Good morning. Florida fired a new broadside in a growing rebellion against alleged safety failings of artificial-intelligence chatbots, becoming the first state to file a lawsuit against OpenAI and its chief executive, Sam Altman.

• The suit: The lawsuit, filed Monday by Florida Attorney General James Uthmeier, claims OpenAI and Altman knowingly released an unsafe product and ignored warnings that it could harm users.
   
• What Florida alleges: The 83-page suit alleges that OpenAI allowed ChatGPT to aid and abet mass shooters, encouraged people to take their own lives, degraded users’ critical thinking skills and addicted minors to a tool that feigns human compassion.
   
• OpenAI’s response: A spokeswoman for OpenAI said the company believes minors need significant protection from AI, and has put in place protections and policies, such as an age prediction tool and tools for parents to monitor their children’s use of AI. She also pointed to steps OpenAI has taken to work with external partners on safety testing and findings that newer versions of ChatGPT have shown improvement over previous models in how they handle sensitive interactions.

China tightens rules on outbound investment in fight for global tech edge.

China’s government moved to tighten scrutiny over outbound investment, hardening the geopolitical fault lines around artificial intelligence amid an intensifying technological rivalry with the U.S.

Why? The new rules, which China’s cabinet, known as the State Council, approved in April and which were published Monday, are part of Beijing’s playbook to prevent technology it views as critical to its national security from seeping beyond its borders.

Background: The rules provide the clearest legal basis yet for Beijing to restrict cross-border dealmaking between Chinese AI companies and foreign firms. It follows Beijing’s move in April to force Meta Platforms to unwind its $2.5 billion acquisition of Chinese AI startup Manus.

FTI to pay $1 million over alleged Russia sanctions violation.

FTI Consulting has agreed to pay about $1 million to settle allegations that it violated U.S. sanctions on a Russian state-owned bank, Risk Journal's Max Fillion reports. (free link)

The consulting firm improperly extended debt to VTB Bank by doing consulting work despite not having its invoices paid, the U.S. Treasury Department’s civil sanctions unit said Monday.

Background: The U.S. imposed sanctions on VTB in 2014 in response to Russia’s efforts to destabilize Ukraine.

• Brussels’ public prosecutor is close to summoning payment processor Wise Group before a criminal court following an investigation into potential money laundering offenses.
   
• Risk Journal reports: The Treasury Department needs to do more to collect corporate ownership information for U.S.-based companies, a Congressional watchdog agency said. (free link)
   
• Illinois lawmakers approved a bill to prevent private-equity firms from influencing law firms, as more states consider limits on buyout deals in the legal field.
   
• The U.S. Bureau of Industry and Security issued guidance over the weekend clarifying that a license is required under the Export Administration Regulations to export advanced computing items to entities in countries subject to arms embargo controls, or whose parent company is subject to the controls. (free link)
   
• Self-driving tractor-trailers on America’s highways? The chief executive of FedEx Freight says the technology is ready. When those trucks hit the roads is up to the regulators.

Trump pushes to end Lebanon conflict in hope of unlocking a deal with Iran.

President Trump on Monday aimed to quash a growing conflict between Israel and Hezbollah that threatened to derail his peace talks with Iran, declaring that both sides had agreed to stop fighting and that Israeli Prime Minister Benjamin Netanyahu had called off attacks in Lebanon.

Hezbollah agreed to the terms, according to Lebanon’s embassy in Washington. Netanyahu said he would attack “terror targets in Beirut” if Hezbollah continued targeting Israel. Israeli forces would continue operating in southern Lebanon, Netanyahu added.

Trump’s moves, which included a phone call to Netanyahu, appeared to be aimed at preventing U.S. negotiations with Iran from collapsing. The fighting in Lebanon had become a major sticking point in end-of-war talks as Iran considers the conflict a violation of the U.S.-Iran ceasefire. Trump received briefings in recent weeks that the Israel-Hezbollah conflict was one of the key reasons why Iran remained unwilling to make a deal with the U.S., Trump administration officials said.

• Trump Wants Arab States to Recognize Israel. The War Has Made That Harder.
• U.S. Presses Neutral Oman to Pick a Side and Cut Ties With Iran

• Government subsidies have driven most of the increase in the global market share of Chinese businesses over the past two decades as they have received three to eight times more support than their competitors, the Organisation for Economic Cooperation and Development said Monday.
   
• They are the 18-wheelers of the shipping world — large oil tankers that keep crude supplies flowing. But there’s doubt that the massive tankers will be returning in quite the same numbers to the Middle East even if the Strait of Hormuz eventually reopens and any deal to end the conflict is a lasting one.
   
• Cheng Li-wun, chairwoman of Taiwan’s Kuomintang, is set to begin a two-week U.S. tour that is billed as a peace mission.
   
• Nearly 1,000 workers at a Michigan automotive supplier went on strike, stalling the production of key parts for General Motors’ midsize and full-size pickup trucks.
   
• Abelardo de la Espriella, a far-right populist, advanced to a runoff in Colombia’s presidential election with 44% of the vote.

• The Trump administration on Monday signaled a retreat on its nearly $1.8 billion “anti-weaponization” fund, which met powerful pushback from members of Congress and threatened to derail the president’s efforts to pass immigration enforcement funding.
   
• Anthropic, the artificial intelligence lab recently valued at nearly $1 trillion, said Monday it has filed confidentially for an initial public offering, setting up a blockbuster year for IPOs.
   
• Google parent Alphabet on Monday announced a plan to issue $80 billion in equity to finance enormous capital expenditures tied to the artificial-intelligence race.
   
• Rioting erupted in Paris after Paris Saint-Germain won the Champions League final, injuring over 200 people and leading to 890 detentions nationwide.
   
• No promotion. No notable raises. Not yet 40. You aren’t alone.

Follow us on X at @WSJRisk. Send tips to our reporters Max Fillion at max.fillion@dowjones.com and Richard Vanderford at richard.vanderford@wsj.com.

You can also reach us by replying to any newsletter, or by emailing our editor David Smagalla at david.smagalla@wsj.com.