Bloomberg PG&E Corp rose after a California lawmaker requested a bill to help the state’s largest utility absorb liabilities from this year’s fatal wildfires. Kellie Smith, an adviser to assemblyman Chris Holden, said she is drafting legislation that could be introduced as early as December 3. It may serve as a framework for lawmakers to consider relief for PG&E from ...

Bloomberg European Union negotiators approved the first bloc-wide rules to prevent foreign investments from threatening national security in a sign of growing political unease over Chinese acquisitions. Representatives of EU governments and the European Parliament agreed on draft legislation to screen foreign direct investments (FDI). The deal in Brussels ends 14 months of deliberations over an initiative that for years ...

Bloomberg Shares of Boston Scientific Corp fell the most in more than three years, after the medical device company said it would buy BTG Plc for 3.3 billion pounds ($4.2 billion). While the deal will give Boston Scientific new products for the treatment of cancer and other disorders, it will add to the US company’s debt. It also likely takes ...