business 
In her first briefing as White House press secretary, Karoline Leavitt said she was “committed to telling the truth from this podium every single day.” Moments later she announced that the new administration had blocked a $50 million contract for condoms in Gaza. “That is a preposterous waste of taxpayer money,” she said. It was … Read more
President Trump said on Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those nations sent into the United States, claiming that Venezuela has “purposefully and deceitfully” sent criminals and murderers into America. In a post on Truth Social, the president said countries that purchased oil or … Read more
When the biotech company Humacyte designed a study to see if its lab-grown blood vessel worked, it decided to measure whether blood was flowing freely through the high-tech tube 30 days after it was implanted in a person. As those days passed, some of the 54 patients in the study ran into trouble. Doctors lost … Read more
Surprisingly, Mr. Ewing, who joined The Times in 2010 as a European economics reporter based in Frankfurt, doesn’t consider himself much of a car enthusiast. “I’m interested in the engineering,” he said. “I like to visit factories. But I’m not someone who gets all excited about horse power, or some new kind of car.” In … Read more
Ahead of President Trump’s next big trade move, his administration invited companies to weigh in on the economic barriers they faced abroad. The list of complaints was both sprawling and specific. In hundreds of letters submitted to the administration in recent weeks, producers of uranium, shrimp, T-shirts and steel highlighted the unfair trade treatment they … Read more
Before the election, Toyota Motor and other Japanese automakers thought a second Trump administration could be good for them. President Trump had campaigned on dismantling policies aimed at swiftly accelerating the U.S. auto industry’s shift away from fossil fuels and to electric vehicles — directives that Toyota and other leading manufacturers of gasoline and hybrid … Read more
Relaxing in a United Airlines Club lounge is now going to cost airline regulars much more. United is overhauling its lounge membership program, reducing amenities and increasing the cost to enter the dozens of United Clubs worldwide, including locations in Tokyo, Chicago and Los Angeles. At a time when lounges are more in demand than … Read more
Within the Trump administration’s Defense Department, Elon Musk’s SpaceX rocketry is being trumpeted as the nifty new way the Pentagon could move military cargo rapidly around the globe. In the Commerce Department, SpaceX’s Starlink satellite internet service will now be fully eligible for the federal government’s $42 billion rural broadband push, after being largely shut … Read more
The genetic testing company 23andMe filed for bankruptcy protection on Sunday after months of uncertainty over its business model and mounting concerns about the security of the troves of customer data it holds. In a statement, 23andMe said it had filed for Chapter 11 bankruptcy to “facilitate a sale process to maximize the value of … Read more
