AP National Business

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — U.S. health advisers have endorsed an antiviral drug from Merck to treat COVID-19. It sets the stage for an expected authorization of the first pill that Americans could take at home for the coronavirus. A Food and Drug Administration panel voted that the drug’s benefits in

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — U.S. health advisers have narrowly endorsed an antiviral drug from Merck to treat COVID-19. It sets the stage for an expected authorization of the first pill that Americans could take at home for the coronavirus. A Food and Drug Administration panel voted Tuesday that the drug’s

By JOSH BOAK Associated Press ROSEMOUNT, Minn. (AP) — President Joe Biden is using a visit to a Minnesota community college to highlight how his $1 trillion infrastructure law will create jobs and help train workers. He is also making the case for nearly $2 trillion more in spending. Biden, who was set to deliver

By BRIAN MELLEY Associated Press LOS ANGELES (AP) — California’s first-in-the-nation law requiring women on corporate boards is being challenged in court this week on constitutional grounds. A trial begins Wednesday in a lawsuit filed by the conservative group Judicial Watch. The lawsuit claims that the law violates the equal protection clause of the California

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell took a sharp and unexpected turn Tuesday toward tightening credit for consumers and businesses in the face of mounting concerns about high inflation. Powell signaled that the Fed will likely act more quickly to phase out its ultra-low-interest rate policies even

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: R.R. Donnelley, Lithia Motors rise; Intuit, Moderna fall

By JOHN FLESHER AP Environmental Writer Michigan Gov. Gretchen Whitmer is abandoning a lawsuit aimed at shutting down an oil pipeline that runs through part of the Great Lakes. But she says the state will continue pursuing a separate case with the same goal. Michigan and Enbridge Energy sued each other last year over the

By DON THOMPSON Associated Press SACRAMENTO, Calif. (AP) — California corrections officials have begun limiting medical parole only to inmates so ill they are on ventilators. They are citing a federal rule change as the reason inmates who are quadriplegic or have other severe permanent disabilities no longer can be placed in nursing homes. An

By GEOFF MULVIHILL Associated Press NEW YORK (AP) — Lawyers for a handful of states say members of the Sackler family who own OxyContin maker Purdue Pharma are abusing the bankruptcy process. They asked a federal judge Tuesday in New York to throw out a settlement between the company and thousands of other government entities

By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — Wall Street’s losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected. The S&P 500 fell 1.9%. It was already down in the morning amid worries

By EMILY HAYNES of The Chronicle of Philanthropy Chronicle of Philanthropy GivingTuesday, the annual fundraising blitz on the Tuesday after Thanksgiving, turns 10 this year. What began as a social-media hashtag to counter aggressive consumer advertising campaigns with appeals for charitable giving has now grown into a juggernaut. Charities raised an estimated $2.47 billion from

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — U.S. health advisers are reviewing Merck’s closely watched COVID-19 pill, which could become the first easy-to-use drug for American patients. The Food and Drug Administration asked its outside experts Tuesday whether the agency should authorize the pill. They are weighing new data that the pill is

By DAMIAN J. TROISE AP Business Writer Stocks fell further on Wall Street Tuesday after the head of the Federal Reserve said the central bank is considering hastening a plan to ease support for the economy even as investors worry about the impact of a new coronavirus variant. The S&P 500 fell 1.8% and the

By SYLVIA HUI Associated Press LONDON (AP) — Britain says it will offer all adults a booster dose of vaccine within two months to bolster the nation’s immunity as the new omicron variant of the coronavirus spreads. New measures to combat variant came into force in England on Tuesday, with face coverings again compulsory in

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Chair Jerome Powell says the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year. The Fed has begun reducing its monthly bond purchases, which are intended to

By GEIR MOULSON Associated Press BERLIN (AP) — Officials say Germany’s national and state leaders will decide Thursday on new measures to tackle a sharp rise in coronavirus infections Those are likely to include restrictions on shopping for unvaccinated people and on crowds at soccer matches, and possible moves toward a vaccine mandate for all.

By JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden will visit a Minnesota community college Tuesday to highlight how his $1 trillion infrastructure law will create jobs and help train workers. The trip occurs at a crucial pivot point for Biden. He is facing the threat of the new omicron strain of the

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. consumer confidence fell to a nine-month low in November, held back by rising worries about inflation and lingering concerns about the coronavirus. The Conference Board reported Tuesday that its consumer confidence index dropped to a reading of 109.5, down from 111.6 in October. It was