Business Update

Heidi O’Neill will join the maker of yoga pants and other athletic clothing in September. Source link

The company is investing in robots and self-driving taxis that are not yet generating significant sales. Source link

Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began. Source link

The former employee of the YouTube star’s production company said in a federal lawsuit that she had experienced sexual harassment and pregnancy discrimination. Beast Industries denies all of the claims. Source link

The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years. Source link

The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States. Source link

Justin Sun, one of the largest backers of World Liberty Financial, sued the Trump family’s crypto start-up, accusing it of a fraudulent scheme to pressure him into buying digital coins. Source link

Kevin M. Warsh, at his confirmation hearing to lead the Federal Reserve, sought to dispel doubts that he would yield to President Trump’s demand for lower rates. Source link

Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz. Source link

A law meant to end surprise medical billing accidentally created a multibillion-dollar industry that is making doctors richer. Source link