US Business

Six months into Luca de Meo’s surprise appointment to lead the Kering conglomerate, the CEO is making bold moves. The rest of the luxury industry is watching closely.

The entertainment company is preparing to eliminate as many as 1,000 positions in the coming weeks.

Widespread damage to oil-and-gas infrastructure in the Persian Gulf region is keeping supplies tight and prices elevated.

Demand remains strong across all geographies for both business and leisure travel, said Chief Executive Ed Bastian.

Plus, stocks jump and oil plunges on the cease-fire news, and Mississippi boaters are losing the fight against flying fish.

The deal, valued at $2.9 billion, will expand Neurocrine’s endocrinology and rare-disease portfolio.

General Atlantic, Blackstone, and Hellman & Friedman are among the private-equity firms in discussions to back the project.

The Detroit company and other carmakers are reeling after a domestic supplier went offline, but the administration hasn’t budged.

With Elon Musk focused on artificial intelligence, investors and analysts are discussing a merger of his biggest companies.

Plus, the White House keeps Kristi Noem’s $70 million jet, and retailers use Paul Anthony Kelly’s past modeling work to capitalize on his JFK Jr. role.