Business

2022-08-19 19:01:28
by Dan McCue
HHS Preparing to Hand Off Control of Pricing, Coverage of COVID Shots

WASHINGTON — The Biden administration will reportedly convene a meeting on Aug. 30 with state health officials and executives from... Read More

WASHINGTON — The Biden administration will reportedly convene a meeting on Aug. 30 with state health officials and executives from the drug and pharmacy industries to lay the groundwork for transferring greater control of pricing and coverage for COVID-19 shots... Read More

Trump CFO’s Plea Deal Could Make Him a Prosecution Witness

NEW YORK (AP) — The chief financial officer of Donald Trump's company, Allen Weisselberg, is expected to plead guilty to tax violations... Read More

NEW YORK (AP) — The chief financial officer of Donald Trump's company, Allen Weisselberg, is expected to plead guilty to tax violations Thursday in a deal that would require him to testify about illicit business practices at the Trump Organization, two people... Read More

Companies Facing First Tax on Stock Buybacks in Biden Bill

WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care:... Read More

WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill... Read More

2022-08-11 12:59:18
by Madeline Hughes
FCC Rejects Subsidies for Musk’s Starlink, LTD Broadband

WASHINGTON — The Federal Communications Commission officially denied applications from SpaceX to deploy Starlink satellites to help bridge the broadband... Read More

WASHINGTON — The Federal Communications Commission officially denied applications from SpaceX to deploy Starlink satellites to help bridge the broadband gap and from another company, LTD Broadband, that would expand its wireless internet. “After careful legal, technical and policy review,... Read More

Trump Says He's Testifying Wednesday in NY Investigation

WASHINGTON (AP) — Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his... Read More

WASHINGTON (AP) — Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul, he confirmed in a post on his Truth Social account. Trump’s testimony comes amid... Read More

Billions Pour Into Bioplastics as Markets Begin Ramping Up

CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants —... Read More

CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural,... Read More

Pfizer Buying Spree Continues With $5.4B Hematology Deal

Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of... Read More

Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. Pfizer said Monday that the acquisition will boost its capabilities in rare... Read More

2022-08-08 13:18:14
by Kate Michael
Employers Worldwide Clamoring for ESG-Skilled Workers

WASHINGTON — More than seven in 10 employers are looking to hire talent for sustainability related initiatives over the next... Read More

WASHINGTON — More than seven in 10 employers are looking to hire talent for sustainability related initiatives over the next two years according to a study by NTUC LearningHub, which also found that the demand for specialized talent in the... Read More

2022-08-03 16:05:25
by Dan McCue
Pallone Blasts Oil Companies Over Profits As Consumers Suffer at the Pump

WASHINGTON — Rep. Frank Pallone, Jr., D-N.J., chairman of the House Energy and Commerce Committee ripped into four major oil... Read More

WASHINGTON — Rep. Frank Pallone, Jr., D-N.J., chairman of the House Energy and Commerce Committee ripped into four major oil companies who reported record high profits in the first half of the year as consumers continued to suffer sticker shock... Read More

Stephen King Set to Testify for Govt in Books Merger Trial

WASHINGTON (AP) — As the Justice Department bids to convince a federal judge that the proposed merger of Penguin Random House... Read More

WASHINGTON (AP) — As the Justice Department bids to convince a federal judge that the proposed merger of Penguin Random House and Simon & Schuster would damage the careers of some of the most popular authors, it is leaning in part on... Read More

2022-07-28 20:49:12
by Madeline Hughes
Bipartisan Policy Center Digs Into Proposed Tech Antitrust Law

WASHINGTON — The proposed antitrust legislation aimed at large online companies in the Senate hinges on the courts to enforce... Read More

WASHINGTON — The proposed antitrust legislation aimed at large online companies in the Senate hinges on the courts to enforce the potential law to stop big online platforms from self-preferencing by placing their products and services first, which will open... Read More

2022-07-26 12:29:31
by Tom Ramstack
Senate Heads to Final Vote on Semiconductor Subsidies

WASHINGTON — The Senate voted Tuesday to advance a $52 billion bill that would subsidize and provide incentives for computer... Read More

WASHINGTON — The Senate voted Tuesday to advance a $52 billion bill that would subsidize and provide incentives for computer chip production in the United States. The procedural vote to end debate on the CHIPS Act means a final vote... Read More

2022-07-22 14:45:46
by Kate Michael
Copper Shortage Could Stymie Net-Zero Energy Goals

WASHINGTON — A shortage of one essential material could curtail America’s transition to new sources of clean energy according to... Read More

WASHINGTON — A shortage of one essential material could curtail America’s transition to new sources of clean energy according to a new report from S&P Global. The world’s copper supply is unlikely to be able to meet demand for all... Read More

2022-07-22 13:20:15
by Tom Ramstack
Patent Office Accused of Allowing Politics to Decide Inventors’ Rights

WASHINGTON — Congress is trying to develop a method of depoliticizing a patent system closely tied to the vitality of... Read More

WASHINGTON — Congress is trying to develop a method of depoliticizing a patent system closely tied to the vitality of the U.S. economic system. Patents are a centerpiece of American technology and foreign trade, particularly in competition with China. Legal... Read More

2022-07-20 16:00:07
by Alexa Hornbeck
US No Longer Miles Ahead in Research and Development Rankings

WASHINGTON — The U.S. is no longer at the top in all areas of research and development, according to speakers... Read More

WASHINGTON — The U.S. is no longer at the top in all areas of research and development, according to speakers from a U.S. Chamber of Commerce Foundation event on Tuesday to examine how America can maintain its competitiveness. “It is... Read More

2022-07-19 20:29:04
by Madeline Hughes
Early Loss for Musk as October Date Set for Twitter Trial

GEORGETOWN, Del. — Twitter’s lawsuit will move forward in a five-day trial in October, Delaware Court of Chancery chancellor Kathaleen... Read More

GEORGETOWN, Del. — Twitter’s lawsuit will move forward in a five-day trial in October, Delaware Court of Chancery chancellor Kathaleen St. Jude McCormick ruled Tuesday. The ruling was a win for Twitter as the company had requested an expedited trial... Read More

2022-07-19 13:44:26
by Dan McCue
Union Station Starbucks Closing July 31

WASHINGTON — Commuters who use Union Station to travel to and from the district won’t have the Starbucks on the... Read More

WASHINGTON — Commuters who use Union Station to travel to and from the district won’t have the Starbucks on the station’s concourse to satisfy their coffee craving much longer. The multinational chain of coffeehouses announced Monday that it is closing... Read More

Retail Sales Up 1% in June, Easing Fears of a Recession

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at... Read More

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession.... Read More

2022-07-13 16:25:32
by Madeline Hughes
Twitter Suing Musk Claiming Attempt to Purchase Company Was ‘Elaborate Joke’

WASHINGTON — Twitter sued Elon Musk Tuesday after the world’s richest man attempted to back out of his $44 billion... Read More

WASHINGTON — Twitter sued Elon Musk Tuesday after the world’s richest man attempted to back out of his $44 billion deal to buy the social media company last week. The company calls his attempt to back out part of a... Read More

Looming Musk-Twitter Legal Battle Hammers Company Shares

NEW YORK (AP) — Shares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk... Read More

NEW YORK (AP) — Shares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in... Read More

2022-07-08 22:50:13
by Madeline Hughes
Musk Backs Out of Twitter Deal

WASHINGTON — Elon Musk is officially pulling out of his $44 billion bid to buy Twitter, according to a letter... Read More

WASHINGTON — Elon Musk is officially pulling out of his $44 billion bid to buy Twitter, according to a letter his lawyer sent to the Securities and Exchange Commission Friday.  According to his letter, Musk is backing out because Twitter... Read More

2022-07-08 15:54:36
by Natalie McCormick
Overturning Roe Has Birth Control and Emergency Contraceptives in High Demand

WASHINGTON — In the wake of the Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization, which overturned Roe... Read More

WASHINGTON — In the wake of the Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization, which overturned Roe v. Wade, demand for various forms of contraceptives, including the so-called morning-after pill, and long-lasting forms of birth control, has... Read More

2022-07-04 16:48:57
by Dan McCue
ExxonMobil, Shell to Pursue Carbon Capture and Storage Hub in China

IRVING, Texas — ExxonMobil and Shell are partnering with two Chinese entities — the China National Offshore Oil Corporation and... Read More

IRVING, Texas — ExxonMobil and Shell are partnering with two Chinese entities — the China National Offshore Oil Corporation and Guangdong Provincial Development and Reform Commission — to evaluate the potential for a world-scale carbon capture and storage project in... Read More

2022-06-29 19:06:48
by Reece Nations
Companies Embrace Future of Work Trends Post-COVID

SAN ANTONIO — The pandemic may have been the catalyst for workplaces around the country to adapt and solve common... Read More

SAN ANTONIO — The pandemic may have been the catalyst for workplaces around the country to adapt and solve common issues experienced before COVID-19 forced companies to change their everyday operations. Although the economy has largely recovered from COVID-19 following... Read More

2022-06-29 18:58:02
by Alexa Hornbeck
US Chamber of Commerce Health Summit Prioritizes Role of Value-Based Care

WASHINGTON — Attendees at the 9th Annual Health Summit held by the U.S. Chamber of Commerce focused on the role... Read More

WASHINGTON — Attendees at the 9th Annual Health Summit held by the U.S. Chamber of Commerce focused on the role of putting the consumer at the center when it comes to the business of health care. “At this point it's... Read More

2022-06-21 15:07:28
by Dan McCue
Business Groups Pushing Back Hard on SEC Emissions Reporting Proposal

WASHINGTON — Business groups and corporate lobbyists were among those pushing back hardest as the deadline elapsed Friday on a... Read More

WASHINGTON — Business groups and corporate lobbyists were among those pushing back hardest as the deadline elapsed Friday on a Securities and Exchange Commission proposal that would require companies for the first time to disclose their carbon emissions and climate... Read More

2022-06-15 14:58:51
by Dan McCue
Amazon, Cartier Sue Social Media Influencer, Businesses, Over Counterfeits

SEATTLE – Amazon and Cartier filed joint lawsuits against an unnamed social media influencer and eight businesses on Wednesday on... Read More

SEATTLE – Amazon and Cartier filed joint lawsuits against an unnamed social media influencer and eight businesses on Wednesday on claims they advertised, promoted, and facilitated the sale of counterfeit luxury goods through Instagram and other websites. The federal lawsuits,... Read More

US Has Over 750 Complaints That Teslas Brake for No Reason

DETROIT (AP) — More than 750 Tesla owners have complained to U.S. safety regulators that cars operating on its partially... Read More

DETROIT (AP) — More than 750 Tesla owners have complained to U.S. safety regulators that cars operating on its partially automated driving systems have suddenly stopped on roadways for no apparent reason. The National Highway Traffic Safety Administration revealed the... Read More

2022-06-01 21:36:48
by Madeline Hughes
Sheryl Sandberg Steps Down as Facebook Exec

WASHINGTON — Facebook CEO Sheryl Sandberg announced she is leaving the company this fall after 14 years. “Fourteen years later,... Read More

WASHINGTON — Facebook CEO Sheryl Sandberg announced she is leaving the company this fall after 14 years. “Fourteen years later, it is time for me to write the next chapter of my life,” she wrote in a Facebook post. “I... Read More

2022-06-01 17:40:04
by Dan McCue
Koch Companies Partner to Build Massive Solar Farm to Power Oil Refinery

ROSEMOUNT, Minn. – Two Koch companies are partnering to build what they say may be the largest solar installation of... Read More

ROSEMOUNT, Minn. – Two Koch companies are partnering to build what they say may be the largest solar installation of its kind in the United States to help power Minnesota’s largest oil refinery. The Flint Hills’ Pine Bend oil refinery... Read More

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