US Business

Uber and Lyft will be able to continue conducting business as usual in California for now, after a state appeals court paused a lower-court ruling that required the ride-hailing companies to reclassify their drivers as employees.

Bayer said it will pay $1.6 billion to settle claims that its birth-control device Essure causes serious health complications, the latest in a string of settlements by the German company.

Johnson & Johnson plans to start a late-stage trial for the company’s Covid-19 vaccine in late September, and aims to enroll 60,000 subjects.

Trump adviser Peter Navarro, seeking to jump-start U.S. drug manufacturing, spearheaded the idea and then used his sway within the administration to help Kodak navigate the bureaucracy to be first in line for the potential contract, which has since fallen apart.

Airbnb confidentially filed paperwork for an initial public offering, marking a surprising turnaround for a company whose business was initially ravaged by the coronavirus pandemic.

The president responded on Twitter to reports that the tire company prohibited workers from wearing politically affiliated slogans at work, including his re-election campaign’s “Make America Great Again” message.

Nvidia continued its run of strong financial performance during the pandemic, posting record sales in the latest quarter propelled by strong demand for online gaming and remote computing services.

Shares of the technology giant eclipsed the $467.77 mark needed to become the first U.S. public company to hit $2 trillion in market capitalization. The stock has more than doubled from its March 23 low, boosted by steady demand for the company’s devices.

A key decision in the debate over how to classify drivers is expected this week, and the ramifications could be global.

Roche has agreed to help manufacture and distribute a promising investigational drug—code named REGN-COV2—being developed by Regeneron, a pairing of rivals that could more than triple supplies of the medicine if it is authorized by regulators.