EV start-up Nikola settles with US for $125 million
Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products,…
AP Wire
UK offers $1.3 billion to businesses hurt by omicron
LONDON — Britain announced 1 billion pounds ($1.3 billion) in grants and other aid to help the hospitality industry survive the onslaught of the omicron…
Strike at Kellogg comes to a close; workers to return Monday
NEW YORK (AP) — A strike at Kellogg that has gone on since early October has ended after workers voted to ratify a new labor…
Biden pivots to home tests to confront omicron surge
WASHINGTON — Fighting the omicron variant surging through the country, President Joe Biden announced the government will provide 500 million free rapid home-testing kits, increase…
Wall Street joins global slump for stocks; S&P 500 down 1.8%
NEW YORK — Wall Street is joining a worldwide slump for financial markets today amid worries about how badly the omicron variant, inflation and other…
Biden boosts fuel-economy standards to fight climate change
WASHINGTON — In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse…
Biogen cuts the price tag on its Alzheimer’s drug in half
Biogen is slashing the price of its Alzheimer’s treatment in half months after it debuted to widespread criticism for an initial cost that could reach…
Oracle buys medical records company Cerner for $28 billion
Oracle is buying electronic medical records company Cerner in an all-cash deal valued at about $28.3 billion. Oracle will pay $95 per Cerner share and…
Moderna: Initial booster data shows good results on omicron
Moderna said today that a booster dose of its COVID-19 vaccine should offer protection against the rapidly spreading omicron variant. Moderna said lab tests showed…
Inflation squeezes holiday budgets for low-income shoppers
NEW YORK — Emarilis Velazquez is paying higher prices on everything from food to clothing. Her monthly grocery bill has ballooned from $650 to almost…