Netherlands and Japan Said to Join U.S. in Curbing Chip Technology Sent to China

WASHINGTON — The Netherlands and Japan, both makers of some of the world’s most advanced equipment for manufacturing semiconductors, agreed on Friday to join with the United States in barring some shipments of their most high-tech machinery to China, people familiar with the agreement said. The agreement, which followed high-level meetings with U.S. national security … Read more

His Boating App Needed a Boost. His Daughter’s TikTok Audience Came Through.

Jeff Foulk spent four years creating his version of the perfect boating app. By his own estimation, he spends 80 to 100 percent of his time retooling and reimagining the GPS app, Argo Navigation. He made it easy to use. He color-coded routes based on depth. He added a social networking aspect that would recommend … Read more

‘Buy Now, Pay Later’ Is the Victim of its Own Success

The industry is now facing an existential crisis, as profits remain elusive, valuations plummet, competition increases and regulators ask tough questions about the lending practices behind B.N.P.L. A victim of its own success Klarna, the SoftBank-backed B.N.P.L. company, until recently was the largest start-up in Europe, with a valuation of $45.6 billion despite never making … Read more

When Private Equity Came for the Toddler Gyms

Changes didn’t take long. Within weeks, long-tenured headquarters employees started leaving. In conversations with franchisees across the country, numerous owners expressed frustration that the support they depended on had evaporated; instead of calling a trusted adviser whenever they wanted, they had to file an online ticket. (Unleashed said that it “never sought to cut access” … Read more

How a Drug Company Made $114 Billion by Gaming the U.S. Patent System

Some Medicare patients have been suffering as a result. Sue Lee, 80, of Crestwood, Ky., had been taking Humira for years to prevent painful sores caused by a chronic skin condition known as psoriasis. Her employer’s insurance plan had helped keep her annual payments to $60. Then she retired. Under Medicare rules, she would have … Read more

Easy to Use, Mobile Payment Apps Are Also Easy to Misuse

Think of the payments as cash, said Jennifer White, senior director of banking and payments intelligence at J.D. Power. “You would not hand someone you did not know cash, and so you shouldn’t send cash to anyone you are not personally connected with.” Other tips: Use the identity verification options your app offers, like two-factor … Read more

Sam Bankman-Fried’s Prosecutors Ask Judge to Tighten Bail Conditions

Federal prosecutors in Manhattan said on Friday that the disgraced cryptocurrency executive Sam Bankman-Fried had tried to contact a potential witness in his criminal case, and they asked a judge to impose new bail conditions limiting his ability to communicate with former colleagues. In a court filing, the U.S. attorney’s office for the Southern District … Read more

Anthropic, an A.I. Start-Up, Is Said to Be Close to Adding $300 Million

Anthropic, a San Francisco artificial intelligence start-up, is close to raising roughly $300 million in new funding, two people with knowledge of the situation said, in the latest sign of feverish excitement for a new class of A.I. start-ups. The deal could value Anthropic at roughly $5 billion, though the terms were still being worked … Read more

China’s Oil and Gas Use Fell in 2022 for First Time in Decades

With its economy severely hampered by stringent measures to curb the spread of Covid-19, China’s oil and gas consumption declined in 2022 for the first time in decades, the International Energy Agency said on Friday. But after China’s recent reversal of its lockdown policies, the agency’s executive director, Fatih Birol, said he expected a sharp … Read more