Bloomberg Business

Bath & Body Works Inc., which was on the verge of a proxy battle with Third Point LLC, has appointed a director nominated by the activist investor.

Altria Group Inc. agreed to buy vaping startup Njoy Holdings Inc. for at least $2.75 billion in cash while bringing its ignominious journey with closely held Juul Labs Inc. to an end, signaling a new direction as the tobacco company keeps trying to accelerate a shift toward cigarette alternatives.

Rent the Runway Inc. will add an extra item to each shipment at no additional cost to subscribers, a sign that the fashion-rental company’s recent restructuring efforts are giving it greater financial flexibility.

South Africa’s tax authority said it’s unable to find any record of funds brought into the country by a Sudanese businessman that were used to purchase buffalo from President Cyril Ramaphosa.

A Tesla Inc.-inspired price war among electric vehicle makers in China is taking a toll on even the most resilient players, as evidenced by BYD Co.’s staggering $18 billion drop in the past month.

Goldman Sachs Group Inc. is recommending buying Apple Inc. shares for the first time in nearly six years, after being mostly on the sidelines as the iPhone maker’s stock more than quadrupled in value.

Agnico Eagle Mines Ltd. is weighing what to do with its only Australian gold mine after landing two big takeovers within two years that turned the Canadian company into the world’s third-largest gold producer.

Canadians’ ability to adjust to higher rates could be instructive for other countries.

The UK is bracing for a blast of Arctic weather, boosting demand for natural gas and testing the country’s energy networks in the final weeks of winter.

AI ‘copilot’ will help answer customer calls, summarize sales meetings and generate marketing pitches