Year: 2021

Ant Group, the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding company overseen by China’s central bank.

The antibody drug reduced the risk of developing symptomatic Covid-19 infection by 81% compared with a placebo in people living with someone infected by the new coronavirus, a study found.

Alibaba said it would invest in measures to support merchants on its platform, two days after China’s antitrust regulator imposed a record fine against the company for abusing its dominant position over vendors and rivals in the country’s e-commerce industry.

Vox Media is acquiring Cafe Studios, publisher of a podcast hosted by the former Manhattan U.S. attorney, part of a bid to expand its growing audio business.

Around four million American adults aren’t looking for jobs, not because they’re scarce but because of worries about catching or spreading the coronavirus. It means that a rebound in the U.S. workforce depends heavily on taming the pandemic.

Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, according to a Wall Street Journal analysis.

Hubs located far from the coasts emerged as beacons to job seekers and businesses during the pandemic.

President Biden will ask Congress to approve $1.52 trillion in discretionary federal spending next year, including increased outlays on education, healthcare, research and renewable energy, part of a concerted effort to boost nondefense spending as a share of the economy.

The sluggish progress of Covid-19 vaccination outside the U.S. is a key threat to the economic outlook, said Fed Chairman Jerome Powell.