US Business

Former state utilities head Samuel Randazzo was accused of receiving more than $4.3 million from FirstEnergy and its affiliates to provide favorable official actions for the company.

CymaBay Therapeutics shares jumped nearly 25% and hit a new record high in early trading after the clinical-stage biopharmaceutical company agreed to be acquired by Gilead Sciences for $4.3 billion.

Atos shares fell after S&P lowered its ratings for the third time in less than a year, saying the IT group could face challenges or delays in addressing its liquidity shortage.

A consortium of investors including EQT have agreed to a €1.5 billion takeover of French digital music company Believe.

China controls the bulk of the world’s solar supply chain. Now, the U.S. is trying to build its own. It will be tough.

Companies tend to register in their home states or in Delaware—but states like Nevada and Texas are attracting powerful shareholders seeking an alternative legal environment.

Diamondback could announce a deal with the closely held Endeavor Energy Resources as soon as Monday.

Appliance manufacturers say energy-saving efforts are pushing the limits of physics. Others say pressure spurs innovation.

More than $70 million could be spent in bid to win everyday investors’ votes.

BASF cited allegations that its partner were involved in the repression of ethnic Uyghurs.