US Business

The electric-vehicle maker said it was closing a San Mateo, Calif., office and letting go about 200 people there. The company is pursuing cost cuts under the pressure of inflation and supply-chain disruptions.

Directors of the world’s largest entertainment company voted unanimously to renew Chief Executive Bob Chapek’s contract for another three years.

Big employers in Midwest states joined tech giants and big banks in adding the benefit after the Supreme Court decision.

Ben Silbermann will become executive chairman after leading the company since its founding in 2010. His replacement, Bill Ready, had been president of commerce at Google since 2020.

Some retailers’ websites indicated that the emergency contraceptive was in short supply amid a surge in demand following the Supreme Court’s abortion-rights decision.

Budget carrier Spirit has been in the middle of a bidding war between JetBlue and Frontier, and the intensity has picked up in the final days before a shareholder vote.

The transaction would value the electric-vehicle charging business at more than $2 billion.

Serhat Gumrukcu faces trial in a purported murder-for-hire plot to silence an associate who could have exposed him and derailed a drug-development deal worth millions of dollars.

Dwindling Russian gas supplies are proving a threat to chemicals companies and their disruption would reverberate well beyond the sector, threatening Europe’s economy at a time of high inflation and slowing growth.

Auto makers are marking up electric vehicles to offset rising battery-material costs and capitalize on the interest caused by higher gas prices.