Tension is rising between European authorities and Pfizer Inc. and BioNTech SE after officials said the companies had unexpectedly cut their deliveries of Covid-19 vaccines and put their immunization schedules at risk. The Italian government asked the country's attorney general to study whether...

Morgan Stanley said fourth-quarter profit rose 51% from a year earlier, another big U.S. bank to emerge from a turbulent year in better shape than was expected at the onset of the coronavirus pandemic. The New York-based firm reported a profit of $3.39 billion, or $1.81 a share. Revenue...

Bank of America Corp.'s earnings fell 22% in the fourth quarter. The second-largest bank in the U.S. said Tuesday that its profit totaled $5.47 billion in the final three months of the year, versus $6.99 billion a year earlier. Still, per-share earnings of 59 cents topped analyst estimates of 55...

Shares in newly formed auto maker Stellantis NV gained in their market debut on Monday, after Peugeot SA and Fiat Chrysler Automobiles NV completed their merger over the weekend. Stellantis shares, which started trading in Milan and Paris on Monday, were up about 7,6%. Shares begin trading in...

JPMorgan Chase & Co. posted its highest-ever quarterly profit after releasing $2.9 billion in funds it had set aside to cover soured loans. The bank's profit jumped 42% to $12.14 billion, or $3.79 per share, far past the $2.62 per share forecast by analysts polled by FactSet. A year earlier,...

President-elect Joe Biden is calling for a $1.9 trillion Covid-19 relief plan to help Americans weather the economic shock of the pandemic and pump more money into testing and vaccine distribution. Mr. Biden in a speech Thursday night described his priorities related to the pandemic for the...

Shares in Telefonica SA traded higher on Wednesday after subsidiary Telxius Telecom SA agreed to sell its European and Latin American telecommunication-tower divisions for 7.7 billion euros ($9.40 billion). Under the agreement, Telxius is selling roughly 31,000 telecommunication-tower sites to...

Steris PLC agreed to buy Cantel Medical Corp. in a deal that will bring together two big providers of sterilization products. The mostly stock deal values Cantel at around $3.6 billion, or $84.66 a share, based on Steris' closing price Monday, the companies said. Cantel shareholders would get...

The pharma firm Eli Lilly said Monday that its experimental Alzheimer's drug slowed the decline of early-stage Alzheimer's patients in a Phase 2 trial, scrambling the race to bring the first drugs to slow progression of the deadly disease. Lilly (ticker: LLY) said that its experimental antibody...

Airbus SE said that its deliveries dropped 34% in 2020, with 566 commercial aircraft delivered to 87 customers. The European aerospace giant said it received 383 new orders during the year and net orders came in at 268, compared with 768 in 2019. Airbus said it had a backlog of 7,184 aircraft...