AP National Business

By LEKAN OYEKANMI and MICHAEL LIEDTKE Associated Press BRYAN, Texas (AP) — Theranos founder Elizabeth Holmes entered a Texas prison Tuesday where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley. Holmes, 39, could be seen from outside the prison’s gates

By TRISHA AHMED Associated Press/Report for America ST. PAUL, Minnesota (AP) — Minnesota’s governor has legalized marijuana for people over 21. Democratic Gov. Tim Walz signed the bill on Tuesday, making Minnesota the 23rd state to legalize the drug. Former Gov. Jesse Ventura spoke at the signing ceremony. He served as the state’s governor from

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — International Monetary Fund has  signed off on an initial loan of $900 million and raised its estimate for the country’s economic growth. Gavin Gray, the IMF’s mission chief to Ukraine, says the economy is showing “remarkable resilience” following Russian attacks on its electricity infrastructure. The

By MATT O’BRIEN AP Technology Writer Scientists and tech industry leaders, including executives at Microsoft and Google, have issued a new warning about the perils that artificial intelligence poses to humankind. The statement posted online Tuesday says that “mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such

Nvidia has joined the exclusive club of companies with a $1 trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence. Nvidia Corp. joins tech titans like Alphabet, Apple and Microsoft in the $1 trillion club. Its stock rose 5% in Tuesday trading, eclipsing $408 per share. Since its initial public

By GEOFF MULVIHILL Associated Press A federal appeals court cleared the way for the maker of OxyContin to settle thousands of legal claims tied to the opioid epidemic while shielding the wealthy owners of Purdue Pharma, the Sackler family, from future lawsuits. Under the plan approved Tuesday by the 2nd U.S. Circuit Court of Appeals

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is drifting in mixed trading Tuesday after Washington reached a tentative deal to avoid a potentially disastrous default on its debt. The S&P 500 was down 0.1% in afternoon trading, remaining near its highest level in nine months. The Dow Jones Industrial Average

By MATT OTT AP Business Writer Consumer confidence fell in May as Americans, particularly older ones, became more pessimistic about the labor market, on top of elevated anxiety over inflation. The Conference Board reported Tuesday that its consumer confidence index fell to 102.3 in May from 103.7 in April. It’s the fourth time in five

By TOM KRISHER AP Auto Writer DETROIT (AP) — Thanks to a boost from the government, leasing — not buying — is becoming the most affordable way to get your hands on an electric vehicle. Last year’s Inflation Reduction Act provided a federal tax credit of up to $7,500 to use toward an EV. Under

BERLIN (AP) — A central figure in a German tax evasion scandal has been convicted and sentenced to more than eight years in prison, the second verdict against him in the space of a few months. The Wiesbaden state court on Tuesday convicted German lawyer Hanno Berger of three counts of tax evasion and gave

LONDON (AP) — Scientists and tech industry leaders have issued a new warning about the perils that artificial intelligence poses to humankind. The statement posted online Tuesday says that “mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.” Sam Altman, the CEO

ATHENS, Greece (AP) — Greece’s Education Ministry says it has been targeted in a cyberattack described as the most extensive in the country’s history, aimed at disabling a centralized high school examination platform. It said the distributed denial of service, or DDoS, attacks aimed at overwhelming the platform occurred for a second consecutive day Tuesday.

By YURI KAGEYAMA and MATT OTT AP Business Writers Wall Street pointed mostly higher early Tuesday after President Joe Biden and House Speaker Kevin McCarthy reached an agreement on a deal to raise the U.S. national debt ceiling. Futures for the Dow were flat the S&P 500 rose 0.7% before the bell. Biden and McCarthy

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s foreign minister has met Tesla CEO Elon Musk and said U.S.-Chinese relations require “mutual respect” while touting the promise of the country’s electric vehicle industry. U.S.-Chinese relations are especially tense after Washington shot down a Chinese balloon that was believed to be gathering intelligence and

By JILL LAWLESS Associated Press LONDON (AP) — Boris Johnson established an independent inquiry while he was U.K. prime minister into the government’s handling of the COVID-19 pandemic. Now the inquiry wants to see what Johnson wrote to other U.K. officials as the outbreak raged. But the government is fighting a demand to hand over

YAVNE, Israel — MediWound: Q1 Earnings Snapshot

By MELISSA LAMBARENA of NerdWallet If you’re struggling to keep up with payments or save toward a goal, continuing to use a credit card for all purchases can hinder financial progress. Credit card rewards or other incentives don’t hold as much value when you’re carrying a hefty balance and paying steep interest charges. By taking

TROY, Mich. — Skyline: Fiscal Q4 Earnings Snapshot

By TERRY CHEA Associated Press WEST SACRAMENTO, Calif. (AP) — Hundreds of goats munch on long blades of yellow grass on a hillside next to a sprawling townhouse complex. They were hired to clear vegetation that could fuel wildfires as temperatures rise this summer. These voracious herbivores are in high demand to devour weeds and