Bloomberg Business

A sprawling winter storm is sweeping across the northern US this week, unleashing bitter cold and snow from California to Maine even as the Southeast sees record warmth.

Biden administration and state officials on Tuesday cranked up the heat on Norfolk Southern Corp. for its handling of the fiery freight train derailment in Ohio, as federal authorities took control of cleanup operations and two state governors raised the specter of prosecutions in conjunction with the disaster.

California Rep. Barbara Lee, an anti-war progressive who’s one of the longest-serving women in Congress, on Tuesday joined the race for the Senate seat that’s been held since 1992 by fellow Democrat Dianne Feinstein, the latest in what could become a long list of contenders.

The high-octane rally in energy stocks over the last two years looks to be fuming out as investors turn their focus to riskier, higher growth corners of the equities market.

Another baby formula recall is chipping away at supply as shortages that spiked last year still plague almost 2 million Americans.

Max Cutler is stepping down to start a new venture

The mass protests that have wreaked havoc on Peru’s mines, agriculture and tourism appear to be running out of steam, boosting the chances of an economic rebound with President Dina Boluarte still in power.

Microsoft Corp. announced an agreement to bring its games to Nvidia Corp.’s GeForce Now service, part of efforts to show that the industry will remain competitive if it’s allowed to acquire Activision Blizzard Inc. in a $69 billion deal.