The Obama administration is close to announcing a number of measures to punish Russia for interfering in the U.S. presidential election, including economic sanctions, diplomatic censure and likely some covert cyber actions. Meanwhile, a journalist is suing U.S. spy agencies for more details on the hacking investigation. — [Ellen Nakashima / Washington Post]
As deeply as they disagree with Donald Trump over many issues, Silicon Valley leaders acknowledge that they see some promising signs in the new administration. High on the list: The prospect of fewer regulations and more favorable tax treatment of repatriated funds. — [Kara Swisher / Recode]
In a case that could signal more law enforcement interest in smart home devices, police investigating a murder in Bentonville, Ark., sought, but did not get, Amazon records of recordings made by a suspect’s Echo. — [Tom Dotan and Reed Albergotti / The Information]
South Korea’s antitrust regulator hit Qualcomm with a record $853 million fine, charging the chipmaker with abusing its dominant market position in the licensing of its patents. Qualcomm will appeal. — [Jungah Lee and Ian King / Bloomberg]
Panasonic will invest at least $256 million in a Buffalo, N.Y., Tesla factory that will produce solar cells and modules. The companies currently collaborate on battery cell production for cars and homes. — [Chisaki Watanabe and Dana Hull / Bloomberg]
China’s internet regulator indicated that the government will formalize a new review system on tech products that could require foreign companies to submit to security checks targeting encryption and data storage. — [Paul Mozur / New York Times]
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This article originally appeared on Recode.net.