Wall Street Journal
WSJ.com: US Business
Shell Plans to Drill in Gulf of Mexico Despite Climate and Political Debate
The European oil giant is investing billions of dollars in the Gulf even as the Biden administration sends mixed signals on the future of drilling there.
Rajeev Misra to Step Back From Top Executive Role at SoftBank
Misra, who runs SoftBank?s giant venture-investing arm, plans to run a new outside investment outfit, according to a company memo.
Merck Is in Advanced Talks to Buy Cancer Biotech Seagen
A deal, potentially worth $40 billion or more, would help Merck broaden its lineup of cancer drugs, currently led by Keytruda.
Memory-Chip Prices Fall From Pandemic Highs
The average contract price for a major type of memory fell by 10.6% in the second quarter and prices are expected to decline even more in the coming months.
Senate Report Hits AbbVie's Bermuda Tax Structure for U.S. Humira Sales
Company made most of its overall 2021 sales in the U.S. while recording most of its profits in foreign subsidiaries, leaving it with a tax bill far below the 21% U.S. rate.
Inflation Fears Drove Larger Fed Rate Increase
Fed officials concluded last month they needed to raise rates faster and to levels high enough to slow the economy because of the worsening inflation picture.
Hiring Demand Remained Strong in May
Demand for workers remained robust in late spring, with May job openings and the number of times workers quit their jobs declining but remaining historically high.