GLOBAL ECONOMY

A bipartisan group of senators introduced legislation Friday that would incentivize U.S. suppliers and manufacturers to boost domestic semiconductor production. 

The U.S. trade deficit narrowed sharply in October, falling from a record high as exports surged, government data showed on Tuesday.

Biden administration released a 5-pillar strategy to combat corruption on Monday

Canada's 'OPEC of maple syrup' is releasing tens of millions of pounds of maple syrup from its strategic reserves amid worldwide shortages

The pharmaceutical industry is bracing for the most significant expansion of government regulation of drug prices in decades despite success in watering down proposals from congressional Democrats that would have gone much further.

Global supply chain woes are beginning to recede, but shipping, manufacturing and retail executives say that they don’t expect a return to more normal operations until next year and that cargo will continue to be delayed if Covid-19 outbreaks disrupt key distribution hubs.

The U.S. and Japan on Wednesday announced a trade agreement aimed at deepening "the cooperation" between the two countries just a day after President Biden held a video conference with Chinese President Xi Jinping.

A group of Republican senators, including Tom Cotton of Arkansas and Marco Rubio of Florida, called on Commerce Secretary Gina Raimondo Tuesday to blacklist companies that are providing artificial intelligence technology to the Chinese military.

President Biden pressed Chinese President Xi Jinping to fulfill his predecessor’s phase one trade deal, during a virtual meeting between the two leaders on Monday evening, senior officials said.

Former President Donald Trump’s trade adviser says the U.S. needs to completely decouple from China to make it pay for COVID-19.

The U.S. trade deficit hit a fresh record of $80.9 billion in September, driven by a surge in imported goods that far outpaced exports, government data showed on Thursday.

A California judge ruled late Monday that four drug companies can't be held liable for fueling widespread opioid addiction in the state.

As the nation heads into the Christmas season, fears are mounting that massive inflation and ongoing supply chain issues will make this holiday one of the most expensive in memory.

Harley-Davidson Inc. shares rallied sharply Monday after the U.S. and European Union settled a dispute over steel and aluminum tariffs.

The Biden administration is using every tool at its disposal to “unstick the ports” ahead of Christmas and is also aiming to partner with American industry to “incentivize” domestic production of semiconductor chips amid the global supply chain crisis, U.S. Secretary of Commerce Gina Raimondo said Sunday.

President Biden and European Commission President Ursula Von Der Leyen announced a new agreement on Sunday that includes lifting steel and aluminum tariffs as part of what Biden called “a new era of transatlantic cooperation.”

President Biden is convening world leaders at the Group of 20 summit on Sunday to talk about ways to relieve the supply chain bottlenecks hampering the global economy as it recovers from the coronavirus pandemic.

President Biden and other world leaders at the G20 Summit in Rome endorsed a global minimum tax on corporations.

Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s internal company research had identified ill effects from its products, according to people familiar with the matter.