National business

General Motors Co. will halt production of the Chevrolet Malibu sedan this fall at its Fairfax Assembly plant in Kansas to prep for production of the new Chevrolet Bolt electric vehicle, the automaker confirmed Wednesday.

Pfizer Inc. has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac heartburn drug, according to people familiar with the deal, the biggest of the litigation.

The US has revoked licenses allowing Huawei Technologies Co. to buy semiconductors from Qualcomm Inc. and Intel Corp., according to people familiar with the matter, further tightening export restrictions against the Chinese telecom equipment maker.

US mortgage rates fell for the first time since late March, giving some relief to homebuyers and lifting applications for purchases and refinancing.

 Cocoa and coffee have become intertwined this year, with extreme weather and shortages fueling rallies of both commodities that test the limits of traders.

Jennifer Wunderlich can’t recall the last time Huy Fong Foods’ Sriracha sauce was in stock at her workplace, a New York-based specialty confections and gourmet food distributor.

As the United Auto Workers continues its organizing drive in the South with an election next week at a Mercedes-Benz plant in Alabama, November’s presidential election looms as a potential turning point in the effort.

The Federal Aviation Administration said Monday that it is investigating whether Boeing employees may have skipped key inspections of certain 787 Dreamliner aircraft and falsified reports to say the work was completed.

Panera Bread Co. is discontinuing its Charged Sips, which have drawn lawsuits alleging the caffeinated drinks lead to health issues.

Spirit AeroSystems Holdings Inc. expects to keep production of Boeing Co. 737 Max aircraft bodies at 31 per month for the rest of the year as the two companies work to improve quality in their factories.

The U.S. Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets.

A government report due out later Monday will issue fresh estimates of the budget outlook for Social Security, which provides critical benefits for retirees, workers’ survivors and some people with disabilities. The report is expected to warn of automatic benefit cuts starting in the 2030s because the program is paying out more than it takes in, which will eventually exhaust its trust fund.

The concept is curious. Turn 347 International House of Pancakes locations nationwide into ghost kitchens that produce ballpark-themed fast food for delivery and pickup. Ballpark Bites outlets have sprung up seemingly overnight, 44 in California alone, second only to the 76 in Texas. Maybe that's how ghost kitchens roll.  

Tesla’s abrupt decision to lay off its electric-vehicle charging team and reduce its investments in public charging is a blow to the U.S. network, which has long relied on Elon Musk to build the bulk of the country’s fast chargers.