Good morning. The White House’s acting budget chief is pushing for a delay in implementing key provisions of a law that restricts U.S. government’s business with Huawei Technologies Co., citing the burdens on U.S. companies that use its technology.

The request was made in a letter by Russell T. Vought, the acting director of the Office of Management and Budget, to Vice President Mike Pence and nine members of Congress, a copy of which was reviewed by The Wall Street Journal.

[Continued below...]

The U.S., citing national security concerns related to Huawei’s growing clout in sensitive technologies, implemented the restrictions to blunt the dominance of the Chinese tech giant, a powerful force in the global telecommunications market. But the pushback by a senior administration official shows the difficulty in ordering a quick halt to companies’ business with Huawei.

Meanwhile, Chinese authorities summoned some of the world’s largest tech companies this week to tell them they could face repercussions if they respond too aggressively to U.S. trade restrictions, according to people familiar with the matter. Among the companies called in were Intel Corp., Qualcomm Inc., Microsoft Corp., Samsung Electronics Co., Dell Technologies Inc., Nokia Corp. and Cisco Systems Inc.

And new Huawei phones won’t come with Facebook, Instagram or WhatsApp, as Facebook Inc. restricts access to its products following the U.S. blacklisting of the Chinese tech giant. 

Western Union Financial Services Inc. agreed to pay more than $400,000 to settle allegations that it violated U.S. sanctions, the Treasury Department said Friday.

Western Union allegedly processed about 5,000 transactions totaling about $1.3 million between 2010 and 2015 through a Gambian subagent that was blacklisted by the U.S. in 2010, according to the Treasury’s Office of Foreign Assets Control.

Western Union said in a statement Friday that it has made substantial investments in and enhancements to its sanctions compliance program. OFAC credited the company for self-disclosure and cooperation with the investigation in the settlement, as well as remedial actions after its discovery of the alleged violations, according to the settlement.

–Mengqi Sun

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• The U.S. placed sanctions on one of Iran’s biggest petrochemical companies on Friday, hitting a top revenue earner as the Trump administration attempts to strong-arm Tehran into a new nuclear and security pact. The Treasury Department added Persian Gulf Petrochemical Industries Company and a network of 39 associated companies to its sanctions blacklist, saying the firm helps finance the Islamic Revolutionary Guard Corps, Iran’s elite military force recently designated by the U.S. as a terror group.
   
• A mounting backlash against technology giants—especially Facebook Inc. and Alphabet Inc.’s Google—has provided the spark to a movement that threatens to raze the four-decade-long Washington consensus to defer to markets in setting boundaries for corporate competition. Meanwhile, state attorneys general are preparing for their own investigations into big tech platforms including Google and Facebook, based on concerns that largely mirror those driving probes by the Justice Department, the Federal Trade Commission and Congress.
   
• Some of the world’s largest mining companies said more than a dozen dams under their authority have at times failed stability assessments by outside experts, some of them in locations where a dam break would pose a risk to lives.
   
• America’s telecommunications regulator passed rules last week that will let phone companies automatically block more robocalls. It hasn’t yet said what, exactly, constitutes such a call.
   
• PG&E Corp. turned off power to about 22,000 customers in Northern California this weekend as part of the first wave of what the utility has said will likely be numerous pre-emptive shutdowns this year to help prevent deadly wildfires.

Kraft Heinz Co. said it had concluded an internal investigation into accounting errors and changed financial practices that triggered a regulatory probe and steep decline in the food maker’s stock price.

The food giant on Friday filed an overdue annual report to the Securities and Exchange Commission that it had withheld during an investigation into what it said were years of accounting errors. The misstatements, which understated the costs of goods sold by $208 million, involved the way Kraft Heinz booked rebates and costs tied to its contracts with suppliers.

• Uber Technologies Inc. Chief Executive Dara Khosrowshahi is taking direct oversight of the ride-sharing company’s operations in a management shakeout that comes less than a month after a disappointing initial public offering. The CEO told employees he would eliminate the chief operating officer position to have more hands-on control over the company’s main businesses: ride-hailing and food-delivery. 
   
• Anadarko Petroleum Corp. Chief Executive Al Walker is set to receive a $98 million payout on completion of the company’s $38 billion sale to Occidental Petroleum Corp.
   
• Tensions over a busted merger between Fiat Chrysler Automobiles NV and Renault SA, and lingering hostilities between Renault and its Japanese alliance partner Nissan Motor Co., spilled out into the open this weekend—heightening a five-way game of chicken among two governments and three of the world’s biggest auto makers. Meanwhile, Fiat Chrysler CEO Mike Manley⁠—who got the job after the charismatic Sergio Marchionne⁠ died suddenly last year—must rally the workforce once again after the failed merger and a whistleblower lawsuit filed by one of the company’s highest-ranking American executives.

The Group of 20 major economies decried worsening trade tensions and their impact on global growth, with the U.S. and China locked in a protracted trade battle since negotiations fell apart a month ago. Meanwhile, President Trump’s threat to impose tariffs on Mexico was averted by an immigration deal late Friday, but it has further complicated the delicate relationship between two neighbors struggling to resolve trade and border issues. 

Global trade tensions have been good for banks in the business of global trade. Banks’ revenues from financing cross-border commerce are in the best shape in years, despite President Trump’s threats of Mexican tariffs, stalled progress on a U.S.-China accord and Britain’s impending exit from the European Union without a trade deal.

• International Business Machines Corp. is cutting about 2,000 jobs in a round of layoffs this week, according to a person familiar with the matter, as the technology giant works to reshape its business.
   
• FedEx Corp. is ending its air-shipping contract with Amazon.com Inc. in the U.S., evidence of escalating tensions between the longtime partners as the e-commerce giant builds its own delivery network.
   
• Factories have shifted into low gear after a year of record output and big job gains, putting additional pressure on a U.S. economy that already is expected to grow more slowly this year.

• After deciding to exit escalators and air conditioners, United Technologies Corp. is doubling down on the aerospace market with an all-stock deal to merge with defense contractor Raytheon Co. 
   
• Microsoft Corp. said on Sunday it will begin publicly testing its new videogame-streaming initiative in October, just ahead of when Google’s competing service is slated to launch.
   
• Walmart Inc. is opening a new front in home-delivery services: carting milk, eggs and other groceries and leaving them in the fridge.
   
• Monster Beverage Corp., the U.S. leader in energy drinks, is considering an expansion into booze.
   
• Three decades of blistering growth in China’s auto sales came to a stop last year. But for the big foreign competitors that dominate the market, including Volkswagen AG, General Motors Co. and Toyota Motor Corp., the country still represents the industry’s future. 

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Send comments to the Risk & Compliance editor, Jack Hagel, at jack.hagel@wsj.com.