News Highlights: Top Company News of the Day
November 30 2021 - 11:15AM
Dow Jones News
Omicron Unlikely to Cause Severe Illness in Vaccinated People, BioNTech Says
The variant could lead to more infections among vaccinated
people but they will most likely remain protected from a severe
course of illness, according to the inventor of one of the first
Covid-19 vaccines.
Merck's Covid-19 Pill Under Review by FDA Advisers
The panel's endorsement of the antiviral molnupiravir, from
Merck and partner Ridgeback, could open the door for FDA
authorization before the end of the year.
Pfizer Vaccine Executive Moves to Rival GlaxoSmithKline
The high-profile industry move comes as Pfizer and other vaccine
makers scramble to assess how their shots will stand up to a new
variant of the coronavirus that causes Covid-19.
Facebook Parent Told to Sell Giphy by U.K. Regulator
The U.K.'s top competition regulator directed Meta Platforms,
formerly Facebook, to sell social-media animated-images company
Giphy, saying its acquisition could limit competition among
platforms and U.K. advertisers.
Glencore Faces Call From Activist to Sell Coal Assets
The commodities giant is the last of the world's large miners to
retain a presence in thermal coal, a currently lucrative business
but one seen by some as harmful to the environment.
Zara Parent Elevates Founder's Daughter to Chairwoman
Zara's parent company said it had appointed the daughter of the
retailer's founder as its new chairwoman, placing a little-known
37-year-old atop one of the world's largest fashion chains.
KKR, Wells Fargo Look to Expand at Manhattan's Hudson Yards
High-end office space-with amenities such as outdoor terraces,
game rooms and superior ventilation systems-is still in demand as
companies try to lure back remote workers and retain talent.
Aeromexico Creditors Lobby Airline's Backer Delta Over Bankruptcy Exit Plan
Grupo Aeroméxico is roiling some of its creditors with a
restructuring plan that sets aside an ownership stake for its
partner and part-owner Delta Air Lines while paying a fraction of
some of its debts.
SoftBank Bets on Asian Metaverse Platform Selling Digital Gucci, Dior
SoftBank is investing $150 million in a South Korean platform
that has amassed a large following of young female users by selling
high fashion for 3-D avatars.
Covid Antibody Drugs Challenged by Omicron
Regeneron said its antibody drug cocktail was found to lose
effectiveness against the new variant, a sign that some therapies
might need modifying.
(END) Dow Jones Newswires
November 30, 2021 11:00 ET (16:00 GMT)
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