Justice Dept. defends TikTok law that forces app’s sale or ban

The Justice Department argued in a court filing Friday that TikTok should be required to sell its American operations to resolve national security concerns about its Chinese parent company, ByteDance. 1:05 a.m.

RI BUSINESS

IGT Gaming to be purchased by Apollo Global Management in $6.3b deal

An IGT spokesman told the Globe the company “does not envision any significant job cuts," and that he “cannot predict” if the company would renew its lease for office space in downtown Providence. 3:37 p.m.

POLITICS

‘Running as a woman of color and you’re a first is enormously challenging’: In R.I., Ocasio-Cortez backs Harris, cites climate

The New York congresswoman, along with other Congressional Democrats, was in Rhode Island Friday to talk about wind energy. 2:45 p.m.

Steward closing hospitals in Boston, Central Mass.

Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer will shut down, the bankrupt company said on Friday. 2:10 p.m.

EV charging company picks Boston for East Coast headquarters

The chief executive of EVPassport said he has already hired 20 people for the 4,000-square-foot office, which is expected to open in September, and plans to add another 15 people to the local team. 1:43 p.m.

Here’s what we do and don’t know about the Steward closures

The bankruptcy-battered health system revealed plans Friday to close Carney Hospital in Dorchester and Nashoba Valley Medical Center in Ayer. 1:33 p.m.

Harris will carry Biden’s economic record into the election. She hopes to turn it into an asset.

Consumer sentiment plunged in late 2021 and has barely recovered even as inflation has plummeted from 9.1 percent in 2022 to 3 percent. 11:49 a.m.

RI BUSINESS

Casino operator Bally’s to be acquired by hedge fund in $4.6b deal

Standard General, a hedge fund that owns more than a quarter of the sports betting and casino operations at the company, will buy Bally’s for $18.25 a share 9:14 a.m.

RI BUSINESS

Hasbro shares surge on profit beat, digital gaming strength

Hasbro Inc. shares jumped this week after the company beat expectations in the second quarter thanks to strong performance of its digital games. 9:02 a.m.

They expected an Olympic boon. But some Paris businesses are experiencing a bust.

Some would-be tourists decided to avoid Paris altogether during the Olympics, fearing high prices, crowds, or general chaos. 4:59 a.m.

TALKING POINTS

Legislature approves pay-gap measure; heads to governor

Stories you may have missed from the world of business. 6:56 p.m.

Despite chilly reception, Wu’s property tax home rule petition clears initial Beacon Hill hurdle

The measure appeared to have a grim future on Beacon Hill after lawmakers expressed hesitancy, and even outright skepticism, in response to the proposal during a legislative hearing earlier this month. 5:14 p.m.

Lilly loses $120 billion in value as rival obesity drugs impress

The company’s shares fell as much as 6.2 percent on Thursday, hitting the lowest intraday level since May. They’re down 14 percent over the past eight trading sessions, their worst eight-day stretch since 2020. 4:06 p.m.

Imitation beef? Wahlburgers sues California barbecue company, claiming trademark infringement.

In a lawsuit filed Wednesday, the Hingham-based burger chain accused Backyard BBQ Village of infringing on its trademark and unlawfully posing as Wahlburgers at two county fairs beginning in May. 3:32 p.m.