Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

In AI deal under fire, GM gets political and China claps back. It's just another Monday here on Wall Street Breakfast.

Thanks for joining us today. It's May 19th. I'm Julie Morgan.

Shares of Alibaba fell on Monday after the New York Times reported that the Trump administration has raised concerns over the company's potential deal with

Apple. Shares dropped as much as 4.8% in Hong Kong, leading declines on the Hangsang China Enterprises Index. The New York Times

reported that the White House was scrutinizing Alibaba in Apple's recent agreement to put Alibaba's

AI on Apple's iPhones in China. The news delivers another setback to Alibaba whose shares have been declining in recent sessions

after its quarterly revenue fell short of expectations. In February, the chairman said Apple's iPhones

will use his company's AI technology. Apple had been working with other Chinese tech companies,

including Baidu, on bringing Apple intelligence to China. The company also considered working with other Chinese tech companies, including Baidu, on bringing Apple intelligence to China.

The company also considered working with Bite Dance, the owner of TikTok, Tencent, and Deepseek.

However, Deepseek was ruled out because it did not have enough manpower and experience to support Apple,

according to the information.

The iPhone maker's sales from China fell 2.3% in the quarter ended March 29th, as it struggled to fend off local rivals, including Xiaomi and Huawei Technologies.

General Motors is urging lawmakers to block California's ambitious zero-emissions vehicle mandate.

The Wall Street Journal reported on Sunday that GM sent a message to thousands of employees last week,

calling for help in lobbying U.S. senators to overturn California's regulation,

banning new gas-powered car sales by 2035.

The rule adopted by 11 other states is now at risk as Congress prepares to vote on revoking the state's ability to set its own emission standards.

GM wants an early supporter of California's goals is now warning that the rules don't reflect current market conditions and could undercut affordability and choice for consumers.

Although GM set an internal goal in 2021 to end cells of most gasoline-only vehicles by 2035, slowing EV cells and shifting political winds have altered the

company's calculus. China announced on Sunday that it will implement anti-dumping tariffs on

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