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U.S. to Ban Some Investments in China
Business

U.S. to Ban Some Investments in China

President Biden plans to sign an executive order that will also require U.S. private-equity and venture-capital firms to disclose certain investments in the country. Source

Pratt & Whitney Engine Problems Lead Airlines to Reduce Some Flights
Business

Pratt & Whitney Engine Problems Lead Airlines to Reduce Some Flights

The aerospace and defense company RTX’s bet on single-aisle jetliners has run into quality and durability concerns. Source link

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease
Business

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease

Venture capitalist Luke Evnin has financed several successful biotechnology startups that develop treatments for cancer. Now he is encouraging drugmakers to tackle another disease: a rare autoimmune condition that

Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up
Business

Laid-Off Tech Workers Launch ‘Revenge Startups’ Just as Money Dries Up

Venture-capital investors, as recently as last year, used to seek out founders who were quitting their tech jobs to launch their own businesses. Now that

Debt Grows More Expensive, Harder to Get for Startups After SVB Collapse
Business

Debt Grows More Expensive, Harder to Get for Startups After SVB Collapse

With Silicon Valley Bank’s future uncertain, startups backed by venture capital looking for new lenders are facing higher borrowing costs, onerous terms or even closed