OPEC, Russia Agree to Keep Boosting Oil Output, Jolting Prices
OPEC and a group of Russia-led oil producers agreed to continue pumping more crude, sticking to their long-term plan despite...
Novel Coronaviruses
Glaxo’s Covid-19 Antibody Drug Found to Be Effective Against Omicron
A Covid-19 antibody treatment developed by GlaxoSmithKline PLC and Vir Biotechnology Inc. was effective against the Omicron variant in early...
New Omicron Variant Exacerbates Inflation Uncertainty, Powell Says
The Fed chairman says the Covid-19 variant could intensify supply-chain disruptions and slow progress in the labor market. Source link
Workers Quit Jobs in Droves to Become Their Own Bosses
The pandemic has unleashed a historic burst in entrepreneurship and self-employment. Hundreds of thousands of Americans are striking out on...
Omicron Variant Is Reported in More Countries as Officials Grapple With How to Respond
Countries around the world reported their first cases of the Omicron variant over the weekend and some imposed new travel...
Advertisers Adjust Holiday Messages to Covid-19, Supply-Chain Challenges
Companies are rethinking their advertising strategies this holiday season as multiple problems, from supply-chain constraints to continued worries about Covid-19,...
New Covid-19 Travel Restrictions Rattle Global Airline Industry, Hit Shares
The U.S. said it would restrict travel from South Africa and seven other countries in southern Africa starting Monday, joining...
Black Friday Shopping Is Back, but the Doorbusters Aren’t
The Covid-19 pandemic didn’t just change consumer habits. It also prompted retailers to rethink Black Friday, one of the biggest...
The Great British Pub Has a Pandemic Hangover. For Some, It’s Last Call.
LIVERPOOL, England—Conor Foley’s pub, Kelly’s Dispensary, offers a bar-stool view of forces roiling the global economy. Having finally reopened after...
U.S. Jobless Claims Reach 52-Year Low
Weekly jobless claims fell sharply to the lowest level in 52 years, reflecting the labor market’s tightening as the economy...
Zoom Shares Skid as Sales Growth Slows
Zoom Video Communications Inc. sales growth slowed last quarter as the extra demand for remote work and the company’s videoconferencing...
Covid-19 Boosters From Pfizer-BioNTech, Moderna Cleared for All U.S. Adults
The Food and Drug Administration on Friday cleared Covid-19 boosters from Pfizer Inc. and BioNTech SE and from Moderna Inc....
Electric-Vehicle Spat Looms Over Biden’s Meeting With Canadian, Mexican Leaders
President Biden’s summit with counterparts from Canada and Mexico at the White House brings him face-to-face with visitors who have...
Pfizer Submits Covid-19 Pill for FDA Authorization
Pfizer Inc. said it asked U.S. health regulators to authorize its oral Covid-19 drug for use in high-risk patients, putting...
Pfizer Says Covid-19 Pill Is 89% Effective in Preliminary Assessment
Pfizer Inc. said a preliminary look at study results found that its experimental pill was highly effective at preventing people...
Pfizer Ups Covid-19 Vaccine Forecast as Sales More Than Double
Pfizer Inc. raised its forecast for sales of its Covid-19 vaccine this year to about $36 billion, a roughly 7%...
U.S. Consumer Spending Grew More Slowly in September
Consumer spending rose 0.6% in September, the Commerce Department said Friday, as the Delta variant and supply-chain disruptions weighed on...
Starbucks’s China Sales Slow With Covid-19 Bout
Starbucks Corp. said its U.S. sales were strong during its most recent quarter, though the pandemic’s resurgence in China dragged...
Merck’s Covid-19 Pill Licensed to U.N.-Backed Nonprofit to Increase Global Supplies
Merck & Co. will license a promising Covid-19 drug to a United Nations-backed nonprofit to provide more supplies to low-...
Pfizer-BioNTech Covid-19 Vaccine for Young Kids Satisfied FDA Criteria, Agency Says
The Food and Drug Administration said the Covid-19 vaccine from Pfizer Inc. PFE 0.70% and BioNTech SE BNTX -2.80% met...
