Bloomberg Business

Hedge Funds Bet Against Copper for First Time in Three Years

Hedge funds are betting against copper on the London Metal Exchange for the first time since the early months of the pandemic — a sharp reversal from just weeks earlier after China’s disappointing recovery sent prices tumbling.

EU Strikes Deal With Pfizer to Cut Covid Vaccine Purchases

The European Union reached a deal with Pfizer Inc. and BioNTech SE to scale back purchases of Covid-19 vaccines by about a third after some member states said they were reluctant to pay for new deliveries amid an oversupply of shots after the pandemic started to wane.

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