The United States budget deficit grew to a record $864 billion in June as the federal government continued pumping money into the economy to prop up workers and businesses affected by the coronavirus pandemic, the Treasury Department said on Monday.
See Original Article

Abbott Laboratories ABT, +0.05% and Edwards Lifesciences Corp. EW, -0.92% said late Monday they settled a patent dispute with each other over certain heart valve repair products. The two medical device makers have been embroiled in a legal dispute for …
See Original Article

Quest Diagnostics Inc. said on Monday the turnaround for COVID-19 tests it is conducting in the United States has lengthened, with non-prioritized patients waiting a week or more on average for their results. So-called priority 1 patients — those in hospitals, …
See Original Article

LOS ANGELES (CBSLA) – California Gov. Gavin Newsom ordered the closure Monday of all indoor operations at restaurants, bars, gyms, churches, malls, and other locations in 30 counties statewide, including Los Angeles, Riverside, and Orange as officials …
See Original Article

SoftBank has hired Goldman Sachs to advise it on a potential IPO or sale of chip designer Arm Holdings. SoftBank acquired Arm in 2016 for about $32 billion. SoftBank received inbound interest in Arm, according to sources familiar with the matter. Masayoshi …
See Original Article