A worrisome scarcity of cancer drugs has heightened concerns about the troubled generic drug industry. Congress and the White House are seeking ways to address widespread supply problems.
The Swiss bank released new details about the acquisition’s likely impact on its balance sheet.
Some lawmakers say they would rather discuss environmental reviews separately.
The company wants a state court case involving development at Disney World dismissed, saying actions by the Florida governor and his allies made it moot.
WeWork CEO Sandeep Mathrani is stepping down.
Effective May 26, Mathrani will leave WeWork and be replaced by Board Member David Tolley on an interim basis. The coworking giant announced the leadership change in a press release on Tuesday.
Mathrani is joining Sycamore Partners as a director leading its real estate activity.
No reason was given for Mathrani’s departure or the suddenness of WeWork’s announcement. Tolley, a former Blackstone private equity partner, joined WeWork’s board this year. A WeWork representative declined additional comment.
Mathrani spent over three years in WeWork’s top spot, succeeding interim co-CEOs Artie Minson and Sebastian Gunningham, who replaced co-founder Adam Neumann after his star fell in…
Shares of companies in most industries traded lower with debt-ceiling negotiations remaining at a standstill.
AT&T, America’s largest telecommunications company, is consolidating its office space into nine locations and will require some 60,000 managers to come back to the office.
The company will require managers to come into the office at least three days per week, CEO John Stankey said in a Bloomberg Radio interview this week.
Affected employees will be required to return to the office beginning in July in Dallas and Atlanta, where AT&T has major hubs, and by Sept. 4 in Los Angeles, Seattle, St. Louis, San Ramon, California, and Middletown and Bedminster, New Jersey. Eighty-five percent of the company’s employees live near one…
President Biden announced a two-year pause on the tariffs last year after importers complained that the penalties would threaten broader adoption of solar energy in the United States.
The developer responsible for building housing for people experiencing homelessness for the People’s Park project in Berkeley backed out Monday, citing lengthy delays caused by the litigation swirling around the contentious project.
A nonprofit called Resources for Community Development said it would no longer be involved in the project, according to the San Francisco Chronicle.
In February, a California Court of Appeals ruled those who approved the broader student housing project near the University of California, Berkeley campus failed to adequately consider its environmental impacts. The project proponents have appealed that ruling to the California Supreme Court.
The project calls for the development of a 3.1-acre park, with…
Senators derided Gregory Becker at a hearing about the failure of his bank. “It sounds a lot like ‘my dog ate my homework’,” one said.