US Business

OxyContin maker Purdue Pharma has racked up $277 million in professional fees in the first nine months of its bankruptcy—four times as much as it spent on research and development, court records show.

Its quarterly sales rose 13% on sustained demand for its Azure cloud-computing service as customers shifted more work online during the coronavirus pandemic.

The U.S. has agreed to pay Pfizer and BioNTech nearly $2 billion to secure 100 million doses of their experimental coronavirus vaccine to provide to Americans free of charge.

Twitter said it would step up enforcement against followers of the QAnon conspiracy theory, becoming the first major platform to take aggressive action to limit the spread of a discredited movement that has festered online for years.

Boeing’s 737 MAX isn’t likely to resume widespread passenger flights until early next year—nearly two months beyond previous expectations—due to another regulatory delay, according to U.S. government and industry officials.

The two accused hackers also probed the cyber defenses of at least four American companies working on coronavirus treatment and testing in recent months, the indictment alleged.

The social media giant aims to study and address potential racial bias on its core platform and Instagram unit, in a departure from the company’s prior reluctance to explore the way its products affect different minority groups.

A Chicago restaurant’s demise illustrates a growing challenge facing U.S. eateries, as government aid runs out and breaks from landlords and suppliers come due at the same time coronavirus cases are rising sharply.

Groups of activists and unionized workers across the country participated in a walkout calling for an end to racism and for more corporate and government support of Black workers.

IBM’s second-quarter revenue fell 5.4% as the coronavirus roiled many of its corporate customers, although cloud-computing revenue rose 30%.