SINGAPORE—Chinese online shopping giant JD.com Inc.’s JD 5.19% midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the latest gauge of the hit to consumer appetite from stringent restrictions under the country’s zero-Covid policy. JD.com said Monday that turnover on its platforms during this year’s June 18 shopping festival, known … Read more
Merck MRK -0.32% & Co. is eyeing a purchase of biotech Seagen Inc., SGEN 12.72% according to people familiar with the matter, a move that would beef up the pharmaceutical giant’s cancer-drug portfolio. Talks have been under way for a while, and a deal isn’t imminent, the people said, cautioning that pulling one off could … Read more
Some 1½ years after first authorizing the shots for people of older ages, the Food and Drug Administration on Friday expanded use of the vaccines to the nearly 20 million children in the U.S. from 6 months to under 5 years. A national campaign to vaccinate the young children is expected to kick off as … Read more
GENEVA—The member countries of the World Trade Organization agreed Friday on a narrow measure aimed at boosting the supplies of Covid-19 vaccines in developing countries, wrapping up a bitter fight over corporate patent rights governing critical medical products during a pandemic. The compromise measure on intellectual property rights will make it easier for companies in … Read more
A positive recommendation would likely lead soon to expanding the U.S. Covid-19 vaccination campaign to the 19.6 million children ranging in age from 6 months to under 5 years old, one of the last groups of people in the U.S. waiting for shots. Moderna’s two-dose vaccine is up for the Food and Drug Administration’s authorization … Read more
A panel of advisers to the Food and Drug Administration recommended the agency expand use of Moderna Inc.’s Covid-19 vaccine to children ages 6 through 17. The advisory committee voted 22-0 on Tuesday that the benefits of vaccinating children in this age group outweigh the risks. The FDA will consider the vote in making a … Read more
The FDA staff also said, in a review of study data posted online Sunday, that there were no new safety concerns using the vaccine in young children compared with older age groups. The assessment is the latest sign that authorities are moving closer to clearing inoculations for children under 5 years old, the last group … Read more
Walmart Inc. opened its first store in China in 1996, a sprawling supercenter in the Hong Kong border city of Shenzhen. It has been working to find the right strategy ever since. Walmart has grown in China, but slower than competitors. Its giant hypermarkets, which it originally hoped would enable it to become a retail … Read more
Moderna Inc.’s Covid-19 vaccine was effective at preventing symptomatic disease in children ages 6 months through 5 years, Food and Drug Administration staff said in a review of the evidence. The FDA staff also said Friday that Moderna’s vaccine was generally safe in children in studies, including those under 5 years who haven’t had access … Read more
Airlines have lobbied White House officials in recent weeks to end the Covid-19 testing requirement, as it hurt their business. Photo: Mario Tama/Getty Images Updated June 10, 2022 10:08 am ET The Biden administration will on Sunday end a requirement that air travelers to the U.S. undergo Covid-19 tests before departure, according to a senior … Read more