Senate Democrats plan to announce Wednesday that they’ll begin drafting a new comprehensive bill to enhance US economic competition with China and prepare a response in case of Chinese aggression against Taiwan.
The threat of recession is making debt securities a safer bet, while the stock market is yet to price in those risks.
Wolfspeed Inc sees green tech subsidies in the European Union to attract production of semiconductors important for electric cars as on par with what’s on offer in the US.
The Mexican government is not currently considering giving state oil company Petroleos Mexicanos a capital injection this year to help pay upcoming debt, said Deputy Finance Minister Gabriel Yorio in an interview with Bloomberg News.
Eli Lilly & Co.’s shares climbed in early US trading after its experimental drug for Alzheimer’s slowed the progress of the disease in a final-stage trial, paving the way for the company to apply for US approval.
ImmunoGen Inc. shares gained the most in 34 years after the company’s targeted therapy succeeded in a trial against a hard-to-treat form of ovarian cancer.
Turmoil in global labor markets from Covid-19 and technological advances like artificial intelligence are aggravating gender disparity in the global workforce, according to LinkedIn Corp.’s Suzanne Duke.
Starbucks Corp. slumped after reaffirming its guidance despite handily beating sales and profit estimates in the most recent quarter.
Estée Lauder Cos. shares plummeted the most on record after the beauty company cut its forecast for the third time in six months, as travel recovers more slowly than expected in the key market of China.
Carmakers from Stellantis NV to Ford Motor Co. posted gains in the first quarter, but investors are signaling that the industry is headed for difficult times.
