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The 3 most recent articles from The New York Times business section

After Admitting Mistake, AstraZeneca Faces Difficult Questions About Its Vaccine

The upshot, the experts said, is that the odds of regulators in the United States and elsewhere quickly authorizing the emergency use of the AstraZeneca vaccine are declining, an unexpected setback in the global campaign to corral the devastating pandemic.We corrected the mistake and continued on with the study, with no changes to the study, and agreed with the regulator to include those patients in the analysis of the study as well.”


U.S. Economy Stumbles as the Coronavirus Spreads Widely

“Part of the reason the recovery has done so well is because there was so much assistance for affected businesses and workers, and this is just really not the time to snatch defeat from the jaws of victory,” said Julia Pollak, a labor economist at ZipRecruiter.“We’re going to be in the heart of winter, virus cases are likely to be through the roof, and the holiday hiring season is over,” said AnnElizabeth Konkel, an economist at the career site Indeed.


James D. Wolfensohn, Who Led the World Bank for 10 Years, Dies at 86

When his partners sold the firm for $210 million to the Bankers Trust Company, Mr. Wolfensohn invoked a clause in his own sale agreement to pocket $45 million in the bank’s stock, half of which he and his wife gave to a family foundation to support the arts, culture and health care.His last major undertaking was in the mid-2000s as a special envoy for a diplomatic group known as the Quartet — made up of the United Nations, the United States, the Russian Federation and the European Union — which was seeking an Israeli-Palestinian peace deal in which Israel would disengage from the Gaza Strip.