Some of Tuesday’s top business news stories:
Associated Press
Pfizer says COVID-19 vaccine is looking 90% effective, by Lauran Neergaard, Linda A. Johnson
EU puts tariffs on US but hopes for change with Biden, by Lorne Cook
CNN
The US job market probably won’t recover until 2024, by Anneken Tappe
Want to invest in electric cars? GM could be a better bet than Tesla, by Chris Isidore
The Wall Street Journal
Supreme Streetwear Brand Sold to VF in $2.1 Billion Deal, by Dave Sebastian
Nikola’s Losses Widen as Executives Try to Regain Momentum, Develop First Truck, by Ben Foldy
CNBC
Beyond Meat shares tank as coronavirus weakens demand for plant-based meat at restaurants, by Amelia Lucas
General Motors to add 3,000 jobs focused on electric vehicles, by Michael Wayland
Reuters
Microsoft launches next-generation Xbox gaming consoles amid pandemic-driven demand, by Supantha Mukherjee, Sam Nussey
J.C. Penney rescue deal approved in bankruptcy court, by Maria Chutchian
News about business journalism
FT hires Rogers as its U.S. labor and equality correspondent
Kelly becomes chief correspondent for Bloomberg Quicktake
Law360 hires Lerner as a senior reporter
Columnist Barro returning to Business Insider
Seattle Times moves Long to Amazon beat
Chapa now covering gas markets for Bloomberg News
Business Insider hires O’Reilly as media and advertising editor
Business Insider hires Schuster-Bruce to cover Europe health care
Stenovec hired as anchor on Bloomberg QuickTake
Japanese company sells financial website Quartz to management
