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Smog in Phoenix and Salt Lake City? The E.P.A. Is Blaming Asia.

The Trump administration says the cities shouldn’t be penalized for unhealthy air because pollution can blow in from abroad. Some experts say that’s preposterous.
HomeBusinessBill Ackman’s I.P.O., Pershing Square USA, Raises $5 Billion

Bill Ackman’s I.P.O., Pershing Square USA, Raises $5 Billion

The initial public offering of Mr. Ackman’s new fund, Pershing Square USA, raised $5 billion.