Some of Thursday’s top business news stories:

The Associated Press

Asian stocks follow Wall St higher on hopes for US debt deal, by Joe McDonald

Biden declares ‘America will not default,’ says he’s confident of budget deal with GOP lawmakers, by Seung Min Kim and Lisa Mascaro

CNN

Montana governor bans TikTok, by Samantha Delouya

Kaitlan Collins to anchor new 9 pm show on CNN, by Lucy Bayly and Jordan Valinsky

The Wall Street Journal

An Apple Headset Is Coming. Can It Be More Than a Nerd Helmet?, by Joanna Stern

As Oil Giants Retreat Globally, Smaller Players Rush In, by Nicholas Bariyo, Juan Forero and Jon Emont

CNBC

Pfizer to raise $31 billion in debt offering to fund Seagen acquisition, SEC filing shows, by Annika Kim Constantino

Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court, by Michael Sheetz

Reuters

Walmart investors eye margins amid grocery focus, by Siddharth Cavale

As household budgets tighten, big brands double down in dollar stores, by Jessica DiNapoli

News about business journalism:

Talking Biz News Today – May 17, 2023

Pols producer swaps ABC for CBS , Newsweek’s new VP, Dow Jones’ historic black news initiative

Your guide to Friday’s 2023 Financial Follies

Media Movers: Newsday’s James T. Madore

Dow Jones, Columbia Journalism School launch new initiative to enhance newsroom diversity

Markup investigative data journalist Varner departs

Insider hires Rollins as deputy head of entertainment

Bulk of Forbes purchase coming from foreign investors