When he was Tether’s banker, US Commerce Secretary Howard Lutnick “managed to kill” less favorable legislation, a court filing says. And a White House aide pushed a measure Tether wanted, observers say, then went to work for the company. Bloomberg’s Anthony Cormier and David Kocieniewski explain
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Canada’s PM Mark Carney praised a renewed partnership with China’s Xi Jinping during a four-day visit to China: bloom.bg/49s0s4g
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Bloomberg Surveillance: Early Edition, live from London and New York. Francine Lacqua, Anna Edwards, and Matt Miller deliver the latest news and analysis on the markets with leaders in global finance and economics. Vontobel Holding Chairman Andreas Utermann says the asset manager has shifted its focus toward developed markets and is considering further acquisitions in the US. Tom Mackenzie interviews IBM VP of Strategy & Offerings for Telecom, Media and Entertainment Marisa Viveros and NVIDIA Senior Vice President for Telecom Ronnie Vasishta at the Mobile World Congress in Barcelona.

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National Security & Defense Writer for The Atlantic Nancy Youssef and State Department Reporter for ABC News Shannon Kingston are on Bloomberg This Weekend and warn that Iran is adapting its missile tactics to penetrate US defenses, raising risks for American forces and allies across the Middle East following the deadly strike on a US base in Jordan. They also discuss the renewed debate over sanctions on Iran and Russia, while fighting in Ukraine strains Western military resources and complicates diplomatic efforts.
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SK Hynix’s American depositary receipts surged 14% above their offering price, after the South Korean memory chipmaker raised $26.5 billion in the largest-ever US listing by a foreign company. The ADRs opened at $170 each on Friday in New York, versus an offering price of $149 apiece.

SK Group Chairman Chey Tae-won says he expects to deliver on investors’ expectations.

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