Consulting giant McKinsey & Co. has reached a $573 million settlement with states over its work advising OxyContin maker Purdue Pharma LP and other drug manufacturers to aggressively market opioid painkillers, according to people familiar with the matter.
In a new interview, Elon Musk agreed with some scathing criticism of Telsa Inc. vehicles, and advised against buying Tesla vehicles during a production ramp-up.
Parler, a moderation-light social media platform that was forced offline last month by tech giants over how it policed its content, has fired its chief executive.
The GameStop surge is often cast as a triumph of amateurs over professionals. Which it was, to a degree. But it also was a trade that pitted professionals against other professionals.
Democrats may be forced to scale back their ambitions for a $1.9 trillion coronavirus relief package as one key senator, West Virginia’s Joe Manchin, has said he won’t support trying to stretch the rules governing the budget process.
IAC/InteractiveCorp. once again saw strong momentum for its Vimeo unit, though growth at home-improvement platform ANGI Homeservices Inc. slowed as the pandemic impacted demand for indoor projects.
Oil futures climb on Wednesday to score another finish at the highest in a year, finding support from expectations that U.S. economic stimulus measures will boost energy demand and a modest weekly decline in U.S. crude inventories.
EBay Inc. shares rose nearly 10% in after-hours trading Wednesday after the online marketplace provider’s results beat expectations as revenue rose along with gross merchandise volume during the quarter that included the holidays.
Yum China Holdings Inc. stock rise in the extended session Wednesday after the operator of KFC, Pizza Hut and other fast-food brands in China beat fourth-quarter expectations and warned it sees “significant headwinds” in the first quarter due to a COVID-19 resurgence in certain regions of China.
President Biden may be winning points with environmentalists, renewable-energy champions and U.S. allies abroad for his serious approach to slowing global warming, but his electric-vehicle plan has some practical challenges when applied across all 50 states.
PayPal Holdings Inc.’s profit tripled in the fourth quarter as the company capped off what Chief Executive Dan Schulman called the strongest quarter in its history, fueled by accelerated adoption of digital payments during the pandemic.
Two of three major U.S. stocks indexes recorded modest gains Wednesday, but with the Nasdaq Composite closing lower, as energy stocks rose after oil rose to a 1-year high and Amazon and Google reported healthy results.