Drugmakers Look to Limit Medicare’s New Power to Negotiate Lower Drug Prices
Drugmakers are trying to blunt Medicare’s newfound power to negotiate medicine prices while coping with internal industry disputes and ebbing...
Government Bodies
Biden to Sell More Oil From Strategic Reserve to Keep Gas Prices in Check
WASHINGTON—The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this...
U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he...
Britain’s New Chancellor Says Some Taxes Will Rise
LONDON—The U.K.’s new chancellor, Jeremy Hunt, effectively scrapped Prime Minister Liz Truss’s signature tax-cutting plan, saying on Saturday that some...
U.S., Allies Negotiating Price Level for Russian Oil Cap
WASHINGTON—The U.S. and its partners are rushing to hammer out an agreement on a level for a price cap on...
Steve Wynn Can’t Be Forced to Register as Foreign Agent, Judge Rules
WASHINGTON—A federal judge dismissed a Justice Department lawsuit seeking to force casino mogul Steve Wynn to register as a lobbyist...
U.S. Supplier Prices Increased in September, Maintaining Pressure on Inflation
U.S. suppliers raised prices in September from the prior month, keeping pressure on inflation that remains high but is easing...
Biden Rule Would Add More Gig Workers to Company Payrolls
The Biden administration is proposing a new rule that could put more gig workers on company payrolls, scrapping a Trump...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
The Labor Department said it found Exxon Mobil Corp. XOM -1.01% illegally fired two company scientists over suspicions they shared...
U.S. Jobless Claims Rose Last Week but Remain Historically Low
New applications for unemployment benefits rose last week in the latest sign of a cooling labor market, although they remained...
Economy Week Ahead: Housing Market and Consumer Spending in Focus
Tuesday The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last...
World Bank’s David Malpass Says He Isn’t Resigning Amid Criticism of His Climate Views
WASHINGTON—World Bank President David Malpass said Friday he wasn’t resigning from his position amid calls from climate advocates for him...
Judge Rejects Antitrust Challenge to UnitedHealth Acquisition
WASHINGTON—A federal judge Monday ruled against a Justice Department antitrust challenge to UnitedHealth Group Inc.’s $13 billion acquisition of health-technology...
WSJ News Exclusive | DEA Investigating ADHD Telehealth Provider Done
U.S. Drug Enforcement Administration agents have questioned people about telehealth company Done Global Inc.’s practices for prescribing controlled substances, according...
Possible Rail Stoppage Could Fuel More Inflation
As talks around new labor contracts for railway workers reach a crucial juncture, concerns are mounting over the potential upward...
Twitter Investors Back Musk’s Takeover Bid After Whistleblower Testifies in Congress
WASHINGTON— Twitter Inc. TWTR 1.61% investors backed Elon Musk’s $44 billion takeover that the billionaire is trying to abandon on...
Caterpillar Settles Tax Dispute With IRS, Will Pay No Penalties
Caterpillar Inc. said the settlement included the resolution of the disputed tax treatment of profits earned by a subsidiary from...
U.S. Trade Deficit Shrank in July
The U.S. reported a sharp narrowing in the July trade deficit due to weaker demand for imports, a positive sign...
The U.K., a Maritime Insurance Hub, Commits to Cap Price of Russian Oil
WASHINGTON—The British Treasury chief said the U.K. was committed to a U.S.-led effort to put a cap on the price...
Economy Week Ahead: Job Market and Home Prices in Focus
The Labor Department will release July employment data this week. Job seekers attend a summertime job fair in Jackson, Miss....
