US Business

Cohen first contacted the Chinese e-commerce giant’s board in August to say he saw the company’s shares as undervalued.

Plaintiff alleges Mr. Musk’s tweets about a potential deal, which never materialized, cost investors billions.

Companies are hitting the brakes on price increases this year after wary consumers limit their buying. “They want to save money and raising prices is not an option.”

The largest group representing doctors in residency and fellowship programs added chapters at five teaching hospitals last year, up from a prepandemic pace of one a year.

Pharmaceutical companies could try to blunt the limits on future price increases.

Didi Global said it obtained approval from the Chinese cybersecurity regulator to resume new user registration for its ride-hailing service.

Prosecutors allege two former executives of 21st Century Fox paid bribes for soccer broadcasting rights in South America, in a trial set for this week in Brooklyn, N.Y.

Economists polled by The Wall Street Journal put the probability of a recession in the next 12 months at 61%, little changed from the last quarterly survey.

Executives say farming programs designed to capture carbon dioxide in fields offer long-term benefits including healthier soil, and they provide extra cash.

Treasury secretary warns the government could become unable to pay its bills after early June.