The ‘Taxi Prince’ Is Taking on Uber—and Winning
Uber has been outmaneuvered in one of the world’s largest taxi markets by the man known as Japan’s taxi prince....
regulation
What’s Killing Productivity? Some Think It’s the Banks
June 13, 2023 12:00 am ETLONDON—The birthplace of the industrial revolution is in dire need of innovation. Standing in the...
After Illumina CEO’s Fall, Other Executives Are Expected to Take Hard Look at Deals
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FTC Plans to Seek a Restraining Order to Stop Microsoft From Closing Activision Deal
A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency...
Illumina CEO Francis deSouza Resigns Amid Regulatory Hurdles, Proxy Fight
Activist investor Carl Icahn has signaled he wants former CEO Jay Flatley to return to gene-sequencing test maker. Source link
Air-Bag Parts Maker Refusing U.S. Recall Request Had Workplace-Safety Woes
ARC Automotive, the Chinese-owned maker of 67 million air-bag inflators that regulators want recalled, has faced safety violations and litigation...
U.S. Chamber of Commerce Challenges Federal Government’s New Drug-Price Powers
The lawsuit is the second filed this week saying Medicare’s new negotiating authority is unconstitutional. Source link
China’s Trade Slowdown Points to Global Woes
Chinese exports fell at a steeper-than-expected pace in May, fueling concerns that global trade activity is cooling rapidly. Source link
Merck Challenges U.S. Government’s New Powers to Negotiate Drug Prices
The drugmaker filed a lawsuit saying Medicare’s drug-price negotiation program violates the company’s constitutional rights. Source link
Tax Cuts High on GOP Agenda as House Looks to Revive Business Breaks
Republicans are hoping to introduce a bill as soon as this month. Source link
What Is Happening With Binance?
The SEC sued the largest crypto exchange and its controlling shareholder, saying they enriched themselves at investors’ expense. A look...
WSJ News Exclusive | Big Banks Could Face 20% Boost to Capital Requirements
Those relying on fees might need bigger buffers to absorb losses under planned rules. Source link
FDA Allows Imports of China-Made Chemotherapy to Ease U.S. Shortage
HealthIn temporary move, Chinese drugmaker will be able to ship its cisplatin chemotherapy even though it hasn’t been FDA approved...
U.S. Makes New Push in Trade Fight With Mexico Over GMO Corn
The U.S. stepped up its efforts to get Mexico to ease its restrictions on genetically modified corn, after more than...
WSJ News Exclusive | Exxon, Chevron Near Deals to Drill in Gas-Rich Algeria
The North African nation’s vast reserves and proximity to Europe make it attractive to the U.S. drillers that have huge...
Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default
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Facebook Parent Threatens to Remove News From Its Platforms in California
The state’s bill requiring tech firms to pay publishers may inspire a revision of similar federal legislation, a trade group...
The New Rules for Business Travel to China
From burner phones to inquisitive border agents, the WSJ has consulted experts on the do’s and don’ts in an era...
A Chinese Alternative to Bloomberg Terminals Quietly Limits Information Overseas
E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the...
Municipal Bond Issuers on Edge as Debt Ceiling Deadline Nears
City and state governments fear a potential surge in borrowing costs and curtailed federal spending. Source link
