Good morning. The U.S. seized a Venezuelan-owned cargo jet with ties to Iran’s Islamic Revolutionary Guard Corps that had been grounded in Argentina after its arrival two years ago prompted an investigation into possible terrorism ties, Biden administration officials said.

• What happened? The Boeing 747, owned by Venezuela state airline Emtrasur, arrived in Florida on Monday, the Justice Department said. The plane had been sold to Emtrasur by Iran’s Mahan Air, a transaction the Justice Department said violated U.S. sanctions laws levied against the private Iranian carrier. Mahan has been blacklisted by the U.S. Treasury for alleged arms-trafficking.
   
• U.S. government comments: “Mahan Air, known to ferry weapons and fighters for the Islamic Revolutionary Guard Corps and Hezbollah, violated our export restrictions by selling this airplane to a Venezuelan cargo airline,” Matthew Axelrod, the U.S. assistant secretary of export enforcement, said in a statement. “Now, it’s property of the United States government.” The U.S. designates both the Iranian guards and the Lebanese militant group as terrorist organizations.
   
• Venezuelan reaction: On Monday, Venezuelan Foreign Minister Yvan Gil called the seizure “shameless robbery.”
   
• Background: The plane was grounded in June 2022 at the Ezeiza International Airport outside Buenos Aires after neighboring Uruguay denied the crew’s request to stop over for refueling. The crew had said it was transporting auto parts from Mexico, however some opposition politicians in Argentina said that was a cover for an intelligence operation in their country. The U.S. issued a seizure warrant for the aircraft shortly after it touched down in Argentina.

Former FirstEnergy executives and former public utility official indicted in Ohio.

Two former executives at FirstEnergy and the ex-chairman of the Public Utilities Commission of Ohio have been indicted on public corruption charges related to a nuclear bribery scandal in the state.

Ohio’s attorney general on Monday said that Charles Jones, the former chief executive of FirstEnergy; Michael Dowling, the former FirstEnergy senior vice president of external affairs; and PUCO ex-chairman Samuel Randazzo, have all been charged with 27 felony counts, which include one count of bribery.

GPB Capital founder faces $40 million lawsuit from former insider.

David Gentile, the founder and owner of troubled private-equity firm GPB Capital Holdings, faces a $40 million lawsuit from former firm executive David Rosenberg, reports WSJ Pro Private Equity (subscription required). Rosenberg says he is owed at least that much from the operation and sale of a group of auto dealerships that he once controlled.

What are the accusations? A complaint filed in Boston alleges that Gentile diverted all the profits from the dealership group to entities he controlled, GPB Prime Holdings and Automile Parent Holdings, and failed to provide Rosenberg with the roughly 7.4% share due him and related family trusts under an operating agreement with New York-based GPB. 

• Donald Trump asked the Supreme Court on Monday to pause a recent ruling that denied him blanket immunity for alleged crimes he committed as president.

How China miscalculated its way to a baby bust.

China’s baby bust is happening faster than many expected, raising fears of a demographic collapse. And coping with the fallout may now be complicated by miscalculations made more than 40 years ago.

The rapid shift under way today wasn’t projected by the architects of China’s one-child policy—one of the biggest social experiments in history, instituted in 1980. At the time, governments around the world feared overpopulation would hold back economic growth. Four decades later, China is aging much earlier in its development than other major economies did. The shift to fewer births and more elderly citizens threatens to hold back economic growth.

AI is starting to threaten white-collar jobs. Few industries are immune.

Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office.

The list of white-collar layoffs is growing almost daily and includes jobs cuts at Google, Duolingo and UPS in recent weeks. While the total number of jobs directly lost to generative AI remains low, some of these companies and others have linked cuts to new productivity-boosting technologies such as machine learning and other AI applications. 

• OpenAI Chief Executive Sam Altman’s plan to reshape the global semiconductor industry envisions pouring vast sums into a challenge that is far more complicated than money.
   
• Israel is proposing the creation of sprawling tent cities in Gaza as part of an evacuation plan to be funded by the U.S. and its Arab Gulf partners ahead of an impending invasion of a city in the strip’s south.
   
• Ukrainian President Volodymyr Zelensky’s decision to replace his top general last week was arguably his most consequential choice since opting to stay in Kyiv rather than flee in the early days of Russia’s invasion.
   
• History is littered with financial companies that were undone by one bad bet. Investors are worried that B. Riley Financial will be one of them.
   
• Turmoil in commercial real estate is sending jitters through regional banks and other lenders. But one group is pleased with the turbulence: investors sitting on piles of cash they raised to scoop up distressed properties.

PayPal said in a regulatory filing Monday that Aaron Karczmer, executive vice president and chief enterprise services officer, would leave April 30.

Karczmer, a former American Express executive, joined PayPal in May 2016 as chief compliance officer. His role has since expanded to include customer operations, risk policy and operations, regulatory and government relations and risk and compliance oversight, according to the company’s website.

• Vice President Kamala Harris in a recent interview cited her “capacity to lead” after stops on her abortion-rights tour.
   
• The Biden campaign has joined TikTok in an effort to reach younger voters despite national-security concerns over the app.
   
• China controls the bulk of the world’s solar supply chain. Now, the U.S. is trying to build its own. It will be tough.
   
• America’s biggest saltwater lake may hold a key to the country’s energy future.
   
• President Biden’s drive to send more aid to Ukraine took a big step forward, as the Senate passed a $95.3 billion package that also includes funds for allies Israel and Taiwan.

Follow us on X at @WSJRisk. Follow Risk & Compliance editor David Smagalla @DSmagalla_DJ and reporters Mengqi Sun @_MengqiSun, Dylan Tokar @dgtokar and Richard Vanderford @VanderfordRich.

You can reach us by replying to any newsletter, or email David at david.smagalla@wsj.com.