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A vaccine developed by Pfizer and partner BioNTech proved better than expected at protecting people from Covid-19 in a pivotal study, a milestone in the hunt for shots that can stop the global pandemic. (WSJ)
China’s exports rose 11.4% in October, including a 22.5% jump in shipments to the U.S. (WSJ)
Economies in countries with strong manufacturing sectors have fared better under the coronavirus than those that rely on service industries. (WSJ)
The U.S. jobless rate fell to 6.9% but was still 10.1 million jobs short of the pre-pandemic level. (WSJ)
CVS Health third-quarter sales rose 3.5% to $67.06 billion. (WSJ)
Hershey gained share in the U.S. candy market as it adapted to changing consumer behavior during the coronavirus pandemic. (WSJ)
Truck-engine maker Cummins says its China revenue surged 46% in the third quarter while global revenue fell 11%. (WSJ)
Discount retailer Furniture Factory Outlet filed for bankruptcy with a deal to sell the business to rival American Freight. (WSJ)
Paper-products maker Gorham Paper & Tissue filed for bankruptcy protection to clear the way for a planned sale. (WSJ)
Steelmaker ArcelorMittal and rival Nippon Steel are cooperating more closely as China’s steel production grows. (Nikkei Asian Review)
Some grocery chains are resuming limits on sales of household essentials such as toilet paper, paper towels and disinfecting wipes. (CNN)
Online fashion retailer Farfetch raised $1.1 billion in investment from Alibaba and Swiss luxury group Richemont. (Financial Times)
African e-commerce retailer Jumia is opening its logistics operations to third-party sellers. (Quartz)
U.S. grain supplier The Andersons trimmed its third-quarter loss to $1.1 million and issued a strong outlook on robust export demand, especially from China. (World Grain)
Volkswagen’s Traton unit agreed to pay about $3.7 billion for the outstanding shares of U.S. truck maker Navistar International. (Reuters)
China’s bar against a growing list of Australian exports is creating significant vessel backlogs and pushing cargo ships to rerouting to alternate markets. (Splash 247)
Container ship owner Danaos is doubling its charter rates as prices in the sector reach a nine-year high. (Lloyd’s List)
An Icelandic fishery group wants to buy container and logistics operator Eimskip. (ShippingWatch)
The Port of Virginia added two large cranes to boost its ability to handle bigger container ships. (DC Velocity)
Amazon is opening a 215,000-square-foot hub served by two dedicated freighters at Germany’s Leipzig/Halle Airport. (Bloomberg)
Retailer Tuesday Morning will sell two warehouses as part of a reorganization plan under bankruptcy. (Dallas Morning News)
Lufthansa Cargo swung to a $200.7 million third-quarter operating profit in a capacity-strained airfreight market. (Lloyd’s Loading List)
Singapore Airlines lost $1.7 billion in the quarter ending Sept. 30 as cargo traffic fell by nearly half. (Straits Times)
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