After months of wrangling, the Italian parliament has finally passed a new electoral law. The new rules will make it much harder for the anti-establishment Five Star Movement to come to power. They will not, however, give Italy the stability it needs to escape the low-growth trap. The law is a complex combination of first-past-the-post and proportional representation. Any party …

The recent disclosures that Russians bought ads from Facebook, Google and Twitter to target US voters in 2016 have left lawmakers investigating how to prevent foreign interference in future elections. But there’s another alarming problem that Congress also needs to address: how to prevent domestic and foreign organizations from duping Americans out of information they unwittingly share on social media …

Bloomberg US stocks erased early gains to trade little changed, while the dollar and Treasuries struggled for direction as investors awaited details of Republican tax cuts and the Federal Reserve’s latest decision. The euro slipped as data showed inflation unexpectedly slowed in the region. Small caps advanced, while the S&P 500 pared a gain as a torrent of decisions with …