U.S. stocks wavered before closing lower, with the S&P 500 and Nasdaq each losing 0.1%. and the Dow industrials slipping less than 0.1%. https://ift.tt/RJ9cm5d

General Motors has at least 20 million vehicles built with a potentially dangerous air-bag part that the government says should be recalled before more people are hurt or killed. https://ift.tt/Ugp1QPZ

The UAW’s decision to forgo the all-in strike that many industry observers had expected has so far softened the disruption to the Detroit car companies’ factory footprints and bottom lines. https://ift.tt/02RIDnP

Months before the collapse of FTX, some of its U.S.-based employees discovered the so-called backdoor that Alameda Research allegedly used to withdraw billions of dollars of customer fundsfrom the cryptocurrency exchange, people familiar with the matter said. https://ift.tt/3zy28b0

Exxon Mobil is closing in on a deal to buy shale driller Pioneer Natural Resources, a takeover that could be worth roughly $60 billion, which would make it the biggest acquisition of the year. https://ift.tt/zPAdpeb

What’s News: Business & Finance https://ift.tt/ylFr9Wb

What’s News: World-Wide https://ift.tt/J9Prx2c

Pepper…and Salt https://ift.tt/sAxzJy5

Japan Says Continued One-Way Yen Moves Can Be Seen as Excessive https://ift.tt/Dgafevw

A U.S. jet fighter shot down a Turkish drone Thursday after it was deemed a threat to U.S. forces in northeast Syria, a person familiar with the episode said. https://ift.tt/Shb0so9