US Business News

Self-Driving Cars Clear a Hurdle on Defining Driver

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Federal highway regulators, aiming to help companies figure out how to meet safety standards when designing cars, are willing to consider a computer running an autonomous vehicle as the “driver.”

AB InBev Gets $2.8 Billion Offer for Europe Brands

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Anheuser-Busch InBev said it has received a binding offer valued at about $2.8 billion in cash from Japan’s Asahi Group Holdings for the Peroni and Grolsch brands.

Panel Recommends FDA Approval of Remicade Knockoff

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An advisory panel to the FDA voted to recommend the agency approve the sale of a knockoff version of J&J’s arthritis drug Remicade, which had U.S. sales of $4.45 billion last year. The copy was developed by Celltrion and licensed to Pfizer.

The High Consequences of Low Interest Rates

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At the start of 2016, Americans were bracing for interest rates to rise significantly for the first time since the financial crisis. Instead, rates have slumped anew, rattling financial markets and undoing the plans of investors, consumers and businesses alike.

SoftBank Operating Profit Rises 7%

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Japanese telecom and Internet company SoftBank said it saw signs of a turnaround at troubled U.S. mobile carrier Sprint.

New Warnings on Lithium Batteries in Air Cargo

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U.S. air-safety regulators, accident investigators and pilot-union leaders issued separate warnings about the hazards of shipping lithium batteries as air cargo, boosting momentum for further international action.

Hermès Warns Revenue Growth Will Stall as Global Tension Dents Demand

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The French luxury brand says its 2016 sales growth will increase below the 8% target price as November’s Paris terror attacks cast a shadow over high fashion.

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