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(Bloomberg) -- When Sterling Infrastructure Inc. Chief Executive Officer Joe Cutillo first started telling Wall Street that factories would return to the US, everybody thought he was crazy. Most Read from BloombergIsrael Latest: Netanyahu, Biden Speak With Nation on War FootingThe 5% Bond Market Means Pain Is Heading Everyone’s WaySurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollywood, R

Business is booming for little-known companies building factories, data centers, and warehouses in the U.S.

A revised proposal to waive international intellectual property protections on Covid-19 vaccines shows good faith from developing countries seeking to ramp up immunization efforts, but it may not be enough to persuade holdout nations to come on board, legal and policy observers say.