Economy

Yes to an American-United Airlines merger

In a February meeting with the Trump administration, United Airlines CEO Scott Kirby floated the idea of a merger between his company, United Airlines, and American Airlines. Most analysts and antitrust experts quickly rejected the proposal, arguing it would harm competition. But antitrust law is about more than simply preserving the largest number of competitors. It is about efficiency and consumer welfare. In a fiercely competitive global economy, U.S. antitrust policy should strengthen American companies that compete internationally.

Will Trump's Most Favored Nation approach lead to lower drug prices?

When talks failed, the president sent a letter to 17 of the largest medicine makers in the summer, accusing them of “abusive drug price practices.” He said the federal government would get involved in pricing if the manufacturers didn’t step up.

Israel's central bank chief pins hopes on peace as economic shock looms

Israel's central bank governor hopes a swift resolution to the wars in Lebanon and Iran can ease a growth shock.

Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade

The southern European country has ramped up its investment in solar and wind technologies in recent years.

Uber raises stake in Delivery Hero in $318 million deal

Prosus has been forced by European regulators to sell down its Delivery Hero stake in order to proceed with a proposed acquisition of Just Eat.

European stocks soar after Iran keeps Strait of Hormuz open; travel stocks gain 5%

European stocks rebounded sharply on Friday afternoon Iran said the Strait of Hormuz was open to commercial shipping.

Cuts to overseas aid will worsen shocks to global economy, David Miliband says

Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war

U.S. oil price plunges below $84 as Iran declares Strait of Hormuz open, easing supply fears

Oil prices tumbled more than 11% after Iran declared the Strait of Hormuz open amid a ceasefire deal with Lebanon.

The Global Public Debt Problem

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Asia markets mostly fall as fragile Middle East ceasefire tempers sentiment

Most Asia-Pacific markets traded lower Friday as an Israel-Lebanon ceasefire tempered risk appetite, even after Wall Street closed at fresh record highs.

This is the fastest-growing job for young workers, LinkedIn says

Updated on: April 16, 2026 / 5:47 PM EDT / CBS News

Newly unsealed records reveal Amazon’s price-fixing tactics, California attorney general claims

Exclusive: A trove of previously redacted documents was filed as part of the tech giant’s anti-trust battle with the state of California. Amazon denies it engages in price-fixing