As Covid-19 Pills Roll Out, Worry Mounts That Resistance Could Develop

Researchers and U.S. health regulators worry Covid-19 will figure out a way to evade important new pills, prompting efforts to look for signs of such resistance and find combinations to thwart it. The treatments—Paxlovid from Pfizer Inc. and molnupiravir from Merck & Co. and Ridgeback Biotherapeutics LP—are the first drugs authorized by federal health regulators … Read more

Airbus Cancels Qatar Airways Plane Contract, a Rare Move Amid Growing Spat

LONDON— Airbus SE EADSY -0.55% scrapped a $6 billion jet contract with Qatar Airways Ltd., part of an escalating legal battle between the two over paint. The move is unusual for Airbus, which alongside Boeing Co. , strives hard to keep contracts with airline customers alive. Airbus, in particular, has sought through the pandemic to … Read more

U.S. Airlines Say Nascent Recovery Delayed by Omicron Variant

Holiday travel helped U.S. airlines bring in more revenue at the end of last year than any quarter since the pandemic began to ravage travel demand in 2020. But major carriers lost money and have said the new variant and a surge of cases have temporarily dimmed their prospects. American on Thursday reported a smaller-than-expected … Read more

U.S. Jobless Claims Rose to 286,000 Last Week

Filings for jobless claims increased at the start of the year as businesses contended with Omicron-related disruptions and adjusted workforces following the holiday hiring season. Initial claims for unemployment benefits, a proxy for layoffs, rose by 55,000 to 286,000 during the week that ended Jan. 15, following an increase in the week ended Jan. 8. … Read more

United Airlines Says Omicron Variant to Slow Travel Rebound

United Airlines Holdings Inc. UAL -2.65% said the emergence of the Omicron variant of Covid-19 dented near-term bookings and will slow its recovery, but said the setback is likely to be temporary. The Chicago-based airline is scaling back its schedule in the first months of the year as it grapples with the new variant’s impact … Read more

Free N95 Masks to Be Made Available at Pharmacies, White House Says

WASHINGTON—The Biden administration on Wednesday announced plans to make 400 million N95 masks available for free at pharmacies and community health centers across the country. The move comes as President Biden has stepped up the federal government’s response to a nationwide surge in Covid-19 cases triggered by the highly transmissible Omicron variant. Some scientists and … Read more

UnitedHealth Logged Steady Revenue Growth to Close 2021

UnitedHealth Group Inc. UNH 1.46% on Wednesday posted year-over-year earnings growth for the last three months of 2021, helped by higher revenue from premiums. The healthcare and health-insurance giant based in Minnetonka, Minn., the first industry heavyweight to report year-end results, showed little sign of serious impact from costs tied to soaring levels of Covid-19 … Read more

China Seeks to Cushion Blow of Economic Pain as Momentum Slows

HONG KONG—Last year, Chinese policy makers shook up the world’s second-largest economy just as its rebound from the pandemic was starting to wear off, unleashing a flurry of measures to address longer-term economic imbalances—and delivering a short-term hit to business activity. Now, China’s leaders are hoping that they can put a floor under the economy, … Read more

China GDP Grew 8.1% in 2021, Though Momentum Slowed in Fourth Quarter

BEIJING—China’s economy expanded 8.1% last year as a pandemic-plagued world snapped up its goods, though slowing growth in the final months of the year points to challenges ahead for its economy. As expected, the annual gross domestic product figure easily topped Beijing’s official growth target of 6% or more, as exports surged to a record … Read more