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US blacklists dozens of Chinese firms. Xi Jinping stays silent on Covid. One stock surged 1,595% in 2022. Here’s what you need to know today.

The US government is adding dozens of Chinese tech companies to a blacklist, ratcheting up a trade conflict between the world’s two largest economies. The Department of Commerce’s move means that anyone seeking to supply them with US technology will require a license from Washington — something that will likely be difficult to get. The US wants to limit the Chinese military’s access to advanced chipmaking and artificial intelligence technology. Get the full story and find out who’s on the list here.