At long last, President Joe Biden has settled on a candidate for one of the biggest jobs in global finance: the vice chair for bank supervision at the Federal Reserve. The nominee — Duke University law professor Sarah Bloom Raskin — is a good choice for what will be an immensely challenging assignment. First, it’s worth noting that everyone on ...

  Bloomberg A trade association representing major US airlines asked Transportation Secretary Pete Buttigieg and the nation’s top communications and aviation regulators to prevent wireless carriers from implementing 5G services close to airports. Airlines for America warned in a letter that the traveling and shipping public could see “catastrophic disruptions” if the new C-band frequencies were put into service within ...

  Bloomberg Unilever Plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc’s consumer products division, according to people familiar with the matter. Some financial firms have discussed lending enough for a bid higher than 50 billion pounds ($68 billion) — the latest of three offers Glaxo has rejected for a bundle of ...