The two parties are exploring a “deferred prosecution agreement” that could see Meng, the CFO of Huawei Technologies who is currently detained in Canada, return to China. The deal would require Meng, accused of wire and bank fraud, to admit some wrongdoing in return for potentially deferred and later dropped charges. (The Wall Street Journal)

Talking point: Meng, who through a Huawei spokesperson declined to comment, has resisted the proposed deal so far, sources told the WSJ. Spokespeople for the Justice Department and Canada’s foreign minister also declined to comment. The deal could also see the two Michaels—Kovrig and Spavor, who were arrested in China shortly after Canadian authorities detained Meng—return to Canada, according to sources, who noted the men’s situation is in part motivating discussions. China has detained Kovrig and Spavor for nearly two years on charges of spying. Prime Minister Justin Trudeau declined to comment on the case on Friday, telling reporters his “top priority” is the return of the two Canadians. “Two years is a very long time to be in prison in China, or anywhere,” he said.