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Biden reverses policy on weapons sales to Saudi Arabia as Mideast war upends U.S. priorities
Saudi Arabia is now deemed too important to US goals to end the Israel-Hamas war and in the growing conflict with Iran and its proxies.
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Railroad giant threatens to revoke workers’ hard-won schedule improvements
The $145 billion Union Pacific railroad offered paid sick days for the first time last year and they helped make the attendance system more manageable, but not being able to plan on their days off still takes a toll on engineers.
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Luxury Brands Increase Prices in Japan Amid Sales Surge, Yen Weakness
Some luxury brands are pushing through price increases in Japan, as tourists snapping up high-end goods turn the country into a bright spot for an otherwise downbeat industry.
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Indian EV Maker Ola Electric Jumps in Trading Debut
Shares of Ola Electric Mobility jumped in their trading debut, reflecting strong investor interest in India’s nascent electric-vehicle market.
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Merck Buying Drug Targeting B-Cell Diseases for Up to $1.3 Billion
Merck has struck a deal worth up to $1.3 billion to buy an investigational drug targeting B-cell associated diseases.
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Algonquin Power to Sell Renewable Energy Business for $2.5 Billion
Algonquin Power & Utilities has agreed to sell its renewable energy business for $2.5 billion as it transforms into a pure-play regulated utility.