Investment bank Lazard reported a sharp 91% decline in second-quarter profit, as a significantly higher tax rate and weaker performance in its financial advisory business weighed on earnings. Net income dropped to $5 million,...
The U.S. Justice Department is asking a Manhattan federal judge to uphold subpoenas issued to two New York Times journalists who reported on security concerns surrounding President Donald Trump’s use of a Qatar-donated Air...
Domino’s Pizza Enterprises is considering an appeal after Australia’s Federal Court ruled that the company made misleading representations regarding the application of certain enterprise agreements covering its workers. The case was brought by a...
The European Commission on Wednesday issued a formal statement of objections to Chinese e-commerce giant JD.com regarding its proposed acquisition of German electronics retailer Ceconomy, intensifying its investigation into the deal under the EU’s...
The Trump administration has announced a $5 billion initiative to tackle long-standing scientific challenges using artificial intelligence across multiple fields. The program will involve 15 federal agencies, including the Departments of Health and Human...
The Republican-controlled U.S. House of Representatives on Tuesday passed a short-term funding measure aimed at preventing a government shutdown by extending federal agency funding through December 4. The temporary spending bill, known as a...
The Trump administration has temporarily halted nearly $1 billion in federal Medicaid payments to California and Minnesota, citing suspected fraud and noncompliance. U.S. Health Secretary Robert F. Kennedy Jr. announced the move alongside Centers...
A U.S. federal judge has temporarily blocked the Trump administration from enforcing new immigration policies that would have stripped tens of thousands of asylum seekers and immigrants with Temporary Protected Status (TPS) of their...
Novo Nordisk has filed a lawsuit against rival Eli Lilly in a U.S. federal court, accusing the American pharmaceutical company of misleading advertising by claiming its weight-loss drugs outperform Novo’s treatments. The lawsuit, filed...
French lawmakers are set to vote on a bill that would ban children under the age of 15 from accessing social media platforms, as the country steps up efforts to protect minors from the...