare for service members. https://ift.tt/YxCl7kT

National security adviser Jake Sullivan pressed Israeli leaders to shift from a reliance on airstrikes and ground assaults in Gaza toward targeted military operations and warned that a protracted conflict would make the Palestinian territory harder to govern after the war, U.S. officials said. https://ift.tt/fk1hQ5J

Corrections & Amplifications https://ift.tt/Bx4cp8S

Asian Currencies Give Up Some Strength Against USD https://ift.tt/4khEPjv

The Dow industrials rose 0.4% to a high of 37248.35, while the S&P 500 and Nasdaq advanced 0.3% and 0.2%, respectively. https://ift.tt/FjKzXJ3