PRESS DIGEST- New York Times business news - May 12

ReutersMay 12, 2026 4:39 AM

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May 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Byron Allen, the comedian turned entrepreneur, is buying a controlling stake in BuzzFeed BZFD.O, with co-founder Jonah Peretti stepping down as CEO.

- U.S. President Donald Trump has proposed suspending federal gas tax until prices fall.

- U.S. Health Secretary Robert F. Kennedy Jr. is pushing for government scientists and federal data contractors to examine his theory that vaccines are helping to fuel an epidemic of chronic disease.

- British Prime Minister Keir Starmer vowed to take full control of British Steel, a year after the government first intervened to keep its operations going.

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