Theranos Founder Elizabeth Holmes to Report to Prison May 30
The U.S. Court of Appeals for the Ninth Circuit had denied her request to stay out on bail. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Democrats Launch Discharge Petition, Aiming to Force Debt-Ceiling Vote
The bid to circumvent House Republican leadership is seen as long-shot fallback plan if talks fail, and would require the...
Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges
Former Tesla tech chief JB Straubel also won a seat on the auto maker’s board at the company’s annual shareholder...
FTC Moves to Block Amgen’s $27.8 Billion Deal for Horizon Therapeutics
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Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement...
GOP, Democrats Draw Red Lines Ahead of Biden Debt-Ceiling Meeting
The outlines of a possible deal to raise the debt ceiling and limit spending are starting to emerge, but negotiators...
China’s Youth Unemployment Tops 20% Amid Signs of Stalling Recovery
China’s youth unemployment rate rose above 20% for the first time since Beijing began tracking the data five years ago....
Elon Musk Issued Subpoena in Lawsuit Over JPMorgan’s Ties to Jeffrey Epstein
The U.S. Virgin Islands are seeking documents from the Tesla leader for its civil suit against the bank. Source link
Microsoft’s $75 Billion Activision Blizzard Deal Gets EU Approval
The decision comes weeks after the U.K. regulator rejected the agreement, saying it would crimp competition in the country’s gaming...
3M Fires Longtime Executive, Citing Inappropriate Personal Conduct
Michael Vale has worked for the company for more than 30 years. Source link
$14 Billion Deal to Create Mega-Pipeline Company
The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. Source link
Parts Maker Rejects Demand to Recall Air-Bag Inflators Regulators Call Unsafe
The NHTSA says inflators have been linked to explosions and fatalities, but the manufacturer disagrees. Source link
G-7 Leaders Expected to Take Aim at Chinese ‘Economic Coercion’
Beijing says the G-7 nations throw their own economic weight around. Source link
WSJ News Exclusive | Exxon Goes Lean With End of ‘God Pod’ Era
The oil company’s top management will inhabit a less-lavish executive suite at its glass-dominated campus near Houston. Source link
JPMorgan Targeted by Republican States Over Accusations of Religious Bias
WASHINGTON—JPMorgan Chase has become the target of a campaign by Republican state officials seeking to expose what they see as...
Republicans, Democrats Making Progress in Debt-Limit Talks, Yellen Says
The Biden administration and congressional Republicans are making progress in their negotiations over federal spending and raising the debt limit,...
U.S. Regulators Urge Supplier to Recall 67 Million Air-Bag Inflators for Potential Explosions
U.S. regulators are demanding the recall, in what could be one of the largest safety actions on record. Source link
Biden to Nominate Philip Jefferson for Fed’s No. 2 Job
The president will also tap economist Adriana Kugler for a Fed board seat. If confirmed, she would be the first...
WSJ News Exclusive | Automotive Tech Billionaire Austin Russell to Acquire Majority Stake in Forbes
The deal struck by 28-year-old Austin Russell values the business publication at close to $800 million. Source link
Debt-Ceiling Talks Continue as Report Warns of Possible June Default
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