News Highlights: Top Company News of the Day
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
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
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
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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