US Business

Overseas makers will need to apply with the agency to make shipments to the U.S., and safety and quality checks will follow.

The test, which was developed by Labcorp and can be sold directly to consumers online or at retail, can detect Covid-19, influenza and respiratory syncytial virus, or RSV.

The company will sell its business in Russia, joining a raft of Western companies leaving as the war in Ukraine continues. It expects to post a charge of between $1.2 billion and $1.4 billion in connection with the move.

Microsoft’s CEO is promising to boost employee compensation amid continued low unemployment across the U.S. and high inflation.

The Saudi oil giant said its net income rose 80% in the first quarter of this year, as state-owned oil giants reap profits from an energy-price boom caused by Russia’s invasion of Ukraine.

The U.S.-EU Trade and Technology Council had its first meeting in Pittsburgh last fall, which participants said helped forge ties that proved critical when the two economies joined to impose sanctions on the Kremlin following its Feb. 24 attack on Ukraine.

Many managers leading the company’s roughly 4,700 U.S. stores have been in their roles for at least a decade, and Walmart executives say they need to find a new generation to replace them.

Social media has grappled with phony accounts for years, raising questions about why Tesla CEO Elon Musk is talking about them again now.

Stock awards pushed median compensation to a sixth-straight record, and nine CEOs got packages of $50 million or more.

While supply disruptions are subsiding, without slower demand, inflation will still be too high for the Fed’s comfort to stop raising interest rates.