Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ artificial intelligence capabilities.

(2) Prime Minister Keir Starmer used a glitzy London investment summit to proclaim growth and wealth creation the cornerstones of his government, seeking to draw a line under a rocky first three months in power that saw his negative rhetoric about the state of the public finances weigh on economic sentiment.

(3) China has begun enforcing a long-overlooked tax on overseas investment gains by the country’s ultra-rich, according to people familiar with the matter.

(4) Israel said it is listening to US misgivings about its planned counter-strike against Iran but will act based on its own assessments, following a report suggesting Prime Minister Benjamin Netanyahu could spare Tehran’s nuclear and energy facilities from any immediate reprisal.

(5) Oil fell for a third session after a report that Israel may avoid targeting Iran’s crude infrastructure eased concerns over a major supply disruption.

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