Good morning. Ericsson has tapped its investigations team leader to be its new chief compliance officer, as the Swedish telecommunications-equipment company continues to serve a probation period imposed by the U.S. Justice Department after it breached an earlier settlement over bribery violations.

• Combining functions: Rebecca Rohr, an American who currently serves as Ericsson’s head of corporate and government investigations, has been appointed compliance chief, bringing both its investigations and compliance teams under a single leader, the company said on Tuesday.
   
• Departing predecessor: Jan Sprafke, Ericsson’s compliance chief since October, is leaving the company to pursue other opportunities. Sprafke, who joined Ericsson in 2020, served as the acting compliance chief for about eight months before being made permanent in the job.
   
• Background: The changes in Ericsson’s compliance team come as the company continues to repair its ethics and compliance programs after it pleaded guilty in the U.S. last March to violating foreign bribery laws. The Justice Department also fined Ericsson about $207 million after finding the company had breached a 2019 deferred prosecution deal.

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Seoul Semiconductor files patent lawsuit against Amazon with European court.

Seoul Semiconductor has filed a patent lawsuit against online retail giant Amazon.com with the newly created European Unified Patent Court.

The South Korean light-emitting diode manufacturer said in a statement Tuesday that the lawsuit aims to stop the distribution of products allegedly infringing on its patent rights throughout Europe.

New clues emerge about SEC’s interest in hospital landlord MPT.

It seems like a simple question for Medical Properties Trust to answer: Is the company the subject of a Securities and Exchange Commission investigation?

The nation’s largest hospital landlord has declined to say. But a new disclosure in the company’s latest annual report, filed last week, makes reference to “an increase in SEC enforcement activity and government investigations relating to certain of our assets and tenants.”

• Federal agencies are asking for public input as they probe the effects of private-equity investment that has washed over the healthcare sector in recent years, reports WSJ Pro Private Equity. (subscription required).
   
• An appeals court in Montenegro has rejected a lower court’s decision to extradite disgraced cryptocurrency entrepreneur Do Kwon to the U.S. to face trial on fraud charges.
   
• The International Criminal Court issued arrest warrants Tuesday for two Russian commanders it accused of targeting Ukraine’s power grid, ramping up an investigation into war crimes during Moscow’s invasion that earlier produced charges against President Vladimir Putin.

China sets high bar for growth—and turns to an old crisis playbook.

China projected confidence that the world’s second-largest economy could defy downbeat assessments, setting an official growth target of about 5% for this year in the face of intensifying economic headwinds from inside and outside its borders.

But Premier Li Qiang acknowledged that matching that same growth target that the leadership had set a year earlier—when the country was buoyed by optimism after the lifting of three years of Covid-era restrictions—would be an uphill climb.

• China Budgets 7.2% Rise in Military Spending

U.S. Health Department intervenes in Change Healthcare hack crisis.

The U.S. Health and Human Services Department said it would relax certain requirements around Medicare prescriptions and consider advance payments for struggling healthcare facilities, in the first major federal government action since a cyberattack crippled the flow of money through the health system two weeks ago.

Background: UnitedHealth Group-owned Optum said it was forced to disconnect over 100 systems at its Change Healthcare unit following a ransomware attack on Feb. 21. The move brought insurance payments and other services to a halt for providers across the U.S.

• Service on Meta Platforms’ Facebook, Facebook Messenger, Instagram and Threads resumed Tuesday after an outage knocked out the sites for hundreds of thousands of users around the world.
   
• Tesla halted production at its plant outside Berlin after what police said was a suspected arson attack on the power grid by opponents of the factory’s planned expansion.
   
• U.S. and Arab negotiators proposed a short pause in fighting in the Gaza Strip to buy time for a longer cease-fire between Israel and Hamas, as talks appeared stuck with time running out for a deal before a Ramadan deadline.
   
• Tensions mount in Israel’s war cabinet as its three members jockey for political clout and disagree over how to pursue the war in Gaza.

• The U.S. is lurching into a new phase in the 2024 presidential election: a one-on-one matchup between President Biden and former President Donald Trump, that is unlike any other contest in modern history.
   
• Nikki Haley plans to suspend her Republican presidential primary bid in a speech Wednesday morning, people familiar with her plans told The Wall Street Journal.
   
• Arizona Sen. Kyrsten Sinema said she won’t run for re-election and will retire after this term.
   
• The price of bitcoin soared to a fresh record Tuesday, exceeding its Covid-era high and putting an exclamation point on a rally that has taken Wall Street by storm.
   
• House Speaker Mike Johnson will host the parents of imprisoned Wall Street Journal reporter Evan Gershkovich at President Biden’s State of the Union address on Thursday.
   
• Cookie Monster is a blue furry muppet who lives on a fake street, but even he is sick of a real menace in supermarket aisles.

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