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.

Facebook 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.

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.

Merck's Covid-19 Pill to Be Reviewed 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.

GE's Former Appliance Business Thrives Under Chinese Owners 

Haier Group bought the business from General Electric in 2016 and has been adding jobs and increasing its U.S. market share.

EasyJet Cautious as Omicrom Threatens Recovery 

UPDATED: EasyJet said it has seen some softening in business for the first quarter of fiscal 2022, with good booking levels for the second half, but cautioned it has prepared itself for a period of uncertainty due to the Omicron variant of the coronavirus.

Volvo Cars Full-Year on Target as Supply Situation Improves 

Volvo Cars reported lower third-quarter net profit as chip shortages and Covid-19 outbreaks in Southeast Asia led to temporary production halts, but the Swedish automaker backed its full-year guidance on strong demand.

FDA Moving to Authorize Pfizer-BioNTech Booster for 16-, 17-Year-Olds 

The agency could authorize Covid-19 boosters as soon as next week as concerns rise over a new, possibly more transmissible variant.

FTC Asks Amazon, Walmart for Information on Supply-Chain Issues 

The Federal Trade Commission said that it is conducting a study on supply-chain problems and shortages, as part of a study into whether the problems have led to anticompetitive behavior and higher prices.


(END) Dow Jones Newswires

November 30, 2021 07:15 ET (12:15 GMT)

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