US Business

Lifelines extended by landlords, banks and vendors are ending, while federal loans are long gone, leaving many more at risk of joining the tens of thousands of restaurants that have already shut during the pandemic.

The offer appeared a mea culpa of sorts from the Chinese billionaire as he found himself face to face with officials from China’s central bank and agencies overseeing securities, banking and insurance.

A merger deal could have been valued at around $70 billion, people familiar with the matter said, in a sign that a wave of consolidation is still sweeping through the payments industry.

Big tech companies are getting into the custom chip-making game in the hunt for improved performance and lower costs, shifting the balance of power in the industry.

Authors of books tied to big film franchises such as Star Wars stopped receiving checks after Disney acquired Lucasfilm and Twentieth Century Fox.

Moderna, Pfizer, BioNTech and others have enlisted third parties to catapult their vaccine technology from the laboratory to industrial production at unprecedented speed.

Kent Walker, the search giant’s chief legal officer and head of global affairs, leads the defense that will determine whether the company is able to keep growing—or gets clipped.

Congress is considering countermanding Treasury by granting tax benefits worth hundreds of billions of dollars to businesses participating in the Paycheck Protection Program.

Performing-arts companies, travel agencies and bowling alleys are among the biggest losers, according to government data.

President Trump signed a two-day spending bill passed by Congress Friday evening, averting a partial government shutdown after midnight.