Bloomberg Airbnb Inc. agreed to buy HotelTonight, its biggest acquisition yet, in a move to increase hotel listings on the site ahead of an eventual initial public offering for the home-sharing startup. Airbnb declined to disclose financial terms of the deal, but a person familiar with the matter said the price is close to HotelTonight’s last private valuation. A venture ...

Bloomberg Purdue Pharma LLP says its decision on whether to file for bankruptcy to avoid being swamped by opioid lawsuits doesn’t depend on the timing of the first trial over its role in the public-health crisis. A judge in Oklahoma refused Purdue’s, Johnson & Johnson’s and Teva Pharmaceutical Industries Ltd.’s requests to push back a May trial of Oklahoma officials’ ...

Bloomberg President Donald Trump took a victory lap on Twitter, saying aluminum prices are down about 12 percent since his tariffs were implemented. While Trump’s figure is mostly accurate, as far as the price of the metal traded on the London Metal Exchange is concerned, the president failed to point out that the impact of tariffs was reflected mostly in ...