Bloomberg Business

Key Republicans are trying to choke off any momentum that Donald Trump can build for a third White House campaign to make room for a fresh GOP standard bearer.

General Motors Co. signed a deal with GlobalFoundries Inc. to lock up production capacity for semiconductors, helping the automaker manage a chip shortage that has hindered auto production for several years.

House Republicans are stepping up their investigation into the financial dealings of Joe Biden’s family, demanding the president’s son, brother and an associate turn over banking, travel and other documents and communications.

Tapestry Inc. shares jumped the most since November after the high-end retailer raised its full-year earnings outlook, citing more moderate currency headwinds and a sales pickup in China.

Affirm Holdings Inc. shares plunged after the buy now, pay later company reported a bigger-than-expected loss in the fiscal second quarter and said it would cut 19% of its staff as part of a restructuring.

TikTok Inc. identified a Russian disinformation network spreading war propaganda about Ukraine to more than a hundred thousand European users over the summer, the company disclosed on Thursday.

Brazil’s economic team is considering an early review of the country’s inflation targets in an attempt to defuse tensions between the central bank and President Luiz Inacio Lula da Silva, who has been publicly pushing for higher goals and lower interest rates, according to two government officials with knowledge of the matter.

Florida Governor Ron DeSantis and Donald Trump are the clear top preferences among Republican voters for the 2024 GOP presidential nomination, with no other potential candidate generating much support, a poll of the still-developing race shows.