Allianz Asset Management Head in Talks to Depart

Jacqueline Hunt is in talks to leave the company as it navigates a Justice Department probe into a group of investment funds that suffered steep losses last year.

 
Pfizer, BioNTech Say Vaccine Is Safe for Young Children

The companies said the Covid-19 vaccine generated levels of antibodies that were similar to those of younger adults, meeting the study's measurements of success.

 
CVS Makes Hiring Push Amid Worker Shortage, Demand for Vaccines

The largest U.S. pharmacy chain by stores said it plans to add 25,000 employees this week in a single-day hiring spree to prepare for a potential surge in demand for Covid-19 booster shots.

 
Rising Energy Stocks Defy Market's September Slide

Shares of oil-and-gas companies are leading the S&P 500's 11 sectors so far this month, rising nearly 2%. The broad U.S. stock-market index, meanwhile, has fallen 2%, stung by losses across nearly all of the other segments.

 
Workers End Strike at Mondelez International

Workers at Mondelez International have ended a weekslong strike as union members overwhelmingly accepted a new four-year contract.

 
Oil Companies to Be Sidelined at U.N.'s Climate Conference

While retailers, tech companies and consumer products makers have been named as "principal partners" for COP26 in Glasgow, oil majors like BP and Shell will have a lower profile.

 
Europe's OVHcloud Plans IPO at Potential $4.7 Billion Valuation

Possible offering comes amid surging demand for web hosting and other cloud services after the pandemic pushed businesses and consumers to accelerate the adoption of digital communication to interact.

 
Chinese Property Sector Selloff Continues on Evergrande Worries

Shares of Chinese property developers continued to slide Monday as worries mounted that China Evergrande Group is moving closer to a default, signaling the potential for a wider contagion in the sector.

 
Shell to Start Making Lower-Carbon Jet Fuel as Regulations Loom

The Anglo-Dutch energy giant is the first big oil company to disclose production and sales targets for sustainable aviation fuel as demand ramps up.

 
Investment Firms Tiedemann and Alvarium Near Deal to Merge, Go Public Via SPAC

The combined investment firm would be called Alvarium Tiedemann Holdings and be valued at roughly $1.4 billion in the deal with the SPAC Cartesian Growth Corp., people familiar with the matter say.

(END) Dow Jones Newswires

September 20, 2021 09:15 ET (13:15 GMT)

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