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slash enhance. The US and China militaries have restored their dialogue with each other.

And banks will soon have access to a corporate ownership database.

Congress and administration are hoping that having the database will help law enforcement

and financial institutions to better tell the owners behind shell companies and in a way to disrupt

sanctions evasion, money laundering used by terrorists or bad actors.

Plus why billionaires are competing to buy a SpaceX rival.

It's Thursday December 21st.

I'm Anne Marie Fertoli for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

The US and China militaries have started talking again after a 16-month

rupture during which the U.S. said China's forces conducted dangerous

intercepts of American and Allied planes and ships.

The Pentagon's top officer spoke with his Chinese counterpart during a video conference today.

The Pentagon said they discussed global and regional security issues among other matters.

China's Defense Ministry cited Taiwan and the South China Sea as central topics.

The call is another sign that Washington and Beijing are trying to sustain positive momentum after a November summit

between President Biden and she-jimping just outside San Francisco.

And sticking with military headlines, a US House panel wants the Pentagon to explain the problems with its V-22 Osprey

tilt rotor aircraft after a series of crashes that have resulted in the deaths of dozens of

...