Monopoly concerns push FTC to sue to block Amgen's more than $26B deal for Horizon
Federal regulators are suing to block biotech drug developer Amgen’s more than $26 billion deal for Horizon Therapeutics
2023-05-17 00:59
US announces criminal cases involving flow of technology, information to Russia, China and Iran
The Justice Department has announced a series of criminal cases tracing the illegal flow of sensitive technology, including Apple’s software code for self-driving cars and materials used for missiles, to foreign adversaries like Russia, China and Iran
2023-05-17 00:48
Rain-swollen rivers flood some towns in north Italy; Venice prepares to raise mobile dike in lagoon
Rivers swollen by days of downpours have flooded some towns in northern Italy
2023-05-16 23:57
Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas
Consumers picked up their spending modestly in April from March, particularly in dining out and online, buoyed by a solid job market and easing inflationary pressures
2023-05-16 23:52
Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing
Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities
2023-05-16 23:48
Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed
A humanitarian aid worker who used an anonymous Twitter account to mock Saudi Arabia about its economy has filed a federal racketeering lawsuit against the social media platform, the kingdom and a number of individuals alleging an attempt to silence critics overseas
2023-05-16 23:45
ChatGPT's chief testifies before Congress as concerns grow about artificial intelligence risks
The head of the artificial intelligence company that makes ChatGPT is testifying before Congress as lawmakers call for new rules to guide the rapid development of AI technology
2023-05-16 22:53
EU countries adopt law banning products which fuel deforestation
The 27 European Union countries have formally endorsed a law that should help the bloc reduce its contribution to global deforestation by regulating the trade in a series of goods
2023-05-16 22:48
Stellantis recalls nearly 220,000 Jeep Cherokee SUVs worldwide due to fire risk
Stellantis is telling owners of nearly 220,000 Jeep Cherokee SUVs worldwide to park them outdoors and away from other vehicles because the power liftgates can catch fire even when the engines are off
2023-05-16 21:19
Retail sales up 0.4% in April from March, buoyed by solid job market, easing inflationary pressures
Consumers picked up their spending in April from March, buoyed by a solid job market and easing inflationary pressures
2023-05-16 20:50
Lebanese central bank governor no-show in Paris corruption probe
Lebanon’s embattled central bank governor has failed to appear before French prosecutors in Paris, questioning him in the ongoing European money-laundering and illicit enrichment probe
2023-05-16 20:48
Millennial Money: What’s concierge medicine? Is it worth it?
Concierge medicine, a business model in which patients pay a membership fee to have a direct relationship with a doctor — used to feel like something just for the well-to-do
2023-05-16 20:47