Readers can subscribe to The Morning Risk Report here: http://on.wsj.com/MorningRiskReportSignup. The company will also be required to replace its entire board of directors and senior leadership, the Commerce Department said. In addition, Thursday’s settlement includes a suspended export-denial order that Commerce can activate if ZTE violates the deal. U.S. President Donald Trump intervened last month with a tweet, taking observers by surprise, saying ZTE should remain in business. The chain has been working to turn around its crucial U.S. division for more than three years, the WSJ reports.

Source: Wall Street Journal June 08, 2018 12:45 UTC