Retailers are bracing for a wave of postholiday merchandise returns, with returns-services provider Optoro projecting that U.S. consumers will send back $173 billion of goods between Thanksgiving and the end of January. https://ift.tt/KjNrynm

Major U.S. stock indexes advanced to start the holiday-shortened trading week, with the S&P 500 and Dow both gaining 0.4% and the Nasdaq rising 0.5%. https://ift.tt/aRLy0GF

The companies that install and operate electric-vehicle charging networks are in the middle of a building boom, but their share prices are sputtering. https://ift.tt/Tib9JnF

Drug company Bristol-Myers Squibb struck a $4.1 billion deal to buy RayzeBio in a bet on a re-emerging cancer drug technology. https://ift.tt/Uv1k2wT

AstraZeneca agreed to buy Gracell Biotechnologies for a transaction value of $1.2 billion, as part of AstraZeneca’s efforts to grow its cell therapies business. https://ift.tt/3DohdTn

What’s News: Business & Finance https://ift.tt/OsiMU3V

Snatching American Citizens: New Tool of Hostile Governments https://ift.tt/KMjOwkp

Pepper…and Salt https://ift.tt/0BYuXNE

How China Manages Its Currency—and Why That Matters https://ift.tt/WRbYLgV

How Can Spending Be Up When People Feel Down? https://ift.tt/gfkMQSR