GLOBAL ECONOMY

Federal law lets the president intervene in labor disputes to impose a "cooling off" period for negotiations, though President Biden doesn't plan to use that if there is a port strike.

Several leading business groups are urging President Biden to use his authority under the Taft-Hartley Act to restore operations at ports affected by the dockworkers strike.

Dockworkers at seaports on the East and Gulf Coasts went on strike Tuesday after negotiations with port employers over a new contract remained at an impasse.

International Longshoremen's Association on Sunday said workers are readying for the picket lines should a deal not be reached by end of day Monday.

Nippon Steel's bid to buy U.S. Steel was given the green light by an arbitration board tasked with reviewing the United Steelworkers union's complaints with the transaction.

The looming strike by about 45,000 ILA dockworkers at ports on the East and Gulf coasts would affect a variety of products imported and exported at the 36 seaports at risk of stoppages.

Former President Trump said he'll impose 200% tariffs on John Deere's imported products if it shifts production from the Midwestern U.S. to Mexico as previously announced.

The growth of highly sought-after weight-loss drugs like Wegovy and Ozempic, otherwise known as GLP-1 medications, represents a shift in obesity management.

Nippon Steel and U.S. Steel are pushing back on reports their merger would undermine U.S. national security amid reports the Biden-Harris administration is preparing to block the deal.

A new study found that weekly injections of 2.4 mg of semaglutide could lower the risk of deaths related to COVID-19, marking another potential benefit of these blockbuster drugs.

Canada's two major railroads locked out nearly 10,000 workers on Thursday after labor talks with the Teamsters union broke down. The shutdowns could be felt throughout North America.

A plastic organization expressed its disappointment in the White House after the U.S. reportedly will support a global treaty reducing production.

Moscow tried to tackle its financial needs by shifting over to ally currencies, but struggled to skirt the threat of secondary sanctions due to the use of dollars and euros globally.

The Olympic Games costs billions. The Paris organizing committee's budget is reported to be $4.4 billion. With other costs added, such as infrastructure, it's closer to $9 billion.