Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations. Paid subscribers automatically have this list emailed directly to their inboxes every day by 10 a.m. EST. Subscribe here. The Wall Street Journal The Alibaba Spinoff Trade Loses More Steam — Recent hiccups probably won’t derail the firm’s restructuring, but the stock could struggle without further concrete signs of progress. U.S., Saudi Arabia in Talks to Secure Metals for EVs — Partnership could boost U.S. in race with China for cobalt while jump-starting Saudi mining industry. Beijing Throws China’s Housing Market a Bone — Policy paralysis of the past half year has given way to stronger signals that Beijing wants to support the market. The Financial Times China’s navy starts largest-ever exercises in Pacific Ocean —Subscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.