House Republicans are investigating flaws in government vetting processes after federal research funds were paid to a UCLA AI expert with ties to China. A Senate report from 2019 revealed Chinese government access to federally funded research. Screening research grant applicants has become a significant challenge for federal agencies, risking $200 billion of research and development funding. It is essential for the government to address these weaknesses and improve information sharing to protect American science and technological advantages.

HSBC has been fined £57.4 million by the Bank of England's PRA for not having adequate systems and controls to make prompt payments in case of a collapse. Their historic depositor protection failings were not properly disclosed to the watchdog. This development impacts the economy and raises concerns about the bank's ability to handle potential financial crises.

Contradictory reports emerge regarding the sacking of the Ukrainian army chief, leading to tensions between President Volodymyr Zelensky and the commander-in-chief. While the president's office denies the sacking, both the press secretary and defense ministry also deny these reports. The situation raises questions and uncertainty within Ukraine.

The Digest, 1/30/2024 @200AM, CDT

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