Vaccine booster mix-and-match approach poised for FDA clearance
Preliminary results of a U.S. government-sponsored trial found that mixing coronavirus vaccines produces as much or more antibodies as using the same shot as a booster.
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Supply-chain crunch creating shortages of some foods
More than a year and a half after the coronavirus pandemic upended daily life, the supply of basic goods at U.S. grocery stores and restaurants is once again falling victim to intermittent shortages and delays.
Signet bets $490M on bridal resurgence with Diamonds Direct deal
The cash deal will add 22 stores and 500 employees to Signet Jewelers Ltd.’s network. Diamonds Direct has one store in Indianapolis.
Electric vans roll off Indiana line that once made gas-guzzling Hummers
The van, manufactured at the Electric Last Mile Solutions Inc. plant in Mishawaka, is among the first of its kind in the U.S. market: a fully electric, light-duty vehicle meant for delivery workers, contractors and other commercial fleets.
Impending public finance retirements to worsen worker shortage
The sector that employs more than 850,000 state, county and city government workers may be on the verge of a so-called “silver tsunami,” according to the National Association of State Treasurers Foundation.
Surging fertilizer costs risk making food even pricier next year
A perfect storm of events—from extreme weather and plant shutdowns to new government sanctions—have hit the chemical fertilizer market this year, slamming farmers already buckling under the strain of rising costs to produce food.
Auto forecaster slashes outlook by most since chip woes emerged
A forecaster whose production projections are cited by automakers, suppliers and research analysts the world over just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage.
Pfizer says booster shots of vaccine restore waning immunity
Pfizer said that data from the United States and Israel suggest that the efficacy of its COVID-19 vaccine wanes over time, and that a booster dose was safe and effective at warding off the virus and new variants.
Apple preparing to unveil new iPhone line, other devices
The fall product season is critical for Apple, with analysts estimating that the company will generate $120 billion in revenue during the holiday quarter. That would be an all-time record.
Senate Democrats eye taxes on stock buybacks, excess CEO pay
The expanded menu of tax options would give Democrats more flexibility as they undertake thorny negotiations among themselves over how to pay for a proposed $3.5 trillion of long-term investments in child care, education and other social programs.
Fed chair race spotlights Powell-Brainard Wall Street rule split
Jerome Powell is viewed as the favorite to get the nod for another term leading the central bank, but progressive Democrats have praised Fed Governor Lael Brainard—widely seen as the leading rival to Powell for the top spot.
Virus variant batters airline bookings for Labor Day weekend
After a surge in bookings early this summer, U.S. airline passengers are planning fewer trips as the spread of the coronavirus delta variant continues to discourage travel.
Delta Air lines to impose monthly surcharge on unvaccinated employees
The airline plans to impose a $200 monthly surcharge on employees who aren’t vaccinated against COVID-19, becoming the first major U.S. company to levy a penalty to encourage workers to get protected.
GM and LG’s too-big-to-fail ties tested by $1B recall
GM last week recalled Bolt EVs for the third time in nine months because of risk their batteries could catch fire. At stake is what has looked like one of the most promising partnerships in the burgeoning world of electric vehicles.
Facebook hit by new U.S. antitrust case as FTC seeks do-over
The Federal Trade Commission on Thursday filed the new complaint in federal court in Washington, alleging that Facebook violated antitrust laws by buying Instagram and WhatsApp in order to eliminate them as competitors.
The world might never reach herd immunity against COVID-19, experts say
As COVID-19 surged last year, governments worldwide touted the hope of “herd immunity,” a promised land where the virus stopped spreading exponentially because enough people were protected against it. That’s now looking like a fantasy.
Lumber drops to nine-month low, extending retreat from record
The tumble marks a stark turnaround for the common building material after strong U.S. construction demand during the pandemic spurred a surge in orders for lumber, causing prices to more than quadruple to their May peak and fueling inflation concerns.
Gain in U.S. retail sales underscores solid, steady consumer demand
Nine of 13 retail categories posted increases in June sales, including solid gains at electronics and appliance outlets, clothing stores and restaurants.
Used-car frenzy makes for record prices, ‘cutthroat’ sales floor
The used-car lot, ordinarily a haven of haggling and wheeling-and-dealing, is now a hotbed for wallet-busting transactions.
Pfizer scheduled to discuss vaccine booster with U.S. officials
The company said it was scheduled to have the meeting with the Food and Drug Administration and other officials Monday, days after Pfizer asserted that booster shots would be needed within 12 months.