Business

WASHINGTON (AP) — A panel of federal health advisers voted Wednesday to recommend approval for an experimental drug to treat Lou Gehrig’s disease, a remarkable turnaround for the much-debated medication that was previously rejected by the same group earlier this year. The... Read More

DALLAS (AP) — Drugstore operator CVS Health Corp. said Monday that it will buy home-health provider Signify Health for $8 billion. CVS said Signify has more than 10,000 employees including physicians and nurses, a presence in every state, and offers... Read More

ANDERSON, S.C. — Robert Bosch, the German engineering giant, is investing $200 million in an existing plant in South Carolina to transform it into the company’s first North American site producing hydrogen-powered fuel stacks for future electric vehicles. The fuel... Read More

WASHINGTON — The Federal Trade Commission is suing the online roommate and housing application Roomster for allegedly profiting to the tune of $27 million from fake reviews and fraudulent listings, it announced Tuesday. “Roomster polluted the online marketplace with fake... Read More

CAMBRIDGE, Mass. — Pharma giant Moderna sued Pfizer and BioNTech on Friday, claiming that their popular COVID vaccine was copied from groundbreaking science Moderna performed. In a statement posted on its website, Moderna said Pfizer and BioNTech infringed on patents... Read More

HOUSTON — 1PointFive and Manulife Investment Management have entered into a lease agreement for approximately 27,000 acres of timberland in western Louisiana for a carbon capture and sequestration project. The agreement provides 1PointFive with access to subsurface pore space and... Read More

HOUSTON — Phillips 66 and Zurich, Switzerland-based H2 Energy Europe have entered into a 50-50 joint venture to set up and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark. The new venture, to be called... 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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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