Tyson’s Covid Vaccine Mandate Was a Risk That Paid Off
Read the full article about Tyson’s vaccine mandate by Lauren Hirsch and Michael Corkery.
More on mandates:
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There are a growing number of worker rebellions against company vaccine requirements.
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The Air Force met its deadline for having nearly 97 percent of its members at least partly vaccinated.
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Aaron Rodgers’ suspension after testing positive for the coronavirus raises questions about whether the star N.F.L. quarterback violated the league’s vaccine policy.
HERE’S WHAT’S HAPPENING
Credit Suisse revamps its operations. The embattled Swiss bank reported better-than-expected earnings that were still battered by fines related to a Mozambique bond scandal. In response to another scandal, the collapse of the hedge fund Archegos, Credit Suisse said it would shrink its investment bank and mostly exit the prime brokerage business.
Moderna cuts the forecast for sales of its coronavirus vaccine. Shares in the drugmaker slid in premarket trading after the company reported a weaker-than-expected quarterly profit and reduced projections for vaccine sales. The news contrasts with Pfizer’s recent rosy forecast for its shot.
Phil Murphy ekes out a win. The Democrat narrowly won re-election as New Jersey’s governor, giving his party cause for relief. But the former Goldman Sachs executive’s vulnerability to Republican criticism of the state’s high taxes and handling of the pandemic may foreshadow trouble for Democrats in next year’s midterm elections.
The U.S. blacklists a major Israeli spyware company. The Biden administration said that NSO Group knowingly sold software to foreign governments that used it to “maliciously target” political dissidents and human rights activists. The move creates a rare rift between the U.S. and Israel, whose government must approve the export of NSO’s products.
Oil-producing countries meet amid high energy prices. The group known as OPEC+ is expected to maintain current production levels, despite calls from President Biden and others to pump more. The reason for the reluctance is that oil prices remain high, though some analysts point to building inventory as a potential concern.
The Fed is not not expecting inflation
The Fed announced yesterday that it would, as anticipated, wind down a key part of its pandemic economic rescue effort, ending its $120 billion-a-month asset purchases by mid-2022. The central bank said that inflation was now “expected” to be transitory, rather than saying it was transitory, as in the past. Jay Powell, the Fed chair, did not say that higher interest rates, a more powerful tool to offset inflation, were imminent, although traders have increasingly made bets to that effect.
Article source: https://www.nytimes.com/2021/11/04/business/dealbook/tyson-vaccine-mandate.html