Chinese Internet Giants’ Ad Revenue Suffers as Business Confidence Wanes

Companies in China are cutting back on digital-ad spending as the economy slows and recurring Covid-19 outbreaks weigh on consumption, another sign of waning business confidence in the world’s most populous nation. Chinese internet giants that operate several of the country’s biggest online-advertising platforms recently warned of weak ad spending by their customers in the … Read more

Europe’s Economy Slows Sharply as Recession Risks Grow

Europe’s economy slowed sharply in June as surging prices of energy and food weakened demand for other goods and services, business surveys showed, increasing the risk that some countries will slide into recession over coming months. Data firm S&P Global on Thursday said its composite purchasing managers index—which measures activity in both the manufacturing and … Read more

China’s Covid Fallout Flattens JD.com’s Online Birthday Bash

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

FDA Authorizes First Covid-19 Vaccines for Young Children

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

WTO Nations Agree to Ease Patent Rights to Boost Covid-19 Vaccine Supplies in Poorer Nations

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

FDA Advisers Review Pfizer, Moderna Covid-19 Vaccines in Young Children

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

FDA Should Authorize Moderna’s Vaccine for Ages 6 to 17, Advisers Say

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

Three-Dose Pfizer Covid Vaccine Works Safely in Young Children, Review Says

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

What Do Chinese Consumers Want? Walmart Can’t Figure It Out.

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’s Covid-19 Vaccine Works Safely in Kids, Including Those Under Age 5, FDA Says

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