Businesses Are Cashing In on Trump’s Tax Cuts

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.While Americans won’t begin to see tax savings until next year, some corporations, including Walmart, are already reporting reductions to their tax payments

A Andrew Duehren

Behind the Supreme Court’s Push to Expand Presidential Power

For more than a decade, the Supreme Court’s conservative majority has chipped away at Congress’s power to insulate independent agencies from politics. Now, the court has signaled its willingness to expand presidential power once again.

A Ann E. Marimow, Claire Hogan, Stephanie Swart and Pierre Kattar

Trump Commuted David Gentile’s Sentence. His Victims Are Seething.

David Gentile spent just days in prison for his conviction in what prosecutors described as a $1.6 billion scheme that defrauded thousands of investors.David Gentile, convicted of defrauding investors, spent less than two weeks in prison before being pardoned by President Trump.

S Santul Nerkar and Kenneth P. Vogel

A Seized Oil Tanker Off Venezuela and the Big Business of Dark Fleet Smuggling

The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the tankers that secretively move oil from sanctioned countries.Oil tankers anchored at a refinery in Punto Fijo, Venezuela, in 2022. The country relies heavily on a so-called dark flee

R Rebecca F. Elliott and Peter Eavis

What to Know About Trump’s Seizure of an Oil Tanker Near Venezuela

The tanker was headed eastward and had recently carried Iranian oil. The seizure is an escalation in President Trump’s military pressure campaign against Venezuela’s leader, Nicolás Maduro.A satellite image showing the Skipper, an oil tanker, near Port Jose, Venezuela, in November.

E Edward Wong and Nicholas Nehamas

China Is Getting Much of What It Wants From the U.S., Including Chips

For China, President Trump’s moves to loosen chip controls, soften U.S. rhetoric and stay silent on tensions with Japan amount to a rare string of strategic gains.President Trump and Xi Jinping, China’s leader, after their meeting in Busan, South Korea, in October. Mr. Trump’s latest moves extended

L Lily Kuo

Historic Shift Underway in China’s Economy as Investment Slump Deepens

Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world.An auto factory in Ningbo, China. The Chinese government has discouraged manufacturers of electric vehicles from engaging in ruthless competition.

D Daisuke Wakabayashi and Amy Chang Chien

How Power Cuts Are Affecting Ukrainians

Russia has been targeting energy infrastructure in Ukraine, leaving multiple cities without electricity. Kim Barker, who’s been covering the war, gives us a glimpse into the daily life of Ukrainians living with power cuts.

K Kim Barker, Oleksandra Mykolyshyn, Stanislav Kozliuk, Rebecca Suner and Leila Medina

Russia Sues Holder of Frozen Assets Europe Wants for Ukraine Loan

The lawsuit was a warning to European officials who are racing to agree to a plan to use Russian government assets in Europe to lend money to Ukraine.The headquarters of the Euroclear depository in Brussels. Russia’s Central Bank said it had filed a lawsuit in Moscow against the depository.

P Paul Sonne and Jeanna Smialek

Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced.

Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.Larry Ellison, who co-founded the software group Oracle, is worth around $273 billion.

L Lauren Hirsch

Review of Medical Cannabis Use Finds Little Evidence of Benefit

Researchers found a chasm between the health reasons for which the public seeks out cannabis and what gold-standard science actually shows about its effectiveness.Addiction experts, who studied hundreds of clinical trials, guidelines and surveys conducted over 15 years, found a gulf between how the

J Jan Hoffman