Stocks broadly lower…Pfizer: COVID vax works for 5 yr olds
UNDATED (AP) – Stocks are opening broadly lower on Wall Street today, following declines overseas, including Hong Kong’s Hang Seng which lost 3.3%, and extending a weak patch that has brought the U.S. market down over the past two weeks. At 10:34 a.m. Eastern Time, the S&P 500 was down 71 points, to 4,362. The Dow was down 517 points, to 34,067. And the Nasdaq was down 306 points, to 14,738.
UNDATED (AP) – Pfizer says its COVID-19 vaccine works for children ages 5 to 11. The vaccine maker says it plans to seek authorization for this age group soon in the U.S., Britain and Europe — a key step toward beginning vaccinations for youngsters. The vaccine made by Pfizer and its German partner BioNTech already is available for anyone 12 and older. But many parents are anxiously awaiting vaccinations for their younger children. Pfizer studied a lower dose of its two-dose vaccine in more than 2,200 kindergartners and elementary school-aged kids.
GENEVA (AP) – The U.N.’s intellectual property agency says innovation marched forward last year despite the impact of the coronavirus outbreak. Technology, pharmaceuticals and biotech industries boosted their investments, even as hard-hit sectors like transport and travel eased back on spending. The findings emerge from WIPO’s latest innovation index report, which ranks Switzerland, Sweden, the United States, Britain, and fast-climber South Korea – driven partly from creativity like K-Pop music – as the most innovative economies.
BERLIN (AP) – Computer-maker HP, consumer goods business Procter & Gamble and coffee capsule company Nespresso have joined a corporate pledge to sharply cut their greenhouse gas emissions over nearly two decades. The Climate Pledge is a grouping of companies and organizations spearheaded by Amazon. It says it has signed up 86 new members for its voluntary measures. The group says it now has 201 members with global annual revenues of more than $1.8 trillion.
HENRICO, Va. (AP) – Striking union members have voted to accept a new four-year collective bargaining agreement with snack company Mondelez International, ending a walkout that began last month. The Richmond Times-Dispatch reports the weekend ratification ends a walkout by more than 1,000 employees at a Virginia plant, bakeries in Portland, Oregon, and in Chicago, and three distribution centers across the country. About 400 workers at the Henrico, Virginia, plant that makes foods like Oreo cookies, Ritz crackers and Chips Ahoy! cookies started striking Aug. 16.