US Business

U.S. services businesses gained momentum in September, but fresh virus restrictions hurt the sector in Europe and parts of Asia, boding ill for the global economic recovery.

Delivering billions of doses of coronavirus vaccines to the world’s population is shaping up to be one of the toughest-ever challenges for the air-cargo industry.

The comeback since the start of the pandemic is kind to those who can work from home, to firms serving them and to regions hospitable to them. Left behind are the less-educated, old-line businesses and areas dependent on tourism. Rising wealth coincides with lines at food banks.

Cancer-drug powerhouse Bristol Myers Squibb said it will buy biotech MyoKardia in a $13.1 billion all-cash deal aimed at expanding its lineup of heart drugs.

In normal times, a monthly employment report showing the economy adding 661,000 jobs would be fantastic news. But these aren’t normal times, and if anything the September employment figures counted as bad.

The U.S. government is ramping up efforts to secure minerals critical to modern technology but whose supply is dominated by China—a stranglehold that miners warn could take years to break.

The second-largest cinema chain in the U.S. is closing all of its locations nationwide after reopening in August, escalating the pandemic-driven crisis facing the entertainment industry.

A government effort to break up Facebook Inc. from Instagram and WhatsApp would defy established law, cost billions of dollars and harm consumers, according to a paper company lawyers have prepared.

Startups specializing in business-to-business software that are having trouble scaling up or whose founders want to cash out are finding a willing buyer in Joseph Liemandt’s ESW Capital, which has built a Netflix-like subscription service for such tools.

CEO John Stankey is working to convince investors that the deal making executives pursued to fortify AT&T in lean times won’t end up weighing it down—while urging patience for the company’s long-term bets to pay off.