Good morning. The United Arab Emirates sent its national security adviser to Riyadh in September on a secret mission to dissuade Saudi Arabia’s crown prince from pushing an oil-production cut that would anger the U.S. and risk painting oil producers as Russian allies, people familiar with the trip said.

The Emirati official, Sheikh Tahnoun bin Zayed Al Nahyan, a brother of the U.A.E.’s president, met with Saudi Crown Prince Mohammad bin Salman and echoed Washington’s view that reducing output wasn’t economically necessary and warned of geopolitical fallout, the people said.

Prince Mohammad was unmoved, they said.

Saudi Arabia persuaded the OPEC+ group of 23 oil-producing countries at an Oct. 5 meeting to slash the amount of crude it pumps by 2 million barrels a day starting this month. On Tuesday, oil traded at around $94 a barrel, about 15% higher than before news of the planned cut spread in late September.

The ramifications of the dispute are likely to play out for months. The Biden administration is consulting with U.S. lawmakers as it considers what steps it should take to reshape its relationship with Saudi Arabia. Saudi officials expressed shock at the Biden administration contention that they were siding with Moscow and vowed to reassess their relationship with Washington as a result.

• Saudi Arabia, U.S. on High Alert After Warning of Iranian Attack

Speakers at the WSJ Risk & Compliance Forum on Nov. 16 include Brian Nelson from the U.S. Treasury Department and Robert Silvers from the Department of Homeland Security, along with multiple experts on corporate risk and compliance. Sign up here for discussions on economic sanctions, forced labor, climate change regulation, whistleblowers and cybersecurity.

The Financial Crimes Enforcement Network reports that last year saw a major increase in both the number and the dollar value of ransomware incidents reported by financial institutions. Of these, the agency says roughly 75% can be linked to Russia.

Leidos Holdings Inc., an information-technology and engineering services firm, received dual subpoenas in recent months in connection with criminal investigations into potential foreign bribery and antitrust violations, Risk & Compliance Journal's Dylan Tokar reports.

The Reston, Va.-based company was served with a grand jury subpoena in August related to an investigation by the Justice Department’s antitrust division, Leidos said on Tuesday. The probe is the second ongoing criminal investigation disclosed by Leidos this year.

The disclosure comes amid ramped up enforcement of antitrust laws, part of a campaign by the Biden administration to counter the growing competitive clout of big companies in the technology and food sectors, among others.

• Chief Justice John Roberts temporarily blocked a House committee from obtaining Donald Trump’s tax returns, issuing an administrative order Tuesday suggesting the Supreme Court won’t act on the former president’s emergency plea to shield his finances from congressional investigators until after next week’s midterm elections.

Three more ships carrying grain left Ukrainian ports despite threats by Russia to stop such traffic in the Black Sea.

Since Russia over the weekend pulled out of a deal to safeguard Ukrainian grain shipments, Turkey and the United Nations have worked closely with Ukraine to keep a so-called grain corridor, opened in the summer, running smoothly. The deal has allowed millions of tons of Ukrainian grain to reach world markets, tempering global prices.

• Breaking: Russia Says It Will Rejoin Ukraine Grain-Export Deal
• Ukraine Races to Restore Electricity, Water After Russian Strikes
• Russian Oligarch and Putin Critic Renounces Citizenship Over War

• Job openings in the U.S. rose in September from the prior month in a still-tight labor market where demand for workers continued to far outpace the number of unemployed people looking for work.
   
• Former Israeli Prime Minister Benjamin Netanyahu appeared to hold a slight edge over his rivals in exit polls for Israel’s fifth election in four years, but the projections showed his lead as marginal and the outcome could change as more votes are tallied.
   
• Brazil’s President Jair Bolsonaro on Tuesday vowed to respect the constitution after he lost the presidential election to Luiz Inácio Lula da Silva, ending a tense silence of 45 hours in which he had refused to acknowledge the results even as his allies urged him to do so.

Dentsply Sirona Inc. plans to restate its earnings and strengthen controls around financial reporting after wrapping up an internal investigation that delayed its quarterly filings for months and put the dental-products maker at risk of delisting.

The Charlotte, N.C.-based company, which makes X-ray machines and dental drills, in March began investigating its use of incentives to sell products to distributors last year and whether it properly accounted for those incentives. On Tuesday, Dentsply said it found it used incorrect accounting and assumptions in determining estimates tied to provisions for sales returns and warranty reserves.

Dentsply on Tuesday said a Securities and Exchange Commission investigation over these issues is ongoing. In May, the company said it voluntarily contacted the regulator about its internal reviews.

Johnson & Johnson agreed to buy heart-device maker Abiomed Inc. in a $16.6 billion deal that the health-products giant hopes will accelerate its overhaul into a leaner, faster-growing company.

Under the terms, J&J agreed to pay $380 a share upfront, and would pay an additional $35 a share if certain milestones are met. 

J&J, the world’s largest maker of healthcare products by sales, is pursuing its biggest deal in several years as it adapts to a changing healthcare market.

• HSBC Holdings PLC’s chief financial officer decided to leave the company after becoming impatient with the timetable for the chief executive job to open up, according to people familiar with the matter.

Elon Musk is looking to quickly boost Twitter Inc.’s revenue by embracing subscriptions, a strategy that has had limited success in the social-media business.

Mr. Musk has been saying since before completing his $44 billion takeover of Twitter that it needs to rely less on the digital advertising dollars that account for nearly 90% of its total sales. Since the acquisition closed last week, he and the lieutenants advising him have emphasized the idea of charging for Twitter’s user-verification process. That service, which adds a blue check mark on the accounts of those who are verified, is currently free, but only accounts that Twitter deems “notable” can get it.

The Musk team’s proposals have generated pushback from some users, prompting Mr. Musk to tweet late Monday: “We need to pay the bills somehow! Twitter cannot rely entirely on advertisers.”

• The Biden administration is starting to dole out billions of dollars for nascent climate industries such as battery metals. That is putting pressure on banks and investors to step up with additional funds to make good on their climate promises.
   
• As Google faces years of regulatory scrutiny over whether it has abused its market power in ad tech—from the European Union and U.K. to the U.S. Department of Justice and a coalition of states led by Texas—the message that it’s a small share of the company’s revenue stands in contrast to its determination to hang onto the business.
   
• Overall demand for semiconductors may be softening, but Toyota Motor Corp. says it still can’t get its hands on enough chips.
   
• BP PLC reported robust natural-gas trading profits and said it would buy back another $2.5 billion in shares, the latest mark of a year that has rained cash on oil giants while consumers and businesses struggle to pay energy bills.

Two large advertising companies recommended that their clients temporarily pause their paid advertising on Twitter, the latest example of Madison Avenue’s cautious stance toward the site after Elon Musk’s takeover.

“The current situation is unpredictable and chaotic, and bad actors and unsafe behaviors can thrive in such an environment,” Interpublic Group Cos. wrote in an email Monday that was reviewed by The Wall Street Journal. “At this moment, we cannot confidently state that Twitter is a safe place for brands.”

Havas Media is also recommending that clients temporarily pause their Twitter ads in the U.S. because of concerns about the company’s ability to monitor its content, according to people familiar with the matter.

A Twitter spokeswoman declined to comment.