Bloomberg Senate Democrats took a major step towards the biggest expansion in decades of federal efforts to reduce poverty, care for the elderly and protect the environment, passing a $3.5 trillion budget framework that opens the way for President Joe Biden’s economic agenda. The party-line 50-49 vote marks an abrupt reversal from the tax-cutting philosophy of Republicans when they controlled ...

Bloomberg European Sustainable Growth Acquisition Corp is buying Germany’s ADS-TEC Energy GmbH, which creates technology used for electric charging platforms, in a deal that will give the combined firm a market value of about $580 million. The transaction with the special purpose acquisition company, or SPAC, includes a $156 million private investment in public equity, or PIPE, with investors such ...

Bloomberg Germany will expand Covid-19 testing requirements for non-vaccinated people and end free tests to prod more residents to roll up their sleeves. Starting later this month, negative results will be required for people who haven’t been inoculated or can show they’ve recovered from the disease to eat in restaurants, go to the hairdresser and attend sporting events. The government ...