Bloomberg Texas’s power grid passed its biggest test since last year’s deadly blackouts, keeping most lights on during a wintry blast. This storm, however, was far less severe than last year’s monstrous one, leaving questions whether the state is really ready for another deep freeze. While reforms politicians enacted in the past year did help keep power plants running, ...

  Unilever Plc wants to buy and sell assets to create a faster-growing consumer-products business. But this strategy of bulking up before slimming down won’t serve shareholders well. With activist Nelson Peltz building a stake in Unilever through his hedge fund Trian Fund Management LP, the prospect of breaking up the giant has come into sharp relief. That’s because its ...

Alphabet Inc. and Meta Platforms Inc., the world’s biggest digital advertising platforms, once again raked in astonishing amounts of money in 2021. “So what else is new?” you’re probably wondering. Almost every year for the past decade, the companies also known as Google and Facebook set profit records. But this week marked a troubling difference. Facebook’s announcement that user numbers ...