US Business

The Diem Association, formerly known as Libra, is selling its technology to crypto-focused bank Silvergate Capital for $200 million.

The electric-vehicle maker reported record earnings but hasn’t been immune to supply-chain problems.

The billionaire says his hedge fund has purchased more than 3.1 million shares of the streaming service, whose stock has slumped this year.

The semiconductor maker has been investing heavily to stave off loss of market share and meet growing demand for the chip industry’s products.

Commerce Secretary Gina Raimondo said a survey shows the urgency for Congress to approve the Innovation and Competition Act, which includes $52 billion to boost domestic chip production.

The software giant’s cloud business has benefited as the pandemic has forced people to work remotely.

The railroad operator selects Tracy Robinson, and U.K.-based activist investor TCI Fund Management Ltd. agrees to drop its proxy effort.

OSHA said it would continue to seek the private-sector mandate via the regular rule-making process after the Supreme Court blocked its implementation.

Omicron’s spread disrupted and delayed ad shoots, sending costs up and leaving advertisers anxious about what tone to strike in their Super Bowl spots.

With more-affordable vehicles in short supply, the auto maker said demand for the new pickup truck has surged and it is straining to fill a backlog of orders.