China’s huge bet on new-energy vehicles has understandably gotten the world’s attention. But a less flashy phenomenon now underway may be at least as consequential for the environment in the near term: China is finally getting into used cars. A familiar ritual in most nations, buying vehicles secondhand had until recently been all but unknown in China. In most markets, ...

The cleverest corporate strategies can come unstuck when they meet reality. That may include the ambitious plan hatched by Japan’s Takeda Pharmaceuticals Co. to buy the British drugmaker Shire Plc. This deal has got off to a bad start, and bad starts are often inauspicious in M&A. Takeda’s stock fell 16 percent between its interest in Shire emerging and the ...

Theresa May survived a key Brexit showdown with rebels in her own Conservative Party in parliament. The apparent compromise frees the prime minister to negotiate a divorce agreement with the European Union. But her threat of walking away without a deal is no longer credible. If she fails in the negotiations, there’s now every chance parliament will force her back ...