US Business

Microsoft agreed to purchase Nuance Communications for $16 billion, one of its biggest acquisitions under CEO Satya Nadella as the company looks to expand its range of software tools for customers.

The graphics-chip giant said its first processor for data centers would operate 10 times faster than existing chips in a market currently dominated by Intel.

The decision to move production of the coming film “Emancipation” out of the state adds to economic fallout following Republican-led efforts to pass new election laws.

Ant Group, the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding company overseen by China’s central bank.

The antibody drug reduced the risk of developing symptomatic Covid-19 infection by 81% compared with a placebo in people living with someone infected by the new coronavirus, a study found.

Alibaba said it would invest in measures to support merchants on its platform, two days after China’s antitrust regulator imposed a record fine against the company for abusing its dominant position over vendors and rivals in the country’s e-commerce industry.

Vox Media is acquiring Cafe Studios, publisher of a podcast hosted by the former Manhattan U.S. attorney, part of a bid to expand its growing audio business.

Around four million American adults aren’t looking for jobs, not because they’re scarce but because of worries about catching or spreading the coronavirus. It means that a rebound in the U.S. workforce depends heavily on taming the pandemic.

Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, according to a Wall Street Journal analysis.

The sluggish progress of Covid-19 vaccination outside the U.S. is a key threat to the economic outlook, said Fed Chairman Jerome Powell.