AP National Business

By MARCY GORDON AP Business Writer WASHINGTON (AP) — The head of a Senate panel examining social media’s negative effects on young people dismissed as a public relations tactic some safety measures announced by Facebook’s popular Instagram platform. Adam Mosseri, the head of Instagram, faced lawmakers at a hearing with senators angry over revelations of

By STAN CHOE AP Business Writer NEW YORK (AP) — Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don’t want it to squelch the next wave of the internet or send it offshore to other countries. Leaders from major crypto exchanges, mining and

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — U.S. officials have authorized a new COVID-19 antibody drug for people with serious health problems or allergies who can’t get adequate protection from vaccination. The Food and Drug Administration granted emergency use Wednesday to the drug combo made by AstraZeneca. The drug could benefit cancer patients,

Stocks that traded heavily or had substantial price changes Wednesday: PagerDuty, Raytheon rise; Stitch Fix, Vera Bradley fall.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks ended modestly higher on Wall Street Wednesday after a day of choppy trading. The S&P 500 rose 0.3% and the Dow Jones Industrial Average eked out a gain of 0.1%. The tech-heavy Nasdaq rose 0.6%. Communications and health care stocks made solid gains, along

By HALELUYA HADERO AP Business Writer In a blog post titled “No Dollar Signs This Time,” billionaire philanthropist MacKenzie Scott said she won’t reveal how much she has given to charity since her last round of donations earlier this year, in an effort to reduce the attention she draws. Scott, whose fortunes is estimated by

By KEVIN FREKING Associated Press WASHINGTON (AP) — The Senate is poised to approve a resolution overturning the Biden administration’s requirement that businesses with 100 or more workers have their employees be vaccinated against the coronavirus or submit to weekly testing. The Democratic-led House is unlikely to take it up, which means the mandate would

By BRIAN MELLEY and MATTHEW BROWN Associated Press LOS ANGELES (AP) — A report filed with federal regulators reveals the offshore pipeline that spilled tens of thousands of gallons of crude oil off the Southern California coast in October did not have a fully functioning leak detection system. The report was filed by pipeline operator,

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines says travel was strong over Thanksgiving and that momentum is carrying into December. The airline said Wednesday that as a result, it expects to report a profit in the fourth quarter. Southwest says revenue is still below pre-pandemic levels, but it’s higher than the

LAKELAND, Fla. (AP) — The billionaire daughter of the Publix Super Markets founder has died after having early-onset Alzheimer’s Disease. She was 65. Publix announced Wednesday that Carol Jenkins Barnett died Tuesday night at her home in Lakeland, Florida. She was diagnosed with Alzheimer’s in 2016. Barnett was one of seven children of Publix founder

By SYLVIA HUI Associated Press LONDON (AP) — British Prime Minister Boris Johnson has announced tighter restrictions to stem the spread of the omicron variant. He is again urging people to work from home and mandating COVID-19 passes to get into nightclubs and large events. Johnson said it was time to impose stricter measures to

By MICHAEL LIEDTKE Associated Press SAN JOSE, Calif. (AP) — The defense team for fallen Theranos founder Elizabeth Holmes has rested its case in Holmes’ criminal fraud trial, setting up several days of preparation before closing arguments begin. Those arguments are scheduled to be held December 16-17. The case could be turned over to the

By The Associated Press SAN FRANCISCO (AP) — The fraud trial of fallen Theranos founder Elizabeth Holmes continues Wednesday with additional cross-examination of Holmes and possibly additional testimony from other witnesses. Holmes, 37, has pleaded not guilty to charges of defrauding investors and patients by failing to deliver on her promise to revolutionize health care

LONDON (AP) — British Prime Minister Boris Johnson has announced tighter restrictions to stem the spread of the omicron variant. He is again urging people to work from home and mandating COVID-19 passes to get into nightclubs and large events. Johnson said it was time to impose stricter measures to prevent a spike of hospitalizations

By JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Boris Johnson has apologized and ordered an inquiry after a leaked video showed senior members of his staff joking about holding a lockdown-breaching Christmas party. The video has poured fuel on allegations that Conservative government officials flouted coronavirus rules they imposed on everyone else.

By MATT O’BRIEN and FRANK BAJAK AP Technology Writers Robotic vacuum cleaners wouldn’t start. Doorbell cameras stopped watching for package thieves, though some of those deliveries were canceled anyway. Netflix and Disney movies got interrupted and The Associated Press had trouble publishing the news. A major outage in Amazon’s cloud computing network on Dec. 7

By The Associated Press SAN FRANCISCO (AP) — Fallen Theranos founder Elizabeth Holmes wrapped up her testimony Wednesday after several days of questioning by both her attorneys and prosecutors. Holmes, 37, has pleaded not guilty to charges of defrauding investors and patients by failing to deliver on her promise to revolutionize health care with a

By JOSH FUNK AP Business Writer Canadian Pacific’s $31 billion plan to acquire Kansas City Southern cleared one of its final hurdles Wednesday when CP shareholders overwhelmingly approved the deal that would create the first railroad connecting the United States, Canada and Mexico. The ownership of the Missouri-based railroad is expected to change next Tuesday

By MARCY GORDON AP Business Writer WASHINGTON (AP) — The CEO of Facebook’s Instagram is facing lawmakers angry over revelations of how the popular photo-sharing platform can harm some young users and demanding a commitment from the company to make changes. Adam Mosseri is testifying at a Senate hearing as Facebook, whose parent now is