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Congress Faces Crunchtime in Fight on Spending Cuts
Business

Congress Faces Crunchtime in Fight on Spending Cuts

After the summer break, lawmakers on Capitol Hill will need to pass spending bills by Oct. 1 to avoid a government shutdown. Source link

Cannabis Industry Confronts Billion-Dollar Threat: Weak Weed
Business

Cannabis Industry Confronts Billion-Dollar Threat: Weak Weed

A pathogen spreading among crops is cutting the recreational drug’s potency, forcing growers to cull “dudded” plants. Source link

Why Trucking Company Yellow Verges on Collapse
Business

Why Trucking Company Yellow Verges on Collapse

One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has

Biogen to Buy Reata in $7.3 Billion Deal
Business

Biogen to Buy Reata in $7.3 Billion Deal

The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases. Source link

$2 Billion Default Followed Warnings to Everyone but Investors
Business

$2 Billion Default Followed Warnings to Everyone but Investors

Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC

Facebook Bowed to White House Pressure, Removed Covid Posts
Business

Facebook Bowed to White House Pressure, Removed Covid Posts

Internal Meta emails say pressure from Washington was behind a decision to take down posts attributing the pandemic to a man-made virus. Source link

Steve Wynn Agrees to Stay Out of Nevada's Gambling Industry
Business

Steve Wynn Agrees to Stay Out of Nevada's Gambling Industry

The former casino magnate has agreed to an effective ban from Nevada’s gambling industry in a settlement over his alleged sexual misconduct against former employees. 

Why Elon Musk's Plan to Build a Super App Won't Be Easy
Business

Why Elon Musk's Plan to Build a Super App Won't Be Easy

Lots of U.S. companies have talked about a super app, including PayPal, Snap and Block. Source link

Microsoft Faces European Probe Over Bundling of Teams Software
Business

Microsoft Faces European Probe Over Bundling of Teams Software

The European Union opened an antitrust investigation into whether Microsoft is abusing its position by bundling its Teams videoconferencing app with its popular Office software.