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 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.

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 girls.

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 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.


(END) Dow Jones Newswires

December 08, 2021 09:15 ET (14:15 GMT)

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