AP National Business

AMSTERDAM (AP) — The European Union’s drug regulator has given its backing to booster shots of the Pfizer-BioNTech COVID-19 vaccine for people 18 and older. The European Medicines Agency said the booster doses “may be considered at least 6 months after the second dose for people aged 18 years and older.” The agency also said

By KELVIN CHAN AP Business Writer LONDON (AP) — Swedish automaker Volvo plans to raise at least 25 billion kroner ($2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo said Monday that it applied with its parent company, Chinese carmaker Geely, to hold an initial public offering on the Nasdaq Stockholm.

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell Monday as Wall Street comes off its worst week since winter. The S&P 500 fell 1.5% while the tech-heavy Nasdaq dropped 2.5%. Technology and communications stocks fell. The price of U.S. oil rose above $77 per barrel for the first time since 2014

By AMY TAXIN and CHRISTOPHER WEBER Associated Press HUNTINGTON BEACH, Calif. (AP) — Residents, business owners and environmentalists were questioning whether officials reacted quickly enough to contain one of the largest oil spills in recent California history. The spill was caused by a suspected leak in an underwater pipeline that fouled the sands of famed

By ALEKSANDAR FURTULA and FRANK JORDANS Associated Press WERLTE, Germany (AP) — German officials have unveiled what they say is the world’s first commercial plant for making synthetic kerosene as part of an effort to reduce the climate impact of flying. The facility near Germany’s northwestern border with the Netherlands will use water and electricity

By DAVID McHUGH and AAMER MADHANI Associated Press FRANKFURT, Germany (AP) — OPEC and allied oil producing countries have stayed with their cautious approach to restoring oil production slashed during the pandemic, agreeing to add 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Newly elected Japanese Prime Minister Fumio Kishida says he will dissolve the lower house next week in preparation for Oct. 31 elections as he seeks a fresh mandate to deal with the coronavirus pandemic, the sagging economy and security threats from China and North Korea. Kishida was

WASHINGTON (AP) — The Supreme Court says it will not get involved in a lawsuit over a disputed Pentagon cloud computing contract, a decision that follows the contract’s cancellation earlier this year. The case was one of hundreds the high court said it would not hear Monday. The Pentagon in July announced it was canceling

By DANICA KIRKA Associated Press LONDON (AP) — The U.K. says it will seek to regularly expand new international travel rules to more countries as a simplified travel regime took effect Monday. The U.K. has eased quarantine and testing requirements for fully vaccinated travelers from more than 50 countries. But the rules have sparked anger

By MICHAEL KUNZELMAN Associated Press COLLEGE PARK, Md. (AP) — The estate of Henrietta Lacks sued a biotechnology company on Monday, saying it’s been selling her cervical cells without her knowledge or consent. The cells were taken by doctors at Johns Hopkins from the terminally ill Black woman in 1951, and grown in the lab

By DAVID BAUDER AP Media Writer NEW YORK (AP) — With an expansion and relaunch Monday, the Scripps Networks service Newsy is betting that consumers have an interest in more news and less political talk. Newsy has been primarily seen online and through streaming services but is debuting a free, over-the-air television service with the

Associated Press NEW YORK (AP) — Stocks are opening lower Monday as Wall Street comes off its worst week since the winter. The S&P 500 fell 0.2% while the tech-heavy Nasdaq dropped 0.8%. Tesla rose 3.1% after saying it delivered about 241,000 vehicles in the third quarter, topping expectations. The price of U.S. oil rose

DETROIT (AP) — U.S. automobile safety regulators have denied petition seeking an investigation into Tesla software updates, saying it’s unlikely a probe would show there’s a safety defect. The National Highway Traffic Safety Administration on Monday denied the 2019 petition, which alleged that over-the-internet software updates cut battery range in response to battery fires across

By The Associated Press NEW YORK (AP) — The CEO of Ozy Media on Monday called the company’s announcement last week that it was shutting down “premature” and that after meeting with advertisers and investors that it would continue to operate. “We have something special here,” Carlos Watson told CNBC on Monday morning. The board

By DAVID McHUGH and AAMER MADHANI Associated Press FRANKFURT, Germany (AP) — The OPEC oil cartel and allied countries are meeting to decide on production. The meeting is being closely watched because oil markets are tight and the price of crude is just off a three-year high as the global economy bounces back from the

By JILL LAWLESS Associated Press MANCHESTER, England (AP) — British Treasury chief Rishi Sunak is promoising to deliver an economy based on “good work, better skills and higher wages.” He is shrugging off the U.K.’s economic turmoil as the growing pains of a thriving, self-reliant post-Brexit economy. Sunak touted the U.K.’s low unemployment rate of

By The Associated Press NEW YORK (AP) — The CEO of Ozy Media on Monday called the company’s announcement last week that it was shutting down “premature” and that after meeting with advertisers and other partners that it would continue to operate. “We have something special here,” Carlos Watson told CNBC Monday morning. The board

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — A coalition of more than 20 environmental and climate activist groups has launched a campaign calling for a ban on fossil fuel advertising and sponsorship across the European Union, similar to bans on tobacco advertising. More than 80 Greenpeace activists blocked the entrance to Shell’s

By DAVID McHUGH and AAMER MADHANI Associated Press FRANKFURT, Germany (AP) — The OPEC oil cartel and allied countries are meeting to decide on production. The meeting is being closely watched because oil markets are tight and the price of crude is just off a three-year high as the global economy bounces back from the

ATHENS, Greece (AP) — Greece’s conservative government has revised its growth estimate upward for the second time in less than a month following signs of a faster than expected recovery. Growth is due to reach 6.1% in 2021 and 4.5% next year. Greek Prime Minister Kyriakos Mitsotakis told a Cabinet meeting that would bring output