U.S. bans some American investments in high-end technology sectors in China
President Biden signed an executive order that will prohibit certain U.S. investments in sensitive technology in China.
Business
Ozempic, Wegovy maker lobbies Congress to get Medicare to cover its weight loss drugs
New drugs used for weight loss may also reduce risks of heart attacks. A pharmaceutical giant wants Medicare to cover the drugs, but a federal ban prevents Medicare from covering weight loss drugs.
Six takeaways from Disney's quarterly earnings call
In a fickle media market, Disney's overall revenue grew 4%. Despite declining ad revenue and uncertainty over the Hollywood writers and actors strikes, CEO Bob Iger sees growth opportunities.
Disney is now fully in the sports betting business with ESPN deal
Disney has announced a major deal for ESPN, getting in the sports betting business squarely. This deal is part of a wave of moves that Disney has made as it struggles to find its space in streaming.
Biden orders restrictions on U.S. investments in Chinese technology
The executive order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Officials cited national security, rather than economic interests.
New car prices are cooling, but experts say you still might want to wait to buy
The average transaction price for a new car in July was $48,334, a slight dip from June and only a 0.4% year-over-year increase, according to Kelley Blue Book.
The toughest plastic bag ban is failing: A tale of smugglers, dumps and dying goats
Kenya was hailed for its decision to outlaw single use plastic bags in 2016, with remarkably hefty penalties. So why are the bags back in stores, piling up in dumps — and being ingested by livestock?
A former Fox executive now argues Murdoch is unfit to own TV stations
Preston Padden helped Rupert Murdoch launch the Fox broadcast network in the 1990s. Now he argues Murdoch has proved unfit to hold the license for a Philadelphia station.
Ford plans to make EV batteries in U.S. with Chinese company that developed the tech
Ford's plans to produce electric vehicle batteries based on technology and licensing from China has become a flashpoint in the debate over relations between the two countries.
The Visual Effects workers behind Marvel's movie magic vote to unionize
More than 50 workers at Marvel Studios in LA, New York and Atlanta have signed authorization cards to be represented by the International Alliance of Theatrical Stage Employees, or IATSE.