Business

The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval.

The Biden administration is laying the groundwork to spend roughly $52 billion on semiconductor research and manufacturing even as it’s awaiting congressional approval of the funding, Commerce Secretary Gina Raimondo said.

Negotiations for a multitrillion-dollar infrastructure package in the U.S. Senate remain tenuous as strong Republican opposition challenges a plan by Democratic leaders to schedule a key floor vote in the waning days of July.

Officials in St. Louis Park, Minn., are moving forward with an ordinance that would limit truck parking.

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Omaha, Neb.-based Union Pacific Corp. reported strong second-quarter results, surpassing expectations of Wall Street analysts.

A bipartisan group of senators is closing in on a $579 billion infrastructure deal after agreeing to pay for it in part by delaying a Trump-era Medicare regulation, a key Democratic senator said July 22.

Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations.

Mullen Group reported a gain in revenue but saw earnings dip in the second quarter.

Uber Technologies Inc.’s freight business will acquire logistics technology firm Transplace from TPG Capital for $2.25 billion, the company announced July 22.