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Illustration:Rebecca Zisser/Axios

PatientsLikeMe, a health-tech startup that connects patients with similar medical conditions, is being forced to find a buyer after the Committee on Foreign Investment in the U.S. (CFIUS) ordered Chinese firm iCarbonX, its majority owner, to divest its stake in the company.

The big picture: This is the latest sign of the Trump administration's growing concern over Chinese ownership of U.S. firms that collect consumer data. CFIUS ordered Beijing Kunlun Tech to give up its control of Grindr last week, arguing the Chinese firm's ownership of the app — which came under fire last year for sharing customers' HIV status — constituted a threat to U.S. national security.

Our thought bubble, per Axios' Ina Fried: The questions now are where the U.S. will draw the line when it comes to Chinese acquisitions and how far back it will go to unwind deals.

Go deeper: Nationalist concerns are splintering global tech

Go deeper

26 mins ago - World

China sanctions Wilbur Ross, 5 other Americans over Hong Kong warnings

Photo: Al Drago/Bloomberg via Getty Images

The Chinese government imposed sanctions on Monday against six Americans, including former Commerce Secretary Wilbur Ross, in response to an advisory from the Biden administration warning businesses of the increased risks of operating in Hong Kong.

Why it matters: It's the latest example of China responding furiously to U.S. attempts to shed light on human rights abuses in places like Hong Kong, Xinjiang and Tibet, which Chinese officials routinely condemn as "interference" in domestic affairs.

Updated 58 mins ago - Sports

Live updates: Olympics formally kick off with "sobering" opening ceremony

Naomi Osaka lights the Olympic cauldron. Photo: Maddie Meyer/Getty Images

After a year-long delay, the Tokyo Olympics are finally underway. But this year's largely spectator-less opening ceremony is a "sobering" event focused primarily on the athletes.

The latest: The cauldron in Tokyo has been lit, formally kicking off the Olympic Games. Tennis star Naomi Osaka had the honor of carrying the Olympic torch to light the cauldron.

2 hours ago - Sports

Cleveland Indians change name to "Guardians"

The Cleveland Indians baseball team announced Friday that it will change its name to the "Guardians," following years of activism and protests against a moniker considered offensive by many Native Americans.

Why it matters: It's the first time the team will change its name since 1915, a move that comes in the wake of the nationwide racial reckoning that began with the murder of George Floyd.