US Business

The telecom giant’s media retreat will pare debt and focus spending on competition with a newly empowered T-Mobile.

Cargo ships have been delivering their loads later than ever this year, adding to the supply-chain woes that are undercutting efforts by retailers and manufacturers to capitalize on resurgent economic demand.

AbbVie’s pricing practices for some of its top-selling medicines faced fresh scrutiny from federal lawmakers Tuesday, the latest effort by members of Congress probing the cost of prescription drugs.

The home-improvement retailer’s same-store sales rose 31% in latest quarter as growth in demand that began with the pandemic continued into 2021.

The retail giant said comparable sales rose 6% in the spring quarter compared with the same period last year. U.S. e-commerce sales rose 37%, the slowest online growth since the coronavirus outbreak.

Investment in new fossil-fuel supply projects must immediately cease if the world is going to slash net carbon emissions to zero by 2050, the Paris-based energy watchdog said.

The telecommunications giant is giving up its dreams of marrying content and distribution—one of the biggest about-faces in corporate deal history. Company plans to spin off HBO, CNN, Warner Bros. studio and other assets.

The Biden administration intends to share 20 million doses of Covid-19 vaccines produced by Moderna, Pfizer and J&J with other countries by the end of June.

The activist investor is seeking board seats at Duke and wants the company to form a strategic-review committee.

The iPhone maker’s chief executive is set to argue the company’s case against Epic Games’ antitrust claims.