US Business

Alibaba said it would reorganize its e-commerce teams and appointed a new chief financial officer, as the tech giant faces increasing competition in China, slowing growth and a plummeting stock price.

The network boss fired the star anchor on Saturday, leaving a hole in the channel’s prime-time lineup.

Activist Engine Capital sent a letter also pressing the department-store chain to consider a separation of its e-commerce business.

Federal regulators said cases have been identified in 16 states and that the Food and Drug Administration is already in conversations about streamlining authorization for revamped vaccines.

Recurring droughts add to challenges in the nation’s top milk producer, causing farmers to move, close or turn to growing crops. “We’re scared to death we’ll have one more dry year.”

The jobs report showed U.S. wages continue to rise at a brisk pace in November. Signs also emerged that wage growth may be moderating.

A push for royalty payments on comedic material has sidelined the work of Jim Gaffigan, John Mulaney and hundreds of other comedians on Spotify.

The FTC has sued to block Nvidia’s proposed takeover of Arm Holdings. But analysts say exploding growth in semiconductor demand is expected to ease the setback facing the chip maker if it can’t complete the deal.

To attract Tesla, Beijing rewrote its rules for foreign auto businesses and offered tax incentives and cheap land. In return, the company would jump-start China’s homegrown electric-vehicle industry. But now, the auto giant is entering bumpier terrain.

In a tight labor market, assistant managers have had to pitch in as cashiers, line cooks and dishwashers—generally without additional pay for extra hours on the job. “Thankless, overworked and underpaid.”