Twitter and Shopify said they are teaming up to make it easier for people to buy items that Shopify merchants post on Twitter. Shopify merchants will be able to display and automatically update up to 50 items for sale on their Twitter profile, the companies said Wednesday. Users will be able click on items and … Read more
A suspension of the 18.4 cents a gallon federal gasoline tax would require congressional approval. Photo: Nick Rohlman/The Gazette/Associated Press WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with the matter. Mr. Biden and his advisers have been discussing the issue for months in … Read more
Government prosecutors in the criminal-fraud trial of Theranos Inc.’s former second-in-command, Ramesh “Sunny” Balwani, made their final pitch to the jury in closing arguments Tuesday, as the Silicon Valley case moves closer to a resolution. Assistant U.S. Attorney Jeff Schenk said that Mr. Balwani, longtime president and chief operating officer of the now-defunct blood-testing startup, … Read more
The Biden administration is moving forward on a plan to mandate the elimination of nearly all nicotine in cigarettes, a policy that would upend the $95 billion U.S. cigarette industry and, health officials say, prompt millions of people to quit smoking. The plan, unveiled Tuesday as part of the administration’s agenda of regulatory actions, likely … Read more
WASHINGTON—Facebook parent Meta Platforms agreed Tuesday to adopt new online advertising practices to settle an investigation by federal officials, who said its ads discriminated against users by race, gender and other factors. In a filing in federal district court in New York, the Justice Department and federal housing officials said they would settle housing discrimination … Read more
The relentless climb in U.S. home values continued in May, when median prices shot above $400,000 for the first time while sales activity slowed under pressure from higher mortgage costs. Rapidly rising interest rates are rippling through U.S. markets as the Federal Reserve tries to combat inflation. Stocks entered a bear market this month, consumer … Read more
President Biden plans to appoint Lynn Malerba to be the treasurer of the U.S., selecting the first Native American to oversee the printing and minting of the nation’s currency. With the appointment, the Treasury Department will also create a new Office of Tribal and Native affairs headed by Ms. Malerba, who is the chief of … Read more
A venture of two New York developers has purchased a one-third empty office building in the city’s financial district with plans to convert it into apartments, one of the largest such conversion schemes to be launched during the pandemic. The venture, which includes Silverstein Properties and Metro Loft, has agreed to pay $180 million for … Read more
The Supreme Court on Tuesday declined to hear a bid by Bayer AG to end thousands of lawsuits alleging its weedkiller Roundup causes cancer, potentially costing the German conglomerate billions of dollars in legal settlements. The German conglomerate, which maintains that Roundup is safe, has earmarked $16 billion to deal with litigation over the herbicide. … Read more
WASHINGTON—President Biden said Monday that he may make a decision on seeking a pause to the federal gasoline tax by the end of the week, as Americans deal with soaring gas prices. Mr. Biden told reporters in Rehoboth Beach, Del., that he is considering a gas tax holiday. “I hope to have a decision based … Read more