Breaking
May’s jobs gain represents a pickup of the labor market’s recovery from the pandemic amid signs that businesses struggled to fill job openings. The jobless rate fell to 5.8%.
The latest moves come amid a surge over the past two weeks in meme stocks, a frenetic rally reminiscent of the Reddit-fueled craze of late January.7
More than any executive swept up in the meme-stock trade, the movie-theater chain CEO has come to represent the surrealism and opportunities of modern-day trading.2
The investigations into the tech giant’s classified-ads service Marketplace ramp up regulatory scrutiny for the company in Europe.5
Aircraft owners are junking fewer planes than just before the pandemic, as prices for spare parts remain low and airlines look to retain the ability to ramp up again quickly.
Doctors and nurses now can administer one of the new forms of a Covid-19 antibody drug by a simple injection, rather than intravenous infusion.
WSJ News Exclusive
The deal would be the largest SPAC transaction on record and would hand investor William Ackman’s entities a 10% stake in a newly public Universal.
Business & Finance
The websites, which regulators have accused of stealing from clients, collected money over Wirecard’s credit-card payments network.
The housing market’s record-high prices have many owners of starter homes reluctant to sell because they can’t afford to upgrade, creating an acute shortage of homes for sale at lower price points.7
The airline said if Boom’s new Overture jetliner meets safety, operational and sustainability standards, it hopes to fly passengers on the supersonic aircraft by the end of the decade.
The tight labor market is hampering new restaurant and supermarket openings, putting a potential check on growth in a food industry that is being reshaped by the pandemic.474
Ambitious European Union regulation limiting coolant gas lacks enforcement and the profit from selling illicit, climate-changing gases appeals to international organized crime groups.
U.S.
The president presented a top Senate Republican with a $1 trillion infrastructure proposal, which includes a minimum corporate tax of 15% for the nation’s largest companies.
The investigation has to do with campaign contributions made by employees who worked for Mr. DeJoy when he led a North Carolina logistics company, his spokesman said.
A drug sold by AstraZeneca and Merck reduced the recurrence of breast cancer in women with an early but aggressive form of the disease, a long-running international study found.39
World
Yahya Sinwar and the militant group now face the political and economic fallout of repeated clashes with Israel, which have set back development in the Gaza Strip.2
Missile-equipped drones built with affordable digital technology helped turn the tide against Russian-backed forces in Syria, Libya and Azerbaijan.423
Police arrested two people they accused of using social media to promote a banned vigil commemorating the victims of the 1989 Tiananmen Square massacre, an annual event that is now seen as testing the limits of China’s crackdown on dissent.
The move shows the Biden White House’s willingness to continue some of the hard-line China policies started by former President Trump.
Life & Arts
These people can afford to buy a home, but instead are opting for built-to-rent communities that include an array of luxury amenities.26
With hitters focused on swinging for the fences, MLB hurlers have found a countermeasure that’s stifling offense across baseball: the high fastball.87
Film Review
Christian Petzold weaves a contemporary tale inspired by the myth of a water nymph and her human lover.9
A behavioral economist answers questions on overcoming anxiety, preventing litter and sticking with bad decisions.
Video
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