May 20 (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.
– Zhang Yiming, who helped found TikTok’s Chinese parent company and turn it into a globe-straddling internet giant, will step down as its chief executive at the end of the year to focus on long-term strategy, he wrote in a letter to employees dated Wednesday. https://nyti.ms/3vao3zS
– The chief executive of Emergent BioSolutions disclosed for the first time on Wednesday that more than 100 million doses of Johnson & Johnson’s vaccine are now on hold as regulators check them for possible contamination. https://nyti.ms/3hDQLF4
– Senators on Wednesday introduced bipartisan legislation that would be the most significant overhaul of the U.S. Postal Service in years, after the beleaguered agency repeatedly asked Congress for help to address its bleak financial situation….