US Business

In echoes of the Old West, the Tesla CEO’s rocket firm has been building a company town in seaside Boca Chica, pressuring locals to sell their properties and talking of incorporating the town—a move that could give it eminent domain to seize houses; “bullied us from the beginning.”

A program meant to reduce industrial electricity use during emergencies contributed to power plants not getting fuel during February’s freeze, a Wall Street Journal analysis found.

The Biden administration aims to repeal a tax break tied to foreign sales by U.S. companies.

This year’s annual spring ritual known as the upfront, in which advertisers commit to buying commercials for fall programming, is expected to bounce back from a tepid 2020 and show more ad dollars migrating to streaming platforms.

Revenue for the quarter rose to $1.26 billion, up from $524.6 million a year earlier, as demand for remote workout classes and at-home fitness gear continues to surge during the pandemic.

The vaccine brought Moderna revenue of $1.73 billion in the first quarter, but the prospect of a temporary loss of vaccine patents clouds investors’ outlook.

The sports-media outlet is no longer in discussions with news publisher Axios, people familiar with the matter said, but it is still pursuing a tie-up deal and sees the Times as a top contender.

The video-sharing service has provided limited information on its call to suspend the former president and has said it is continuing to monitor the threat of violence in the wake of the Capitol riot by his supporters.

Spicy chicken sandwiches, hot wings and a labor crunch push poultry prices to records. Some restaurants are running out of or limiting sales of tenders, filets and wings, cutting into some of their most reliable sales.

The independent panel ruled that the social-media company was justified in banning Donald Trump’s account after the U.S. Capitol riot, but in coming months Facebook must decide whether the former president is permanently locked out of the platform.