US Business

Algonquin Power & Utilities has agreed to sell its renewable energy business for $2.5 billion as it transforms into a pure-play regulated utility.

Merck has struck a deal worth up to $1.3 billion to buy an investigational drug targeting B-cell associated diseases.

Shares of Ola Electric Mobility jumped in their trading debut, reflecting strong investor interest in India’s nascent electric-vehicle market.

Some luxury brands are pushing through price increases in Japan, as tourists snapping up high-end goods turn the country into a bright spot for an otherwise downbeat industry.

Officials confirmed at a briefing that NASA is considering using SpaceX for the return trip. Boeing says its craft is safe for crew.

SpaceX wants to launch the world’s largest and most powerful rocket dozens of times annually in an area that has gotten crowded with people and cruise ships since the Apollo era.

Shopify projected better-than-expected sales growth for the current quarter after attracting more merchants and withstanding a shaky consumer spending environment.

The Singapore banking heavyweight also raised guidance and reported a quarterly profit beat.

The healthcare company reported higher revenue but much of the sales increase was offset by higher medical costs.

A blaze in South Korea prompts debate over whether electric vehicles should be allowed in the country’s ubiquitous underground parking lots.