Pfizer-BioNTech Covid-19 Vaccine Loses Significant Effectiveness Against Omicron In Early Study, Companies Say

Pfizer Inc. and BioNTech SE said a third dose of their Covid-19 vaccine neutralized the Omicron variant in lab tests, but the two-dose regimen was significantly less effective at blocking the virus.

 
Nestlé Sells $10 Billion of L'Oréal Shares Back to Beauty Giant

The maker of Nescafé coffee and Purina petfood said it would sell 22.26 million L'Oréal shares back to the French company, allowing the world's biggest packaged-food maker to capitalize on a rally in the beauty giant's share price.

 
Instagram Executive Faces Senate Hearing on Safety

Adam Mosseri is expected to face questioning on internal research showing that the app can worsen body-image issues for some girls.

 
Chinese Social-Media Giant Weibo Drops in Hong Kong Market Debut

Amid uncertainty about the future of Chinese listings in the U.S., the company joined others, including Alibaba, that have secured a homecoming listing.

 
Stitch Fix Needs a 'Make It Work' Moment

Online styling company's report signals significant transformation ahead. In the meantime, investors have lost interest.

 
Trafigura Scores $3 Billion Profit on Commodities Rebound

The trading house scored by loading up on cheap barrels of oil when prices tanked early in the pandemic, making it a big winner from the economic rebound.

 
TUI Losses Narrow But Warns on Omicron

UPDATED: TUI reported an underlying loss of EUR2 billion for 2021 and cautioned that the Omicron Covid-19 variant could affect future bookings, with the tour operator weighing potential cuts to its winter schedule.

 
Will LG Energy's IPO Overcharge?

Spinning off LG Energy will help LG Chem unlock value and finance big capital expenditures.

 
Weibo Shares Fall in Hong Kong Trading Debut

Shares of Chinese social-media company Weibo Corp. fell in their trading debut in Hong Kong on Wednesday amid a challenging environment for Chinese technology stocks.

 
Supply-Chain Snags Likely to Persist, Three CEOs Say

The chiefs of Intel, Wayfair and Accenture each said that the disruptions rippling across the U.S. economy are improving for some companies but that long-term fixes might take much longer.

(END) Dow Jones Newswires

December 08, 2021 07:15 ET (12:15 GMT)

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