business

The new head of the Food and Drug Administration division that regulates infant formula was in recent months a corporate lawyer defending a top formula maker from claims that its product gave rise to debilitating harm to premature babies. Kyle A. Diamantas joined the F.D.A. last month to lead the food division, leaving the law … Read more

China signaled on Tuesday that it is willing to go further than before in its trade tit-for-tat with President Trump by hitting a top American biotechnology company. China’s Ministry of Commerce said it would ban Illumina, a San Diego company, from importing its gene-mapping products in China. Illumina is the world’s leading producer of gene-sequencing … Read more

Minutes after President Trump’s latest tariffs took effect, the Chinese government said on Tuesday that it was imposing its own broad tariffs on food imported from the United States and would essentially halt sales to 15 American companies. China’s Ministry of Finance put tariffs of 15 percent on imports of American chicken, wheat, corn and … Read more

President Trump’s rancorous threat to abandon Ukraine is stoking support for a long-debated proposal to use billions of dollars in frozen Russian assets to buy weapons for Ukraine and finance its reconstruction. The money — roughly $300 billion owned by Russia’s central bank — was frozen by the United States, the European Union, Britain and … Read more

Sweeping tariffs on imports from Canada, Mexico and China went into effect just after midnight on Tuesday, raising U.S. tariffs to levels not seen in decades and rattling foreign governments and businesses that depend on international trade. As of 12:01 a.m. Tuesday, the Trump administration added a 25 percent tariff on all imports from Canada … Read more

When Jennifer Trebb first pulled into her driveway two years ago with her sleek Tesla Model Y, it was — as she put it — “kind of like a ‘Back to the Future’ moment.” She was helping the environment, she said, but driving a Tesla also had cachet. “It was definitely a little bit of … Read more

Nobody knows how exactly how long ago a marbled and tender boneless short-loin steak came to be known across the United States as a New York strip. Everybody agrees, though, that the nomenclature wasn’t the least bit controversial until last Friday, when Lt. Gov. Dan Patrick of Texas proposed a new name: the Texas strip. … Read more

On Sunday evening, as well-heeled guests trickled out of a screening of “Becoming Katharine Graham,” a documentary on the fabled former Washington Post publisher, they couldn’t help but remark on how much has changed at the paper, and in Washington. Under Ms. Graham, from 1963 to 1991, the publication transformed itself from a regional newspaper … Read more

Stocks fell sharply on Monday afternoon after President Trump affirmed tariffs on imports from Canada and Mexico, dashing investors’ hopes of a last-minute reprieve and intensifying concern that the sweeping tariffs could hit corporate profits and fuel inflation. The S&P 500 fell 1.8 percent, the index’s biggest daily drop this year. The technology-heavy Nasdaq fell … Read more

Elon Musk’s Department of Government Efficiency has deleted hundreds more claims from its mistake-plagued “wall of receipts,” erasing $4 billion in additional savings that the group said it had made for U.S. taxpayers. Late Sunday night, the group erased or altered more than 1,000 contracts it had claimed to cancel, representing more than 40 percent … Read more