Latest News Updates From Bloomberg News

GovernmentBusiness

Biden, GOP Leaders Say Infrastructure Deal Possible

Republican congressional leaders said it may be possible to reach agreement with Joe Biden on an infrastructure plan after meeting May 12 with the president at the White House.

May 12, 2021
GovernmentBusiness

Senators Working on Infrastructure Alternative

Utah Republican Mitt Romney said April 14 a group of senators is in the 鈥渆arly stages鈥 of discussing a potential counterproposal to President Joe Biden鈥檚 $2.25 trillion infrastructure and spending plan that would be more narrowly focused and less expensive.

April 14, 2021
GovernmentBusinessLogistics

Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit

A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.

March 10, 2021
BusinessTechnologyAutonomous

GM-Backed Cruise in Talks to Buy Startup Voyage

Cruise, the self-driving vehicle company majority owned by General Motors Co., is in talks to acquire Voyage, an autonomous technology startup that operates in retirement communities, according to people familiar with the matter.

March 3, 2021
BusinessFuelAutonomous

Tesla Stock Wipes Out Gains for the Year

Tesla Inc. shares wiped out their year-to-date gains Feb. 23 and briefly traded below the level where they were when the electric carmaker entered the S&P 500 Index in December.

February 23, 2021
GovernmentBusiness

Yellen Favors Higher Company Tax

Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy.

February 22, 2021
GovernmentBusinessTechnologyLogisticsAutonomous

Electric Aircraft Demand Seen Growing for Deliveries

Electric aircraft such as drones could account for 30% of same-day package deliveries by 2040 as network scale dramatically brings down costs, according to L.E.K. Consulting.

February 16, 2021
GovernmentBusinessFuel

North Carolina Environmental Chief Michael Regan Tapped to Lead EPA

President-elect Joe Biden is nominating Michael Regan to lead the EPA, putting a North Carolina environmental regulator in line to chart national policy on combating climate change and pollution, according to people familiar with the matter.

December 17, 2020
GovernmentBusinessSafetyLogistics

First Hiccups Seen in US Push to Deliver COVID-19 Vaccine

The first hiccups in the distribution of a COVID-19 vaccine in the U.S. included a holdup in delivering 3,900 shots to two states and the announcement that Pfizer Inc. would deliver almost a million fewer doses next week than are set to ship this week.

December 16, 2020
GovernmentBusinessFuel

Getting US to Zero Carbon May Cost $2.5 Trillion by 2030

It鈥檚 going to take $2.5 trillion in spending over the next decade to get the U.S. on a path to a carbon-free economy, but the transition will help to pay for itself, Princeton University researchers say.

December 15, 2020