Business category, Page 8
Novartis to acquire Avidity Biosciences for about $12 billion
Swiss drugmaker Novartis on Sunday said it agreed to acquire U.S. biotech firm Avidity Biosciences for about $12 billion in cash, as the company looks to bolster its portfolio of treatments for rare muscle disorders. Avidity stockholders will receive $72 per share in cash, representing a premium of 46% to...
Economist: Larger tax refunds in 2026 expected, thanks to Trump tax law and IRS delay
Americans, particularly the affluent, are set to receive larger tax refunds or smaller tax bills when they file in 2026, because of President Donald Trump’s tax and spending package passed in July, an economist said. Total taxpayer savings could amount to an additional $50 billion because the IRS has yet...
Koala Boutique opens in Sewickley
Nicki Saini saw a social media post that a women’s clothing and accessories boutique in Sewickley was closing and that mannequins, fixtures and jewelry stands were for sale. Little did she realize she’d purchase more than a mannequin and a clothes rack. Saini owns Koala Boutique, a women’s clothing and...
White House says October inflation data unlikely to be released next month
WASHINGTON — The White House said Friday it had learned there likely will not be a release of inflation data next month due to the U.S. government shutdown, which could leave a gap in a data series stretching back more than a century. An impasse between Republicans and Democrats in...
Ontario premier doesn’t back down against Trump, posts video of Reagan opposing tariffs
TORONTO — The leader of Canada’s most populous province posted remarks by former U.S. President Ronald Reagan on social media on Friday showing Reagan opposed tariffs, hours after President Donald Trump announced he’s ending “all trade negotiations” with Canada because of a television ad that Trump said misstates Reagan’s opposition...
United Steelworkers elects its 1st woman president
The United Steelworkers union, a Pittsburgh-based giant of organized labor, has selected its next leader. International Vice President Roxanne Brown secured the presidency in a unionwide election, the United Steelworkers announced Friday. Brown, a Black woman, is the 10th person to hold the top job — and the first who’s...
Target plans to cut 1,800 corporate roles, Wall Street Journal reports
Target plans to cut around 1,800 corporate roles as part of its strategy to reverse stagnant sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter. As of February 1, the company had about 440,000 employees. The company’s restructuring follows 11 consecutive quarters of weak or...
Pa. union organizer deems strike timing ideal for unionized Starbucks baristas
Starbucks Workers United is launching a strike authorization vote Friday amid stalled talks for a first contract between union baristas and the coffeehouse chain. Baristas are also planning 70 “practice pickets” in 60 cities as the vote unfolds to draw attention to their demands for better staffing, pay and working...
Trump pardons convicted Binance founder ‘CZ’ Zhao
WASHINGTON — President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange, the White House said Thursday, in the latest move by Trump to boost the crypto industry and expunge its past misdeeds. Zhao, a billionaire known as “CZ” who is one of the most...
Trump to quadruple Argentine beef imports while U.S. ranchers fume
President Donald Trump’s administration is quadrupling the country’s low-tariff imports of Argentine beef in his attempt to lower grocery store beef prices, a White House official said Thursday, evoking fury from the nation’s cattle ranchers. Raising the tariff rate quota on Argentine beef to 80,000 metric tons will let the...
Starbucks workers union to begin voting on strike amid stalled contract talks
Starbucks baristas’ union said on Thursday it would vote on whether to authorize an unfair labor practice strike at unionized locations to demand that the company return to the negotiating table. Contract talks between the coffee-chain giant and the union, which represents more than 12,000 baristas, began last year, but...
Grounded paychecks: 60,000 air safety workers tighten belts as U.S. shutdown drags on
The 60,000 men and women responsible for keeping American skies safe have gone unpaid throughout the government shutdown. Without a funding agreement soon, many will be forced to dip into savings, rack up credit-card debt, or take on part-time jobs to make ends meet, several federal employees said. The shutdown...
OpenAI launches Atlas browser to compete with Google Chrome
OpenAI introduced its own web browser, Atlas, on Tuesday, putting the ChatGPT maker in direct competition with Google as more internet users rely on artificial intelligence to answer their questions. Making its popular AI chatbot a gateway to online searches could allow OpenAI, the world’s most valuable startup, to pull...
U.S. Steel to restart coke battery damaged in deadly blast
U.S. Steel is restarting one of two batteries damaged by a deadly explosion in August at its Clairton Coke Works. Battery No. 14 will go back online Thursday after about two months on hot idle, the company announced Wednesday. The battery needed substantial repairs after an Aug. 11 blast that...
Trump urges American cattle ranchers to lower prices as he touts tariffsVideo
WASHINGTON — President Donald Trump on Wednesday said U.S. cattle ranchers are benefiting from tariffs he has imposed on imports but must lower prices to encourage American consumers to buy their beef. Trump earlier this week said the administration was considering importing Argentine beef as a means of lowering record-high...
‘Firing on all cylinders’: Natural gas producer EQT Corp. posts $407M profit
Pittsburgh-based natural gas heavyweight EQT Corp. posted a $407 million third-quarter profit, bolstered by a smooth integration with newly acquired competitor Olympus Energy. “Strategically, when we look at what we’re doing, it’s really simple: getting access to the best markets and supplying the best energy,” EQT CEO Toby Rice said...
iPhone bug could contribute to numerous typing errors
Have you been making more typing errors than usual on your iPhone? Turns out, it might not just be you. There’s a new bug in iOS that’s causing frustration among iPhone users, according to PC Guide. Many users have been complaining on the iOS subreddit about typing problems after updating...
Americans are falling behind on car loans. Here’s how to catch up.
More Americans are trading in underwater vehicles. That does not mean the vehicles are submerged. In a sense, the drivers are. More than one in four trade-ins had negative equity in the third quarter of 2025, Edmunds reports. In auto industry parlance, the loans were underwater. Of all used vehicles...
Ford recalling 1.4 million U.S. vehicles over faulty rear-view cameras
WASHINGTON — Ford said Wednesday it is recalling nearly 1.45 million older vehicles in the United States due to faulty rear-view cameras and will extend warranty coverage on millions of other vehicles. The announcement is the latest in a series of recalls over the issue for the second largest U.S....
John Dorfman: Hedge-fund favorites rose 23% in past year
A bright young intern just left my firm to work for a New York hedge fund. That was bad news for me, but not unusual in the financial world. Hedge funds are magnets for talent, partly because in good years they can pay handsome bonus checks. Gurufocus.com maintains a screen...
Starboard CEO to Tripadvisor: Sell TheFork
NEW YORK - Starboard Value CEO Jeff Smith said Tuesday Tripadvisor should consider selling its restaurant booking platform TheFork and possibly the entire company. Smith, speaking at the annual 13D Monitor Active Passive Investment Summit in New York, said Tripadvisor has an “amazing” brand, but “there is a huge opportunity...
UPS to add air conditioning to 5,000 delivery trucks in hottest delivery zones
LOS ANGELES — United Parcel Service will retrofit 5,000 of its boxy, brown trucks with air conditioning in delivery areas with the hottest weather, according to the company and the Teamsters Union that represents the delivery firm’s drivers. UPS committed to add 28,000 air-conditioned delivery trucks in its current national...
Eos Energy announces $350M expansion including Pittsburgh HQ for zinc battery operation
Economic development officials have pledged $24 million in public money toward a major expansion of zinc battery company Eos Energy, which plans to add hundreds of jobs and relocate its headquarters to Pittsburgh. The investment from Pennsylvania and Allegheny County is on top of a $400 million federal loan made...
Supreme Court told Trump tariffs are illegal $3 trillion tax
Small businesses challenging many of President Donald Trump’s global tariffs urged the U.S. Supreme Court to affirm lower court rulings that the import levies amount to a massive illegal tax on American companies. Trump usurped the power of Congress to tax when he issued levies in February and April under...
Canvas, Instacart, Verizon, Fanduel, Snapchat, Venmo down. What is Amazon Web incident?
Major websites and popular apps were down and unavailable Monday, Oct. 20, due to an Amazon Web Services outage, or AWS incident. The disruption forced Verizon phones into “SOS” mode, and downed apps and impacted schools and teachers with the online platform Canvas by Instructure down, as well as Zoom,...
