Bloomberg News

Government, Business

Congress Gets Text of $900 Billion Relief Bill Hours Before Vote

The U.S. Capitol building in Washington, D.C., Dec. 20. (Ting Shen/Bloomberg News) The U.S. Capitol building in Washington, D.C., on Dec. 20. (Ting Shen/Bloomberg News)

The House released the text of a massive 5,593-page package of legislation that combines pandemic relief with a bill to fund government operations just hours before lawmakers were set to cast their votes on Dec. 21.

December 20, 2020
Business, Fuel

LNG Surges to Six-Year High With Cold Snap in Importing Nations

LNG tanker A liquefied natural gas tanker is moored at a port in Incheon, South Korea. (SeongJoon Cho/Bloomberg)

Liquefied natural gas has made a dramatic rebound from a pandemic-induced demand collapse, and the rally in the heating and power-plant fuel could extend into next year.

December 18, 2020
Business, Technology, Fuel, Logistics

CEO of Arrival Aims to Make Electric Buses, Vans in Microfactories

Denis Sverdlov Arrival CEO Denis Sverdlov by Simon Dawson/Bloomberg News

Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.

December 16, 2020
Government, Business

Pfizer Vaccine Cleared in US

The Pfizer Global Supply Kalamazoo manufacturing plant. (Paul Sancya/Associated Press) The Pfizer Global Supply Kalamazoo manufacturing plant in Portage, Mich. (Paul Sancya/Associated Press)

Pfizer Inc. gained emergency U.S. authorization for its COVID-19 vaccine on Dec. 11, completing an unprecedented scientific sprint that could eventually help bring an end to a pandemic that has killed nearly 300,000 Americans.

December 11, 2020
Government, Business

Bipartisan Relief Plan Released With Key Hurdles Unresolved

The U.S. Capitol building is seen at dusk in Washington, D.C., on Nov. 12. The U.S. Capitol building is seen at dusk in Washington, D.C., on Nov. 12. (Stefani Reynolds/Bloomberg News)

The Democratic and Republican lawmakers working on a compromise pandemic relief plan delivered a more detailed summary of their proposal Dec. 9 but haven’t yet resolved the deadlock over a business liability shield and aid to state and local governments.

December 9, 2020
Government, Business, Technology, Safety

Some Experts See Plane-Crash Risk Rising on Expansion of 5G Spectrum

Federal Communications Commission headquarters FCC headquarters. “I see a very significant safety issue here unless we find a way to mitigate it,” said Terry McVenes, president of RTCA Inc., a nonprofit that studies technical issues involving aviation. (Andrew Harrer/Bloomberg News)

A plan to redeploy spectrum for super-fast 5G wireless networks is sparking concern among aviation safety experts that it could result in interference with the electronics on aircraft, potentially leading to crashes.

December 7, 2020
Government, Business, Fuel

OPEC+ Agrees on Gradual Easing of Oil-Output Cuts Next Year

A pump jack operates in an oil field in Midland, Texas, on July 29. A pump jack operates in an oil field in Midland, Texas, on July 29. (Tony Gutierrez/Associated Press)

The Organization of Petroleum Exporting Countries and its allies reached an agreement to ease its oil-output cuts next year more gradually than previously planned, giving a fragile market more time to absorb the extra supply.

December 3, 2020
Government, Business

Bipartisan Senate Group Pitching $908 Billion Stimulus Plan

A pedestrian stands in front of closed stores in Newark, N.J., on Nov. 25. (Angus Mordant/Bloomberg News) A pedestrian stands in front of closed stores in Newark, N.J., on Nov. 25. (Angus Mordant/Bloomberg News)

A bipartisan group of lawmakers in the House and Senate unveiled a $908 billion stimulus proposal Dec. 1 in an effort to break a monthslong impasse that is threatening to tip the economy back into contraction.

December 1, 2020
Business, Technology, Logistics

Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO

Doordash's logo is displayed on an iPhone. (Gabby Jones/Bloomberg News) Gabby Jones/Bloomberg News

DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.

November 30, 2020
Government, Business, Fuel

OPEC+ Meets to Seek Compromise on Plan to Delay Output Hike

An oil pumping jack operates in an oilfield in Russia on Nov. 19. (Andrey Rudakov/Bloomberg News) An oil pumping jack operates in an oilfield in Russia on Nov. 19. (Andrey Rudakov/Bloomberg News)

OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.

November 30, 2020

Pages