A measure of consumers’ outlook on the U.S. economy declined in April. (WSJ)
The European Union is preparing tariffs on $12 billion of U.S. products over subsidies to Boeing Co. (WSJ)
India’s Jet Airways suspended all international flights as the debt-stricken carrier sought new financial support. (WSJ)
Bristol-Myers Squibb shareholders approved the company’s $74 billion acquisition of rival drug company Celgene Corp. (WSJ)
Pharmaceutical giant Merck KGaA reached a deal to buy Versum Materials Inc. (WSJ)
Foxconn Technology Group Chairman Terry Gou says the iPhone will go into mass production in India this year. (Bloomberg)
3D printing startup Fast Radius raised $48 million in a Series B funding round led by United Parcel Service Inc. (Plastics News)
Supermarket chain Albertsons Cos. joined the IBM Food Trust blockchain-based network. (Supermarket News)
Ace Hardware Corp. will start delivering online orders from its stores. (Internet Retailer)
British supermarket chain Tesco PLC cut $147 million in logistics and distribution costs in the year ending in February. (SHD Logistics)
Governments in Europe and Asia are proposing new energy-efficiency targets for the shipping industry to reduce greenhouse gas emissions. (Lloyd’s List)
Container shipping rates from Asia to North Europe have have declined 36% this year. (The Loadstar)
International Container Terminal Services Inc. is in talks with creditor banks to buy the Subic Bay, Philippines site run by bankrupt Hanjin Heavy Industries. (Seatrade Maritime)
The new owners of British trucker Aspray Group will try to strike a debt agreement with creditors under U.K. insolvency law. (Motor Transport)
First-half profit at U.K. online retailer ASOS fell 87% as rising logistics and technology costs offset revenue growth. (Logistics Manager)
Data used to build the first image of a black hole was so vast it had to be physically shipped in parcel networks, not digitally transferred. (The Atlantic)
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