Kroger, Albertsons CEOs Defend Grocery Merger at Senate Hearing
The companies’ CEOs are likely to face questions on how the proposed $20 billion deal would affect competition and shoppers....
Legislative Branch
Penguin Random House Blocked From Acquiring Rival Publisher Simon & Schuster
A federal judge ruled in favor of the Justice Department’s antitrust challenge to the planned $2 billion merger. Source link
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...
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...
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...
Twitter Comes Under Washington Spotlight With Whistleblower Complaint
WASHINGTON—A whistleblower’s complaint opens up new political and legal challenges for Twitter Inc. TWTR -7.32% in Washington, as lawmakers and...
White House Planning Student-Loan Announcement Wednesday
White House officials are planning for President Biden to make an announcement on Wednesday about his proposal for dealing with...
Rivian Says Senate Climate Deal Puts It at Disadvantage
Electric-vehicle startup Rivian RIVN 0.57% Automotive Inc. is warning that planned revisions to the EV tax credit would put the...
Chip Investment Decisions Await Congressional Action on $52 Billion Funding Bill
Political wrangling in Congress over government funding for the semiconductor industry is leaving tens of billions of dollars of potential...
Treasury Nominee Pressed on Global Tax Deal, China Tariffs, Inflation
WASHINGTON—Senators pressed Jay Shambaugh, President Biden’s pick to serve as the Treasury Department’s top economic diplomat, about the administration’s efforts...
Global Tax Talks Hit Another Delay
The most significant changes to global tax rules in a century will take longer than planned, negotiators said Monday, as...
WSJ News Exclusive | Lawmakers Make Bipartisan Push for New Government Powers to Block U.S. Investments in China
Congress is pressing ahead with legislation that could rewrite the rules for American companies investing abroad, proposing the screening of...
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner...
Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says
WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of...
Fed Nominee Michael Barr Supports Rewriting Lending Rules, Cautious on Capital Requirements
WASHINGTON— Michael Barr, President Biden’s pick to become the government’s most influential bank regulator, told senators that he supports a...
Senate Confirms Jerome Powell to Second Term Leading Federal Reserve
Mr. Powell’s nomination, approved Thursday on an 80-19 vote, has been on track for months to win bipartisan approval despite...
Lisa Cook Wins Senate Confirmation to Federal Reserve
Lisa Cook served as an economist on the staff of the Council of Economic Advisers during the Obama administration. Photo:...
Democrats Launch Attempt to Rescue Biden’s Economic Agenda
WASHINGTON—Democrats began a last-ditch effort to cobble together a narrower version of President Biden's once-sweeping economic agenda that could win...
Senate Expected to Confirm Brainard as Federal Reserve’s Vice Chairwoman
Federal Reserve governor Lael Brainard is poised to win confirmation as the central bank’s vice chairwoman after clearing a procedural...
Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator
WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top...
