Biden weighs new executive order restraining big business

The Biden administration is developing an executive order directing agencies to strengthen oversight of industries that they perceive to be dominated by a small number of companies, a wide-ranging attempt to rein in big business power across the economy, according to people familiar with the plans.


Tesla sees profit in 4Q, despite big 2Q losses

Though the trailblazing electric-car company produced a record number of cars, it lost $408 million in the second quarter. However, a company spokesman said that largely reflects one-time events and that on an adjusted basis the second-quarter earnings loss is closer to $120 million.