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Republicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them. Now, as Americans finish filing to the IRS for the first time under the new system, the law has swelled the deficit and surveys show just one-fifth of taxpayers believe […]

FRANKFURT, Germany (AP) — German prosecutors charged former Volkswagen CEO Martin Winterkorn and four others with fraud in the emissions cheating scandal that has helped turn many Europeans against diesel engines and accelerated the push toward electric cars.Prosecutors said Monday that Winterkorn knew about the scheme since at least May 2014 and failed to put […]

SAN FRANCISCO — Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company’s worst quarters in the past two years. The net loss was more than double what analysts had predicted as Tesla’s sales slumped 31% for the quarter. […]

(Bloomberg) — Beyond Meat Inc. piled on the market value, serving up the year’s best first day for a U.S. initial public offering. The maker of vegan beef and sausage substitutes soared, rising as much as 192 percent from its IPO price of $25 share. The shares, which opened at $46, closed their first day […]

Juul founders Adam Bowen and James Monsees, who were named to the 2019 TIME 100 list, called vaping’s potential for helping adult smokers ditch combustible cigarettes “one of the greatest opportunities for public health in the history of mankind” at the TIME 100 Gala on Tuesday. Juul has dominated the e-cigarette market with its sleek […]

Walgreens has decided to raise its minimum age for tobacco sales several weeks after a top federal official chastised the drugstore chain for violating laws restricting access to cigarettes and other tobacco products. Deerfield, Illinois-based Walgreens Boots Alliance Inc. said Tuesday that it will require customers to be at least 21 years old to purchase […]

(Bloomberg) — Facebook Inc. said it’s banning a number of controversial far-right figures, including Alex Jones, Milo Yiannopoulos and Laura Loomer, for violating the social-media company’s policies on hate speech and promoting violence. The company is also blocking religious leader Louis Farrakhan, who is known for sharing anti-Semitic views; Paul Nehlen, a white nationalist who […]

(Bloomberg) — Netflix Inc. lost as much as $8 billion in market capitalization in a few minutes of trading on Walt Disney Co.’s news of its upcoming — and cheaper — rival streaming service. Disney unveiled details of the service on Thursday after the close, saying it would launch Nov. 12 at a price of […]

(COPENHAGEN, Denmark) — Pilots for Scandinavian Airlines on Friday launched an open-ended strike following the collapse of pay negotiations, forcing the company to cancel virtually all its flights — 673 of them, affecting 72,000 passengers. The Stockholm-based carrier said talks on a new collective bargaining agreement with the SAS Pilot Group, which represents 95% of […]

(STERLING, Virginia) — President Donald Trump criticized social media companies after Facebook banned a number of extremist figures, declaring that he was “monitoring and watching, closely!!” Trump, who tweeted and re-tweeted complaints Friday and Saturday, said he would “monitor the censorship of AMERICAN CITIZENS on social media platforms. ” He has previously asserted that social […]