US Business

At least six pharmaceutical companies in the U.S., the U.K. and South Korea were targeted, according to people familiar with the matter.

More than 40 corporations, including Amazon, Citigroup and Ford, said in a letter to Congress that they supported the U.S. rejoining the Paris climate accord.

The president is demanding the termination of the broad legal immunity that social-media companies enjoy.

The $27.7 billion purchase, which still has to clear Slack shareholder and regulatory approval, would be Salesforce’s largest ever acquisition and boost its competition with rival Microsoft.

The drugmaker is seeking approval for its Covid-19 vaccine after it was shown to be 94.1% effective, keeping the shot on track for use in the U.S. by year’s end, alongside Pfizer and BioNTech.

The struggling Texas oil giant is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion.

The videoconferencing company posted another quarter of record sales and again lifted its outlook as remote working and distance schooling drags on during the pandemic.

The auto maker will no longer take an equity stake in the electric-truck maker under a stripped-down agreement, a significant retrenchment from an earlier pact that fueled investor enthusiasm for both companies.

At brands such as Subway and Econo Lodge, owners and store operators once pulled in the same direction but now increasingly squabble. It’s a worrisome trend for an industry that gives individuals a way to become their own boss and that employs more than 8 million in the U.S.

Airbnb is planning to target a range of around $30 billion to $33 billion when the home-rental startup kicks off its investor roadshow. DoorDash, meanwhile, plans to target a range of around $25 billion to $28 billion.