Bloomberg Business

The US summoned Russia’s ambassador for a meeting last week, a State Department spokesperson said, as the Biden administration pressures Moscow over the arrest and detention of Wall Street Journal reporter Evan Gershkovich on espionage charges.

The US Navy shuttered the Concord Naval Weapons Station in 2008, but plans to redevelop it for climate-friendly homes and a park are moving slowly.

The US government said it will pay $144 million to victims and family members of the 26 people killed and 22 injured during a mass shooting at the First Baptist Church of Sutherland Springs, Texas, in 2017.

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.

Mayor Eric Adams has tried hotels, shelters and a cruise terminal to house an influx of more than 50,000 migrants, an effort that’s stretched the budget to the breaking point and strained services.

Three college operators asked the US Supreme Court on Wednesday to block a legal settlement that would cancel an estimated $6 billion in debt for students who say they were misled by the schools about job prospects.

Johnson & Johnson’s first attempt at using bankruptcy to escape claims that its popular baby powder caused cancer was an expensive gamble that drew public scorn and ended in failure.

Amazon.com Inc. is partnering with India’s federal government to stream movies and TV shows from state-run studios as well as provide internships to students from government film institutes in a key market for the US e-commerce giant.

Vodafone Group Plc’s Spanish business is attracting takeover interest from potential buyers, including Apollo Global Management Inc., people with knowledge of the matter said.