US Business

Snapchat owner holds off on issuing new guidance and slows the pace of hiring amid market turbulence.

The deal for the operator of primary-care clinics will help the tech giant offer medical services to a large pool of employers and individuals and underscores its sweeping ambitions in healthcare.

Tesla, Howmet and others racked up bigger tax bills after Congress ended deductions for any executive pay over $1 million a year for top officers of publicly traded companies, as well as some others.

Valero Energy, Marathon Petroleum and Phillips 66 are set to collectively bring in about $14 billion in cash from operations this quarter, analysts estimate.

Elon Musk’s electric-vehicle maker also is grappling with soaring inflation and supply-chain disruptions.

Truck drivers who have brought the Port of Oakland to a virtual standstill aren’t moving until they talk to California’s governor. “It may go on for a few more weeks or a few more months.”

Washington accused President Andrés Manuel López Obrador’s government of favoring its state-owned utility and oil company at the expense of U.S. businesses. “Ooooh, I’m so scared,” Mr. López Obrador said in response.

Abbott Laboratories raised its annual earnings guidance after posting higher-than-expected revenue from Covid-19 testing products, offsetting the effects of a recall and production halt at its baby-formula plant in Sturgis, Mich.

The embattled property giant has yet to reach an agreement with bondholders, but still plans to release an update on restructuring talks in July.

The streaming giant suffered two consecutive quarters of subscriber losses for the first time in its history and said some key steps it is taking to boost revenue and subscriber growth wouldn’t happen until next year.