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Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) have submitted an FDA Emergency Use Authorization (EUA) application for a 10-µg booster dose of COVID-19 Vaccine for children 5 through 11 years of age. The submission included data from the Phase 2/3 clinical trial in children ages 5 through 11 years who received a booster dose…

PepsiCo Inc (NASDAQ:PEP) reported first-quarter FY22 sales growth of 9.3% year-on-year to $16.2 billion, beating the consensus of $15.53 billion. Net revenue from Frito-Lay North America increased 14% Y/Y, Quaker Foods North America rose 11%, and PepsiCo Beverages North America climbed 5.5%. Latin America sales rose 19% Y/Y. The gross profit increased 7.6%…

A security researcher saw a prolific Russian ransomware group Conti born in 2020, amass 350 members who collectively made $2.7 billion in cryptocurrency in only two years, CNBC reports. The group's post expressing their siding with Russia led to a leak of details about the size, leadership, business operations, and ransomware…

Shionogi & Co stock slumped 16% in Tokyo after preclinical studies showed its experimental COVID-19 drug disturbed fetal development, triggering concerns about its approval.  Kyodo News reported that the drug likely wouldn’t be recommended for pregnant women without giving attribution.  The animal data, which showed harm when given at high doses, was…

Inventories of aluminum, copper, nickel, and zinc, four of the main contracts traded on the London Metal Exchange, have plunged by up to 70% over the past year, as record power prices in Europe hit production and the Ukraine war threatened output from Russia, the Financial Times reports. Traders and big…

The U.S. State Department has ordered all non-emergency government staff and their family members in Shanghai to leave following a surge in COVID-19 cases, CNBC reported. "Reconsider travel to the People's Republic of China (PRC) due to arbitrary enforcement of local laws and COVID-19-related restrictions," the report quoted the State Department.…

Levi Strauss & Co. (NYSE:LEVI) reported first-quarter FY22 revenue growth of 22% year-over-year to $1.6 billion, + 26% on a constant-currency basis, beating the consensus of $1.55 billion. DTC net revenues +35% Y/Y, driven by company-operated stores and e-commerce. Wholesale net revenues +15% Y/Y, and global digital net revenues grew ~16% Y/Y.…

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Twitter Inc (NYSE:TWTR) will stop amplifying Russian government accounts, asking other government-affiliated media to remove posts featuring prisoners of war, citing international humanitarian law. Twitter would add warnings to state-backed accounts’ posts about prisoners when they have a “compelling public interest,” quoting Article 13 of the Geneva Convention III.  Also Read: Twitter Admits It Removed…