Vaccine 1st puts spotlight on German pharma company BioNTech
MAINZ, Germany (AP) — The email that arrived in the ancient German city of Mainz shortly before 1 a.m. in the morning marked a turning point in the global effort to deliver a reliable vaccine against the coronavirus pandemic - and for the little-known biotechnology company that helped develop it.
Putin orders 'large-scale' COVID-19 vaccination in Russia
MOSCOW (AP) — Russian President Vladimir Putin on Wednesday ordered the start of a “large-scale” COVID-19 vaccination by late next week, with doctors and teachers to be the first in line to receive the Sputnik V shots, which have yet to complete advanced studies needed to ensure its effectiveness and safety in line with established scientific protocols.
Stocks hover near records in midday trading on Wall Street
U.S. stock indexes are mixed in midday trading Wednesday, easing off a fresh set of record highs reached on optimism that coronavirus vaccines could soon start driving a stronger economic recovery.
Woman who fled business fraud sentencing seeks early release
COLUMBUS, Ohio (AP) — An Ohio woman who fled the United States for Mexico ahead of her sentencing in one of the biggest corporate fraud cases in decades is asking for early release from prison, citing poor health and fear of contracting the coronavirus behind bars.
UK authorizes Pfizer coronavirus vaccine for emergency use
LONDON (AP) — Britain authorized a COVID-19 vaccine for use Wednesday, greenlighting the first shot backed up by rigorous scientific review.
UN calls on humanity to end 'war on nature,' go carbon-free
As an extreme year for hurricanes, wildfires and heat waves comes to an end, the head of the United Nations challenged world leaders to make 2021 the year that humanity ends its “war on nature” and commits to a future free of planet-warming carbon pollution.
The Latest: Biden: I won't immediately lift China tariffs
WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): 9:25 a.m. President-elect Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal.
Walmart drops $35 minimum for its members' online orders
NEW YORK (AP) — Shoppers on Walmart.com who pay a $98-a-year membership fee will get free shipping on orders of any size starting Friday.
Australia bounces out of recession as economy grows 3.3%
WELLINGTON, New Zealand (AP) — Australia's economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades as it recovered from pandemic-related shocks, according to figures released Wednesday.
Asian shares mixed after S&P 500 sets fresh record high
Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite to new highs.
Judge throws out Trump rules limiting skilled-worker visas
CHICAGO (AP) — A federal judge on Tuesday struck down two Trump administration rules designed to drastically curtail the number of visas issued each year to skilled foreign workers.
Salesforce buying work-chat service Slack for $27.7 billion
SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.
Senate GOP leader sticking with partisan COVID relief plan
WASHINGTON (AP) — Top Senate Republican Mitch McConnell said Tuesday he's largely sticking with a partisan, scaled-back COVID-19 relief bill that has already failed twice this fall, even as Democratic leaders and a bipartisan group of moderates offered concessions in hopes of passing pandemic aid before Congress adjourns for the year.
Unveiling economic team, Biden pledges, 'Help is on the way'
WILMINGTON, Del. (AP) — President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the coronavirus pandemic, declaring, “I know times are tough, but I want you to know that help is on the way.” Biden said he'd chosen a “first-rate team” that is “tested and experienced" to tackle the country's economic crisis.
Nasdaq seeks mandatory board diversity for listed companies
Nasdaq is pushing for the more than 3,000 companies listed on its U.S. stock exchange to make their boardrooms less overwhelmingly male and white by hiring directors that better reflect the country's diverse population.
Nestle, Cargill at high court in child labor case
WASHINGTON (AP) — The Supreme Court seemed concerned Tuesday about the impact of siding with food giants Nestle and Cargill and ending a lawsuit that claims they knowingly bought cocoa beans from farms in Africa that used child slave labor.
DeVos says free college amounts to a 'socialist takeover'
In a veiled swing at President-elect Joe Biden's education plans, Education Secretary Betsy DeVos on Tuesday blasted the push for free college as a “socialist takeover of higher education” that could damage the nation's economy.
The Latest: Biden inaugural committee limits donors to $500K
WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): 2:10 p.m. The committee raising money for President-elect Joe Biden’s inauguration will take contributions from individual donors of as much as $500,000 and from corporations of as much as $1 million.
Airbnb hopes to raise up to $2.6B in mid-December IPO
Airbnb hopes to raise as much as $2.6 billion in its initial public stock offering this month, betting investors will see its home-sharing model as the future of travel.
Mnuchin defends shut down of Fed emergency loan programs
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging.
Nonessential shops reopen in Belgium as virus numbers drop
BRUSSELS (AP) — Nonessential shops in Belgium reopened Tuesday in the wake of encouraging figures about declining daily coronavirus infection rates and hospital admissions.
US construction spending jumps 1.3% in October
SILVER SPRING, Md. (AP) — U.S. construction spending jumped 1.3% in October, again on the strength of single-family home building.
Sephora to take over cosmetics in Kohl's stores
NEW YORK (AP) — Sephora will be replacing all cosmetics areas at Kohl's with 2,500 square foot shops, starting with 200 locations in the fall of year.
France's Macron warns against going skiing in Switzerland
PARIS (AP) — France will apply restrictions to prevent vacationers from going to Swiss ski resorts, and French slopes will remain closed during the Christmas period amid the coronavirus pandemic, President Emmanuel Macron said Tuesday.
Glimmers of hope for world economy, but dangers lurk
PARIS (AP) — Vendors broke out in applause in the flagship Galeries Lafayette department store in Paris as eager shoppers returned for the first time in a month, after yet another virus lockdown.