AP National Business

By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla has reported first-quarter net earnings over seven times greater than a year ago. The electric vehicle and solar panel company reported strong sales despite global supply chain kinks and pandemic-related production cuts in China. Tesla made a record $3.32 billion from January through March. Excluding

By ANTHONY IZAGUIRRE Associated Press TALLAHASSEE, Fla. (AP) — The Florida Senate has passed a bill to repeal a law allowing Walt Disney World to operate a private government over its properties in the state. The Republican-controlled chamber approved the bill Wednesday, escalating a feud with the entertainment giant over its opposition to what critics

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: IBM, Stride rise; Netflix, Baker Hughes fall.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stock indexes ended mixed on Wall Street Wednesday after another bumpy day of trading, while Netflix lost more than a third of its value after reporting its first subscriber loss in more than a decade and predicting more grim times ahead.

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The U.S. rolled out new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia as punishment for invading Ukraine. The sanctions include the first set of penalties against cryptocurrency mining firms in relation to the

By JOHN LEICESTER and SYLVIE CORBET Associated Press PARIS (AP) — French President Emmanuel Macron has strongly attacked his far-right election challenger, Marine Le Pen, for her links to Russia in a televised debate. He claimed Wednesday that by taking out a loan from a Russian bank she made herself dependent on Russian power. In

SAN FRANCISCO (AP) — Drugmaker Endo Pharmaceuticals has agreed to a $10 million settlement over its role in selling prescription opioids in San Francisco. City Attorney David Chiu announced the settlement Wednesday, five days before a trial is to begin over the toll of opioids there. After the settlement, four other drug companies remain defendants

By MIKE SCHNEIDER and CURT ANDERSON Associated Press ORLANDO, Fla. (AP) — The idea was presented to Florida lawmakers in a movie house outside Orlando 55 years ago: Let Disney form its own government and in exchange it would create a futuristic city of tomorrow. That city never materialized, but Walt Disney World became an

By DAVE KOLPACK Associated Press FARGO, N.D. (AP) — A poll finds that a majority of people in the United States continue to support a mask requirement for people traveling on airplanes and other shared transportation. The poll by The Associated Press-NORC Center for Public Affairs Research finds that 56% of those surveyed favor requiring

By GENE JOHNSON Associated Press SEATTLE (AP) — A surge in robberies at licensed cannabis shops in Washington state — including a pistol-whipping, gunshots and killings — is helping fuel a renewed push for federal banking reforms that would make the cash-dependent stores a less appealing target. Sen. Patty Murray of Washington, the third-ranking Senate

By MORGAN LEE Associated Press SANTA FE, N.M. (AP) — New Mexico workplace safety regulators say they have issued the maximum possible fine against a film production company for firearms safety failures on the set where actor and producer Alec Baldwin fatally shot a cinematographer in October. New Mexico’s Occupational Health and Safety Bureau on

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The heads of the International Monetary Fund and the World Bank are warning that rising interest rates are squeezing the world’s poorest countries as they struggle with the coronavirus and soaring food prices. World Bank President David Malpass said in a press conference Wednesday that there

By TOM KRISHER AP Auto Writer DETROIT (AP) — Elon Musk’s lawyer says a federal judge would trample on the Tesla CEO’s free speech rights if he ordered Musk to stop talking about 2018 tweets saying he had the funding to make Tesla a private company. In a court document filed Wednesday, lawyer Alex Spiro

BURLINGTON, Vt. (AP) — The second of four men accused in a failed plan to build a biotechnology plant in Vermont using tens of millions of dollars in foreign investors’ money raised through a special visa program has been sentenced to 18 months in prison. Seventy-three-year-old William Kelly, of Fort Lauderdale, Florida, also was sentenced

By JIM RENDON of The Chronicle of Philanthropy Chronicle of Philanthropy A new effort to help grantmakers change the way they work so they can better support Black-led nonprofits was announced Monday. Abundance is a collaboration between three Chicago-area grantmakers, Chicago Beyond, the Grand Victoria Foundation, and the John D. and Catherine T. MacArthur Foundation.

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen and Ukraine’s Finance Minister Serhiy Marchenko walked out of a Group of 20 meeting Wednesday as Russia’s representative started talking. Several finance ministers and central bank governors also left the room, according an official familiar with the meetings who spoke on the condition

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — A sharp drop in subscribers sent Netflix shares into freefall Wednesday, forcing the company to consider experimenting with ads and — hold onto your remote — cracking down on millions of freeloaders who use passwords shared by friends or family. The subscriber drop was the

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — Streaming service Netflix is dealing with a sharp drop in subscribers by considering changes to its service that it has long resisted. Netflix suffered its first loss of subscribers in years, an unwelcome surprise that drove its stock down as much as 37% in midday

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks edged mostly higher in afternoon trading on Wall Street Wednesday but were held back by streaming entertainment giant Netflix, which lost lost more than a third of its value after reporting its first subscriber loss in more than a decade

By MORGAN LEE Associated Press SANTA FE, N.M. (AP) — New Mexico workplace safety regulators say they have issued the maximum possible fine against a film production company for firearms safety failures on the set where a cinematographer was fatally shot in October by actor and producer Alec Baldwin. New Mexico’s Occupational Health and Safety