US Business

The Committee on Foreign Investment in the U.S. has set Nov. 27 as the new deadline for a deal to turn the social-media app into an American company.

President-elect Joe Biden ran on an agenda he said would empower American workers, but his ability to follow through will be limited if the GOP retains control of the Senate.

Retailers say there is higher demand for some staples, but shoppers aren’t stockpiling as much as they did in the spring.

Tesla Chief Executive Elon Musk, who has repeatedly played down the risk of the coronavirus since early in the pandemic, says he tested both positive and negative for Covid-19.

Disney posted its second consecutive quarterly loss, as the effects of the pandemic ravaged core businesses like theme parks and movie distribution that aren’t expected to return to normal in the foreseeable future.

The Commerce Department’s action delays implementation of a regulation, set to take effect Thursday, that would effectively make the video-sharing app inoperable in the U.S.

Twitter said labels and warning messages on tweets it deemed misleading decreased the spread of misinformation on the platform during the election season.

Senior government leaders were furious about the wealthy entrepreneur’s criticisms of regulators in an Oct. 24 speech. The rebuke was the culmination of years of tense relations between China’s most celebrated entrepreneur and a government uneasy about his influence.

A petition filed by ByteDance says the U.S. government’s decision to force a TikTok deal was “arbitrary and capricious” and denied the company due process under the law.

Facebook and Google plan to continue banning political ads on their platforms for the next several weeks to prevent confusion about election results.