China announced that it would allow families to have three children, a sharp change from its existing policy limiting families to two children, after the latest census showed a fast-declining birth rate. The decision highlights how sharply births have fallen, which has implications across the social and economic spectrum, as China tries to undo the impact of its decades-long one-child policy....
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Alphabet’s self-driving car subsidiary Waymo on Wednesday said it raised $2.5 billion from investors, with an asterisk: Alphabet was the lead investor in the round, according to a person familiar with the deal. In Silicon Valley, the lead designation usually belongs to the party that contributed half of the total amount in the round. So either Alphabet CFO Ruth Porat wanted to make sure...
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