The Latest Breaking News from Wall Street Journal

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Congress pushed a ruling proposing screening investments in rival countries like China to protect U.S. technologies and rebuild critical supply chains, the Wall Street Journal reports. The action would require American companies and investors to disclose new outbound investments with a new interagency panel to review and block investments on national…

The U.S. government is preparing to launch vaccines for children below five in conjunction with educational and outreach efforts, pending approval by federal regulators, the Wall Street Journal reports. The government looks to provide ten million initial doses as the virus spreads nationwide, leaving the parents anxious. The vaccinations could begin…

Media organisations call on Brazil’s president to step up efforts to find Phillips and Indigenous advocate Bruno Pereira

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

CNBC

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…