This past weekend was not only an important date for two large European countries, but also for markets. In Germany, the Social Democrat Party said its members decided to join a coalition government led by Christian Democrat Chancellor Angela Merkel, enabling Merkel to form a new pro-Europe government. In Italy, voters decided not to give any political party a majority ...

There’s a standard playbook for reviving cities by turning them into technology clusters. But not every town can become the next Silicon Valley, or Robot City, or biotech mecca. Minneapolis has shown that there is another way. Cities such as Raleigh, San Diego and Pittsburgh have all followed a similar model: Build around a top-ranked research university; bring together elites ...

Corporations warned last week that if the Trump administration imposed tariffs on imports of steel and aluminum, consumers would pay the price. That’s wishful thinking in the C-suite. Toyota said tariffs “would substantially raise costs and therefore prices of cars and trucks sold in America.” Higher costs are undebatable. But can Toyota actually raise prices? That gets to the challenge ...