Plus, Texas goes after Wall Street’s stock-exchange duopoly, and Apple alleges OpenAI stole trade secrets to develop competing devices.
Washington’s Bet on Intel Is Starting to Pay Off
US Business
Airbnb to Quit China Business Amid Lockdowns, Competition
The home-sharing company plans to shut its domestic operations in the country, but continue to serve Chinese travelers booking overseas properties.
US Business
U.S. Spending Boost Is Adding Fuel to Economic Growth
Consumer spending rose 0.5% in April as Americans extended a spending binge and continued to catch up on activities they held off on during the pandemic, propelling a broad economic recovery.
US Business
Philip Morris Raises Offer for Swedish Match, Buy U.S. Rights for IQOS
The tobacco giant said it will pay $2.7 billion to regain U.S. rights for its IQOS heated tobacco products from Altria.