Top Business News

California Ballot Measure to Raise Minimum Wage to $18 an Hour Fails

Voters rejected a plan to boost the lowest hourly wage rate by $2, which critics said would raise prices and lead to job cuts.

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More Large U.S. Employer Health Plans Covering Weight-Loss Drugs

A survey by consulting firm Mercer shows that close to half of U.S. companies with more than 500 employees now cover drugs such as Wegovy, Ozempic, and Zepbound.

Apple Seeks End to Smartphone Monopoly Case

The iPhone pioneer asks a federal judge to toss an antitrust case alleging the company unfairly limits developers’ access to its technology.