US Business

The company said an ignition issue prompted it to stand down from a planned flight early Monday.

The potential deal, likely valued at more than $30 billion, would help Pfizer add to its lineup of cancer treatments.

Soroban, one of the company’s biggest shareholders, had earlier urged the railroad to oust Lance Fritz, arguing that it underperformed during his watch.

The social-media company’s staff has shrunk since the billionaire acquired it late last year and began pursuing sweeping changes.

Large American companies are increasing their bets on China’s consumers in anticipation of a postpandemic rebound in the world’s second-biggest economy. 

The EU’s Margrethe Vestager said that closer analysis of the U.S. Inflation Reduction Act suggests the main threats to Europe’s competitiveness will be limited to a handful of sectors.

Data could lead Federal Reserve to raise interest rates for longer.

Sometimes, the most widely cited inflation figures tell us more about the past than the present.

American companies said they don’t expect the move by the Biden administration to drive up U.S. costs.

Japan’s Panasonic warns newcomers of hurdles as the EV-battery maker leverages its experience to boost U.S. production.