Good morning. Attempts to defy a law meant to crack down on the use of forced labor in China’s Xinjiang region won’t succeed, a top U.S. official said, adding that the government has cast a wide net as it seeks out offending goods.

The U.S. will scrutinize goods from across China and elsewhere in its forced-labor crackdown, and attempts to obscure a Xinjiang connection will fail, Robert Silvers, an undersecretary in the Department of Homeland Security, said at the WSJ Risk & Compliance Forum on Wednesday.

“My message is that that’s not going to work,” he said. “We’re looking more broadly than [Xinjiang], and we have the bandwidth and resources to do so.” He added, “That includes Greater China…It also includes other countries.”

Businesses have grappled with tough new U.S. expectations that they improve scrutiny of their sometimes convoluted, multitier supply chains.

Dollar Tree Names New Compliance Chief

Dollar Tree Inc. has named Jennifer Bohaty as its new chief compliance officer.

Before joining the discount retailer, Ms. Bohaty served as global chief of ethics and compliance at LL Flooring Inc., formerly Lumber Liquidators, a retailer of hard-surface flooring. She also previously worked in product safety roles at toy company Toys ‘R’ Us and retail chain Target Corp.

Dollar Tree, which had around 16,000 stores as of late July, said comparable sales rose 4.9% as of the end of the second quarter, the latest figures available. The company, which owns the Dollar Tree and Family Dollar chains, said consumers are shifting spending to more essential purchases such as food. The company in late June saw an executive reshuffle, including the departure of its chief financial officer and chief legal officer, as it faced pressure from an activist investor to improve its performance.

–David Smagalla

A top employee at cryptocurrency derivatives trading exchange BitMEX was sentenced to 12 months probation Wednesday in federal court in Manhattan after pleading guilty to violating U.S. anti-money-laundering rules.

Gregory Dwyer, a 39-year-old native of Australia, was one of the first employees at the exchange and its onetime head of business development. U.S. prosecutors alleged Mr. Dwyer and the exchange’s founders failed to implement anti-money-laundering and know-your-customer programs, as required by U.S. law.

He pleaded guilty to one count of violating the Bank Secrecy Act in August. Under the plea agreement, Mr. Dwyer also agreed to pay $150,000 in fines.

• Several former SpaceX employees alleged that the company violated federal labor law when it fired them after they took issue with CEO Elon Musk’s behavior online and SpaceX’s internal culture, the former employees’ attorneys said.
   
• Elizabeth Holmes is scheduled to be sentenced on Friday, and the Theranos Inc. founder could be joining a list of notable white-collar criminals to serve time in prison.

The U.K. government said a Chinese-owned company must unwind its acquisition of a British computer-chip factory more than a year after the takeover was completed because the deal posed a risk to national security.

In a decision published late Wednesday, the U.K. ordered Nexperia BV—a Dutch subsidiary of China’s Wingtech Technology Co.—to sell at least 86% of Newport Wafer Fab, a manufacturing facility in Wales.

The order is the latest sign of how Western governments are seeking to prevent Chinese ownership of key assets, adding to recent moves in Canada and Germany. The decision also followed lobbying from the U.S., The Wall Street Journal has previously reported.

Tim Draper, a venture capitalist known for his early bets in Tesla Inc. and SpaceX, is feeling good about his decision to stop investing in China.

In an interview in Taiwan, where he is pursuing new investments, Mr. Draper slammed China’s Xi Jinping, whom he called a “weak leader,” saying the country is going backward after more than four decades of former leader Deng Xiaoping’s “reform and opening up” policy.

Russian forces launched another barrage of missiles across Ukraine targeting the capital Kyiv and other cities on Thursday, killing at least 15 people days after the Kremlin’s military carried out some of the heaviest bombing of the entire war, officials said.

Kyiv regional Gov. Oleksiy Kuleba told residents to go to air-raid shelters while the region’s air defenses were firing. A missile also struck an infrastructure facility in Odessa, the first time the region has been hit in weeks, according to the head of the area’s military administration.

• Swedish authorities investigating a series of blasts that damaged undersea natural-gas pipelines in the Baltic Sea said they had found traces of explosives on several foreign objects nearby, a potential break in an international probe into who was responsible for what authorities have called sabotage.
   
• The Biden administration told a U.S. court that Saudi Crown Prince Mohammed bin Salman’s status as a sitting head of government shields him from a civil lawsuit brought by the fiancée of slain Saudi journalist Jamal Khashoggi.
   
• China reported more than 24,000 new locally transmitted Covid-19 cases, according to data from the National Health Commission on Friday, edging closer to the high point seen during Shanghai’s monthslong lockdown earlier this year.

Meta Platforms Inc. has fired or disciplined more than two dozen employees and contractors over the last year whom it accused of improperly taking over user accounts, in some cases allegedly for bribes, according to people familiar with the matter and documents viewed by The Wall Street Journal.

Some of those fired were contractors who worked as security guards stationed at Meta facilities and were given access to the Facebook parent’s internal mechanism for employees to help users having trouble with their accounts, according to the documents and people familiar with the matter.

Activision Blizzard Inc. is halting most online game services in China in January, including “World of Warcraft,” “StarCraft” and “Diablo III,” as it and China’s NetEase Inc. end a 14-year licensing partnership.

One obstacle to renewing the deal was a disagreement between the two parties over how Chinese players’ data is controlled, people familiar with the negotiations said

When FTX faced a liquidity crunch, the auditor of its U.S. unit seized the moment to promote its services for other crypto companies that were under the spotlight.

It is a “great time to remember” Armanino LLP’s specialized crypto assurance, the firm tweeted last week, referring to a product that verifies customer assets held by crypto firms.

There is a race among crypto brokers, lenders and exchanges to calm their anxious clients by getting the blessing of an auditor. But the type of audits they are getting and the collapse of an audited firm such as FTX shows how far that sector is from a traditional regulated, scrutinized industry.

• FTX Disclosed Related-Party Transactions but Didn’t Name Names

Boeing Co. said on Thursday that it was replacing the head of its space business as part of a broader restructuring aimed at reversing losses at its defense unit.

Kay Sears will take over a new space, intelligence and weapons-systems operation as part of defense chief Ted Colbert's consolidation of the military business into four units, from eight at present, with immediate effect. Jim Chilton will continue to run the space and launch business until February.

Hub Group Inc. said David Yeager, who has been chief executive of the provider of rail-focused freight services for more than a quarter of a century, is retiring and handing the reins to his son, Phillip D. Yeager, on Jan. 1.

Twitter Inc. suffered a new wave of departures Thursday to its already depleted workforce after many employees rejected Elon Musk’s demand that they commit to working “long hours at high intensity” in order to stay.

Many staffers spent the past day weighing their options, after waking up Wednesday to an overnight email in which Mr. Musk told them to fill out a form by Thursday, 5 p.m. ET, to indicate if they want to remain at the company and are willing to be “extremely hardcore.” Employees who don’t opt in will be given three months of severance, Mr. Musk said.

• Musk Takes a Hard Line on Quiet Quitters

• Pro-union Starbucks Corp. workers said they walked out of U.S. stores Thursday, aiming to push the company to bargain for higher pay and improved staffing levels.
   
• Amazon.com Inc. chief executive Andy Jassy said that layoffs under way at the tech company are the most difficult decision he has made since taking over from Jeff Bezos last year.
   
• FTX suffered a “complete failure of corporate controls” that culminated in an “unprecedented” debacle, its new chief executive said Thursday.
   
• After two years of disruption, supply chains are almost back to normal. That means shelves should be fully stocked, and some prices actually will be lower this holiday season, industry executive and analysts say.