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Special-purpose acquisition companies, or SPACs, were one of the stock market’s hottest trends in early 2021, drawing in billionaires, celebrities and athletes. Then, in early spring, enthusiasm began to wane, as “blank check” firms — which raise money from investors and then go hunting for takeover targets — started to receive greater scrutiny from lawmakers

The United States and the European Union are poised to resolve a long-running trade dispute over subsidies to Airbus and Boeing, a move that could improve transatlantic relations as both sides seek to counter China’s rising economic influence. The United States and the European Union are expected to announce a resolution of the dispute over

A once-in-century pandemic. Political polarization. The fight for social justice. An existential climate crisis. The modern CEO faces a minefield of vexing challenges every day. “We’re only at the tip of the iceberg,” Tim Ryan, US chairman of PricewaterhouseCoopers, told CNN Business. That’s why PwC, the 160-year-old accounting and consulting giant, is embarking on a

Stephen Colbert has come a long way since doing a monologue in a bathtub. The host welcomed back a full house to the Ed Sullivan Theater, home of CBS’ “The Late Show,” on Monday. It was the first time in 15 months that Colbert presented the show in front of a live audience. CNN Business

The Ever Given is no longer blocking the Suez Canal, but the crisis is far from over for companies forced to endure a protracted legal battle in hopes of recovering goods worth hundreds of millions of dollars that have been stuck on the impounded container ship for months. IKEA and Lenovo are among the companies

American citizen Nathan Maung, who has been detained in Myanmar since March 9, was released and deported to the United States on Tuesday after charges against him were dropped, his lawyer said. Nathan Maung is co-founder and editor​-in-chief of the Myanmar online news site Kamayut Media and had spent more than two months incarcerated in

Australia and the United Kingdom are set to announce a free trade agreement Tuesday as Britain continues to forge new economic relationships post-Brexit. Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson will detail the plan during London morning hours at 10 Downing Street, a Morrison spokesperson told CNN Business. “Their agreement is

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Another biotech company just touted superb results for trials of its Covid-19 vaccine. Vermont just became the first state to reach an “80% vaccinated” goal. And in a back-to-normal symbol in the entertainment industry, “The

Air travel in the United States is back. That’s great news for airline stocks, which have rallied this year on hopes that domestic trips would make a return. What’s happening: The Transportation Security Administration said over the weekend that it screened more than 2 million passengers on Friday — the highest number since early March

The federal agency responsible for overseeing consumer product safety is investigating Amazon-branded electronic products highlighted in a CNN investigation last year, according to records and interviews. CNN reported last year that dozens of AmazonBasics electronics remained for sale on Amazon.com, despite customers reporting the products had melted, exploded or burst into flames. Lawmakers immediately called