BLOOMBERG More than a decade after regulators vowed to tame the risks of too-big-to-fail banks, White House officials were on a call. Why, one attendee asked, was JPMorgan Chase & Co allowed to buy First Republic Bank that morning in a government-led auction? The answer came, flatly, from Treasury Secretary Janet Yellen: They had the highest bid. After a year …

BLOOMBERG Samsung Electronics Co has delayed mass production plans at its new chip plant in Taylor, Texas, the Seoul Economic Daily said, potentially dealing another blow to the Biden administration’s ambition to increase domestic semiconductor supplies. Mass production at the upcoming $17 billion fab would begin in 2025, the newspaper reported, citing a speech by President Choi Siyoung of Samsung’s …

BLOOMBERG Apple Inc said it would put its latest smartwatch models back on sale in its US retail stores after it won a court ruling in a patent fight, providing a quick reprieve for its $17 billion business. The company said its Apple Watch Series 9 and Ultra 2 would also resume online sales beginning on Thursday by noon Pacific …