US Business

The surprise ruling, granting a request by Elon Musk, effectively ends negotiations and adds fresh uncertainty to efforts to close the $44 billion deal. Mr. Musk now has until Oct. 28 to do so.

The company cites a weaker-than-expected PC market and “significant inventory correction actions across the PC supply chain.”

The Beijing-based social-media giant saw its operating losses more than triple last year to above $7 billion as it spent heavily to continue its torrid growth.

The London-based company said it expects its third-quarter earnings to be hit by lower refining margins along with “significantly lower” profit from trading gas, as a global scramble for energy supplies riles markets.

The billionaire and the social-media platform are hashing out conditions tied to financing and dropping litigation over the stalled takeover.

The Biden administration is preparing to scale down sanctions on President Nicolás Maduro’s authoritarian regime to allow Chevron to resume pumping oil there, according to people familiar with the proposal.

The Delaware chancellor ordered Elon Musk’s team to search for more potential messages and said some encrypted communications were likely auto-deleted.

Billionaire’s latest about-face over his $44 billion deal to buy Twitter has him poised to take over a company that is weaker than it was before he tried to abandon the agreement—thanks in part to his own actions.

Executives say they cut orders and shifted inventory after seeing some troubling signs in credit-card spending.

An agreement would allow the social-media company and the billionaire to avert a high-stakes trial that was set to start soon; Twitter shares soar 22%.