News Highlights: Top Company News of the Day
Pfizer Says Booster Neutralized Omicron but Variant May Elude Two Doses
Pfizer and BioNTech said that a third dose of their Covid-19
vaccine neutralized the Omicron variant in lab tests but that 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.
Southwest Airlines Has Good News on Revenue, Fuel Costs
The airline said fourth-quarter revenue will be down 10% to 15 %
vs. the fourth quarter of 2019, compared with previous estimates of
a 15% to 25% fall.
Lego to Build New Factory in Asia to Meet Rising Demand
The Danish toy maker is seeking to serve growing demand for its
plastic bricks in the region and double down on a supply-chain
strategy that held it in good stead through the pandemic.
Richard Branson-Backed SPAC Takes Grove Collaborative Public
A blank-check company backed by British billionaire Richard
Branson's Virgin Group is merging with natural-consumer-products
seller Grove Collaborative to take it public in a deal the
companies value at $1.5 billion.
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
T.J. Maxx and Off-Price Retail: Fashionably Late
The apparel sector faces an uncertain 2022 after a year of
explosive growth. Off-price sellers look poised to win.
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.
(END) Dow Jones Newswires
December 08, 2021 09:00 ET (14:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.