Good morning. The U.S. foreign investment watchdog is getting expanded authorities to review real-estate deals by foreign nationals near more than 60 American military installations and bases.

• The rule: The Treasury Department announced a final rule Friday that will allow the Committee on Foreign Investment in the U.S. to look into real-estate sales within one mile of 40 designated installations and within 100 miles of 27 others. The decision follows a review that began in July that was prompted in part by fears of Chinese nationals and companies buying property around U.S. military sites.
   
• The implications: The new rule will take effect in about a month. Once in place, it “will allow us to deter and stop foreign adversaries from threatening our armed forces, including through intelligence gathering,” Treasury Secretary Janet Yellen said.
   
• About Cfius: Cfius, as the foreign-investment panel is known, can recommend the president block or unwind a deal or real-estate transaction over national-security concerns. The committee’s once low-profile work has grown in prominence as U.S.-China competition has ramped up, with the administration wielding export controls on sensitive technologies, reviews on outbound investments and other tactics to rein in Beijing’s ambitions.
   
• The background: Opposition to Chinese ownership of U.S. farmland in the name of economic and national security has become grist for political messaging. It is featured in more than $8 million worth of advertisements in the 2024 cycle alone, from both Democrats and Republicans, according to data from ad tracker AdImpact.

U.S. drugmakers are breaking up with their Chinese supply-chain partners. 

U.S. drugmakers and biotechs have come to rely on Chinese partners for manufacturing, research and ingredients. Now, some of them are looking for alternatives as geopolitical tensions rise.

From big pharmaceutical companies such as AstraZeneca to small biotechnology firms like Amicus Therapeutics of New Jersey, which is looking for a non-Chinese company to supply raw materials for its rare-disease treatment, the companies say it is time to reduce China risk.

• U.S. officials on Sunday said they were investigating reports that an American citizen had been detained in Iran.
   
• Known for his love of Cuban cigars and luxury Paris abodes, Riad Salameh has long been a part of this country’s loathed elite. But for a time, the public loved the central bank governor for steering Lebanon into the global middle class after its civil war ended, and then shielding it from the 2008 financial crisis. Now, Salameh is one of the most hated men in Lebanon.

Israel says commandos capture Hezbollah operative in rare raid by sea.

The Israeli military said Saturday commandos had slipped deep into Lebanese territory in a nighttime sea raid and captured a senior Hezbollah operative, in the first known abduction of its kind in more than a year of fighting.

Israel’s version of the Navy SEALs, called Shayetet 13, conducted the operation and brought the Lebanese national to Israel for interrogation, the military said. Lebanese security officials said the operation was swift, lasting about four minutes and involving some 20 commandos in the Mediterranean coastal city of Batroun, about 30 miles north of the Lebanese capital, Beirut.

• Iran Tells Region ‘Strong and Complex’ Attack Coming on Israel
• These Maps Show How the Middle East Conflict Is Spiraling

China policy meeting next week can tip economic recovery scales, or disappoint again.

China’s top legislative body gathers for a five-day meeting this week. Markets hope for a blockbuster fiscal package aimed at the economy’s weak spots. But optimists have been burned before and there’s a higher degree of skepticism this time around.

The Standing Committee of the National People’s Congress meets Monday and state media will likely report its decisions Friday.

• China Isn’t Planning a ‘Bazooka’ Stimulus—at Least Not This Year

• Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal.
   
• Thousands of North Korean troops deployed in Russia are poised to enter front-line fighting, according to Kyiv and Washington, an imminent move that the U.S. says would make Pyongyang’s forces legitimate military targets.
   
• When residents of La Torre, a neighborhood on the outskirts of the city, managed to pry open a garage on Mariano Brull Street, they were met with a tragic scene—the bodies of eight people, including one police officer.
   
• As foreign governments await U.S. election results, they are preparing for a more unpredictable partner in Washington, no matter who wins the presidency.
   
• Fitch Ratings affirmed Australia’s AAA sovereign credit rating with a stable outlook, even as it highlighted the country’s high debt relative to countries with similar ratings.
   
• Oil prices gained after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.

• Cast aside in favor of sons, some women say trauma of China's one-child policy shattered their sense of family.
   
• Donald Trump is pinning his political future on winning the votes of disaffected young men. Kamala Harris is doing the same with female voters—particularly moderates and independents.
   
• There’s a question dividing the medical practice right now: Is being a doctor a job, or a calling? For decades, the answer was clear. Doctors accepted long hours and punishing schedules, believing it was their duty to sacrifice in the name of patient care. They did it knowing their colleagues prided themselves on doing the same. A newer generation of physicians is questioning that culture, at times to the chagrin of their older peers.
   
• Restaurant chain TGI Fridays filed for bankruptcy protection, citing a problematic capital structure and fallout from the Covid-19 pandemic.

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