US Business

In a surprise move, Samsung Electronics replaced the heads of its three major business units and merged the company’s mobile and consumer electronics businesses into a single unit.

The listing could value the self-driving-car unit at more than $50 billion. It is the latest move by CEO Pat Gelsinger to revive the semiconductor giant’s fortunes.

Rep. Devin Nunes, the top Republican on the House Intelligence Committee, has told colleagues he plans to step down from Congress, a House Republican aide said.

The Tesla CEO took aim at a signature Biden administration legislative proposal and said China is adjusting to its growing position as a dominant world power in an interview with The Wall Street Journal.

Alibaba said it would reorganize its e-commerce teams and appointed a new chief financial officer, as the tech giant faces increasing competition in China, slowing growth and a plummeting stock price.

The network boss fired the star anchor on Saturday, leaving a hole in the channel’s prime-time lineup.

Activist Engine Capital sent a letter also pressing the department-store chain to consider a separation of its e-commerce business.

Federal regulators said cases have been identified in 16 states and that the Food and Drug Administration is already in conversations about streamlining authorization for revamped vaccines.

Recurring droughts add to challenges in the nation’s top milk producer, causing farmers to move, close or turn to growing crops. “We’re scared to death we’ll have one more dry year.”

The jobs report showed U.S. wages continue to rise at a brisk pace in November. Signs also emerged that wage growth may be moderating.