Jana Partners Takes Stake in Macy’s, Urges E-Commerce Spinoff

The activist investors said that a stand-alone e-commerce business would be worth a multiple of Macy’s current market value, which stood at about $7 billion Thursday after a recent rally.

Tax Proposals Hit Headwinds as Democrats Try to Finalize Deal

A push by Democrats to fund their social-spending and climate bill...

Eli Lilly Asks FDA to Approve Alzheimer’s Drug

The drugmaker has begun the process seeking approval to sell donanemab...

Big Retailers Becoming Big Property Owners With Warehouse Deals

Companies look to save long-term costs while making a bet on...

U.S. Consumer Confidence Rose as Delta Covid-19 Wave Eased

People plan to spend on big-ticket items and go on vacation...