Pfizer has asked a federal court to let it intervene in a high-profile case that has seen U.S. drug regulators try to slow-walk disclosure of data on Pfizer’s COVID-19 vaccine. Pfizer says it supports disclosing the data but wants to ensure that information exempt from disclosure under the Freedom of Information Act (FOIA) is not…
Pfizer Moves to Intervene in High-Profile Case Dealing With COVID-19 Vaccine Safety Data
January 26, 2022
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US Business Borrowing for Equipment Fell 3 Percent in December: ELFA
U.S. companies borrowed 3 percent less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday, as inflation and Omicron cloud economic outlook. Firms signed up for $11.8 billion in new loans, leases, and lines of credit last month, compared with $12.1 billion a year earlier. Borrowings,…
German Government Cuts 2022 Economic Growth Forecast to 3.6 Percent
BERLIN—The German government on Wednesday cut its growth forecast for this year, but said that Europe’s biggest economy remains “robust” and will return to its pre-pandemic size in 2022. The Economy Ministry predicted that gross domestic product will grow by 3.6 percent, down from the 4.1 percent Germany’s previous government forecast in late October. The…
Washington Authorities Move to Penalize Restaurant Over Refusal to Check Vaccine Papers
January 26, 2022
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AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusDistrict of ColumbiaEditor's PicksLocal NewsMuriel BowserRegional-Local NewsUSUS NewsVaccineVaccines & Safety
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A restaurant in Washington could have its liquor license suspended over a refusal to check whether customers have gotten a COVID-19 vaccine. The new requirements, imposed by the Alcoholic Beverage Control Board to align with an order from Democrat Mayor Muriel Bowser, took effect on Jan. 15. The board will during a Jan. 26 meeting go…
US Consumer Confidence Dips in January; Spending Intentions Strong
January 26, 2022
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American consumer confidence dipped slightly in January, with many consumers planning to purchase items such as homes, appliances, and automobiles, as U.S. businesses face a hit from inflation and Omicron. Consumer confidence in the economy generally remains high in the United States despite surging prices and scattered shortages of goods and services. The Conference Board’s…
Buffett Plans In-Person Berkshire Annual Meeting as Omicron Wave Crests
January 26, 2022
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AMERICABerkshire HathawayBusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomyin-personmeetingplansUSUS NewsWarren Buffett
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Warren Buffett’s Berkshire Hathaway Inc. plans this year to let shareholders attend the company’s annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the United States. In a statement on Tuesday, the Omaha, Nebraska-based conglomerate said “we are planning for an in-person meeting” on April 30,…
Hyundai Motor Expects Vehicle Production to Rebound in H1 as Chip Supply Improves
SEOUL—South Korea’s Hyundai Motor Co forecast on Tuesday its vehicle production would rebound in the first half of this year as a global chip shortage is expected to ease gradually from the second quarter. “The normalization of auto chip supply and demand is expected in the third quarter, when the capacity of semiconductor companies is…
If You Invested $1,000 in General Electric Stock One Year Ago, Here’s How Much You’d Have Now
Investors who have owned stocks in the past year have generally experienced some big gains. But there is no question some big-name stocks performed better than others along the way. GE’s Bumpy Ride One company that has been a disappointing investment in the past year has been industrial giant General Electric Company. GE has been one…
IBM Marks Strong Start to New Chapter as Cloud Revenue Booms
IBM on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business. Shares of the IT giant jumped as much as 7 percent aftermarket before easing to trade flat, with the company reiterating its…
German Business Confidence Perks Up After 6-month Decline
BERLIN—Business confidence in Germany, Europe’s biggest economy, has picked up unexpectedly after a six-month slide, a closely watched survey showed Tuesday. The Ifo institute said its monthly confidence increased to 95.7 points in January from 94.8 in December. Economists had forecast another slight dip to 94.5. The index was led higher by much-improved expectations for…
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