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Fiat Chrysler, Sears Bid, Tesla Lawyer: CEO Daily for December 7, 2018

Fiat Chrysler, Sears Bid, Tesla Lawyer: CEO Daily for December 7, 2018

Fiat Chrysler, Sears Bid, Tesla Lawyer: CEO Daily for December 7, 2018

Fiat Chrysler, Sears Bid, Tesla Lawyer: CEO Daily for December 7, 2018

Fiat Chrysler, Sears Bid, Tesla Lawyer: CEO Daily for December 7, 2018

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Meng Arrest

National Security Advisor John Bolton knew of the impending arrest in Canada of Huawei CFO Sabrina Meng Wanzhou when he sat at the dinner/negotiating table with Presidents Trump and Xi last weekend, and the Trump administration was aware of the possibility that the arrest—at the U.S.’s request—would affect the trade truce between the U.S. and China. The White House claims Trump didn’t know about the matter, though. Bloomberg

Huawei Capitulation

Huawei has reportedly agreed to make improvements to its telecommunications equipment and software, to address security fears that were expressed by British intelligence agencies. Without doing so, Huawei would essentially be shut out of future 5G network buildouts in the U.K. Meanwhile, the Japanese government is reportedly about to shut out Huawei and ZTE from its procurement plans, due to concerns over the Chinese being able to spy through the firms’ equipment. Financial Times

Bitcoin Slide

Another day, another Bitcoin tumble. It’s 12% down over the last day and fell below the $3,400 mark. Other cryptocurrencies are joining it, as per usual—XRP down 12%, and Ether down 17%. But one new coin, Bitcoin SV, is doing rather well. Fortune

Crypto Cruise

This week’s must-read is Laurie Penny’s account of a blockchain-focused Mediterranean cruise, replete with John McAfee and squadrons of young, Eastern European women who maybe aren’t part of the cryptocurrency world as such. It’s both an entertaining and depressing piece of gonzo journalism, and a superb primer on the scene. Breaker

This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.

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