PRESS DIGEST- Wall Street Journal - May 11
May 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- U.S. health regulators have cleared the COVID-19 vaccine by Pfizer Inc PFE.N and BioNTech SE 22UAy.DE use in children, paving the way for many to be immunized before summer camps and the start of the next school year. https://on.wsj.com/3bhHMpi
- Novavax Inc NVAX.O has delayed plans to seek regulatory clearances for its COVID-19 vaccine, while shortages in raw materials are slowing the ramp-up in production of doses, the company said. https://on.wsj.com/3bfdQKw
- The Biden administration will begin distributing $350 billion to state and local governments this month, giving them money to pay for pandemic-related costs, fill revenue shortfalls and pay for water, sewer and broadband projects, but not to cut state taxes. https://on.wsj.com/2RaQhvh
- Startup mortgage lender Better plans to go public by merging with Aurora Acquisition Corp AURC.O, a special-purpose acquisition company, according to people familiar with the matter. https://on.wsj.com/3hoPC42
(Compiled by Bengaluru newsroom)