FDA Revokes Authorization of J&J’s Covid Vaccine as Demand Wanes
US regulators revoked emergency authorization for Johnson & Johnson’s Covid-19 vaccine after the company’s Janssen unit requested its withdrawal.
Bloomberg Business
New Winner Named in Austrian Party Vote After Excel Blunder
Austria’s opposition Socialist Party reversed the result of a closely contested leadership race on Saturday after an electoral committee discovered a mistake in its vote tally.
CEOs Worry About Weather Ahead of Summer That Promises Even More Extreme Conditions
America’s top executives are now spending an increasing amount of time talking about something completely out of their control — the weather.
US Services Activity Nearly Stalls as Price Gauge Slides
The US service sector nearly stagnated in May as business activity and orders downshifted, while a measure of prices paid slid to a three-year low.
Illycaffe CEO Eyes US as ‘Second Domestic Market’: Milan Forum
Illycaffe Chief Executive Officer Cristina Scocchia says the company’s focus is on the polarized US, which it wants to make into a “second domestic market.” Scocchia took over at Illycaffe with a mandate to bring it to an initial public offering by 2026, likely in New York or Milan. The family-owned company has been valued at over €1 billion.
Dimon Has ‘No Plans’ to Run for Office, JPMorgan Spokesman Says
Jamie Dimon, the longtime JPMorgan Chase & Co. chief, is not planning on running for office, according to a company spokesperson.
Blinken Announces New Role to Boost Middle East Integration
The US will soon add a senior diplomatic role to help boost integration in the Middle East, Secretary of State Antony Blinken said on Monday, an announcement that comes as the Biden administration tries to reduce regional tensions between Israel and nearby Arab countries, including Saudi Arabia.
AMLO’s Party Wins One of Mexico’s Last Opposition States
Mexican President Andres Manuel Lopez Obrador’s ruling party Morena clinched one of the last bastions of opposition power in Sunday’s elections, flipping a governorship that could be an asset before the 2024 presidential election.
Poland Loses EU Top Court Fight Over Curbs on Judges
Poland lost the final round of its costly legal battle at the European Union’s top court over a controversial regime to discipline national judges who failed to toe the populist government’s line.
Orcel Sees Higher Deposit Costs, Eyes Second UniCredit Term
UniCredit SpA Chief Executive Officer Andrea Orcel said the boost from higher official interest rates will soon turn into a drag on profitability, as depositors begin to demand more interest on their deposits.
