The record privacy penalty by the EU puts pressure on Washington to complete a deal that would allow Meta to send user data stateside.

Vacancies are climbing and rents are sinking amid a stalled return-to-office rate.

Many employersโ€™ health plans are trying to restrict access to the pricey drug and alternatives like Wegovy.

NATO membership isnโ€™t on the table for now, but the U.S. and European allies could provide Kyiv guarantees for weapons and advanced technology.

Bickering over a stone wall, turtles and afternoon tea. Barbs such as, โ€œtake up knitting!โ€ A bitter business dispute roils a village.

Korean carmaker known for its budget brands has become an EV innovator; sets sights on Tesla

WHAT'S NEWS

Business & Finance

  • Facebook owner Meta Platformsย was fined $1.3 billion by European Union regulators for sending user information to the U.S., a record privacy penalty for the bloc.
  • Share prices for someย of the largest office landlords have dropped to near historic lows, reflecting a sluggish return-to-office rate and a rise in the number of short sellers.
  • U.S. stocks ended mixed,ย with the S&P 500 and Nasdaq gaining 0.02% and 0.5%, respectively, while the Dow fell 0.4%.
  • Chevron deepened its commitmentย to oil-and-gas drilling in the U.S., spending $6.3 billion to acquire PDC, a rival with sizable operations in Texas and Colorado.
  • Activist investor TCS Capitalย has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives, according to people familiar with the matter.
  • TikTok sued Montana overย the stateโ€™s new ban of the social-media platform, challenging the lawโ€™s constitutionality.
  • Applied Materials said itย would invest as much as $4 billion in a new California facility to conduct research on tools for making semiconductors.
  • Exploiting Chinaโ€™s ban onย Micron products wonโ€™t be easy for South Korea or memory-chip rivals Samsung and SK Hynix, as geopolitics complicate what could be a welcome opportunity to boost sales.

World-Wide

  • U.S. and NATO leadersย are coalescing around a vision for shoring up Ukrainian defenses and seeking to guarantee the countryโ€™s sovereign future as Kyiv enters a pivotal stage in its war with Russia.
  • Russia said its militaryย and security forces were fighting against Ukrainian units that had crossed into its southern Belgorod region.
  • McCarthy and Biden failedย to reach a deal to raise the debt ceiling following a high-stakes meeting at the White House but planned to press ahead with talks as the U.S. nears a deadline to prevent a first-ever default.
  • Beijing responded to theย G-7 leadersโ€™ firm language toward China by rejecting Bidenโ€™s suggestion that a thaw in U.S.-China relations was imminent.
  • The U.S. signed dealsย that will deepen security ties with Papua New Guinea, representing a success for Washington as it seeks to counter Chinaโ€™s influence in the Pacific.
  • Republican Sen. Tim Scottย of South Carolina formally announced his bid for the presidency.
  • A district judge inย Idaho entered a not guilty plea for Bryan Kohberger, who is accused of killing four University of Idaho students last year.
  • Foreign-born workersโ€™ share ofย the U.S. labor force rose last year to the highest level in 27 years of records, as labor demand surged and the pandemic faded.