WSJ Minute Briefing

Unemployment rate fell to 4.2% last month; wages continue to climb. Talks to restore Iran nuclear deal stall. Retail stores bolster security after 'flash mob' robberies. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Citigroup applies for a securities license in China, joining a rush by global banks to set up businesses in China that they control. OPEC and a group of Russia-led oil producers agree to keep boosting output, jolting prices. The U.S. jobs report for November is due out today. Peter Granitz hosts Learn more about your ad choices. Visit megaphone.fm/adchoices

GlaxoSmithKline says its Covid-19 antibody drug is likely effective against Omicron. Crude prices jump as OPEC plans to proceed with production increases. WeWork to restate financial results. Apple shares drop on report of lower iPhone demand. Boeing shares climb after positive step from Chinese regulator. Kroeger raises full-year guidance. FTC challenges Nvidia's deal for Arm Holdings. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Biden to toughen testing for international travelers, extend mask mandate on public transportation. Scientists studying Omicron in South Africa see rise in Covid-19 Reinfections. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Women's Tennis Association is suspending all of its tournaments in China amid concerns about the safety of Chinese player Peng Shuai. WeWork says it will restate results for several quarters related to an accounting error involving the SPAC it combined with this year. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dow falls more than 400 points. Moderna shares lose 12%, but Pfizer stock manages small gain. Travel stocks, oil prices fall again. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Global inflation set to be higher for longer, OECD says. Federal judge temporarily blocks Biden vaccine mandate for healthcare workers. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Biden administration is weighing stricter Covid-19 testing requirements for travelers to the U.S., including American citizens. Electricity-market tech platform Voltus says it is going public in a SPAC merger deal valuing it at about $1.3 billion. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dow and S&P 500 tumble 1.9%, Nasdaq falls about 1.6%. Travel stocks, oil prices close down amid concerns of Omicron's economic impact. Salesforce.com posts muted sales outlook. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

But Moderna CEO says current vaccines could be less effective against Omicron. FDA moving to authorize Pfizer-BioNTech boosters for 16-, 17-year-olds. Federal Reserve to consider speedier reduction of asset purchases. U.K. competition regulator tells Facebook parent Meta to sell Giphy. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Cyber Monday sales figures came in roughly the same as last year's as smaller discounts offered holiday shoppers less incentive to spend. The Federal Trade Commission is asking Walmart, Amazon and other companies about supply-chain issues. Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen are set to testify before Congress today. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Moderna shares jump after vaccine maker says it is working on booster for new variant. Twitter shares drop as CEO Jack Dorsey departs. Oil prices stabilize. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Omicron variant drives rise in Covid-19 hospitalizations in South Africa hot spot. Governments push Covid booster shots in response to Omicron spread. U.S. stocks recoup some losses from Friday's selloff. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. health officials say the strain is likely already in the country though it hasn't yet been detected. Ahead of Cyber Monday, U.S. shoppers spent more time and money in physical stores over the Thanksgiving holiday weekend than last year. Nissan says it plans to shell out more than $17 billion to add new battery-powered vehicles to its lineup. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

World Health Organization labels Omicron strain a global "variant of concern." Travel-related stocks and oil producers tumble. Vaccine makers and "work from home" stocks finish higher. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Merck, Ridgeback Biotherapeutics say Covid-19 pill was less effective than reported earlier. Russian authorities open probe into coal-mine explosion that killed more than 50. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Worries about the new variant helped drive global financial markets and U.S. stock futures sharply lower. Holiday shoppers may find fewer Black Friday discounts this year. The FDA is expected to release a staff review of Merck's antiviral Covid-19 pill today. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Chip makers Advanced Micro Devices, Nvidia see shares rise. Energy stocks post gains. Retailers Nordstrom, Gap post disappointing earnings, sending shares tumbling. U.S. stock markets will be closed for Thanksgiving. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Initial U.S. jobless claims fall to 199,000, a 52-year low. Saudi Arabia, Russia consider pausing planned oil production increases. John Deere's sales grew last quarter despite strike. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Shares of Zoom, Best Buy drop amid slower growth. HP sees office reopenings lifting PC demand ahead of promising holiday season. J.M. Smucker raises earnings forecast. Brent crude gains 3.3%. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Best Buy, Dick's e-commerce growth slows after pandemic-fueled surge. Supply woes start to ease in Europe, but businesses' costs surge. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

NBCUniversal is considering removing much of its content from Hulu and making it exclusive to its Peacock platform. China's NetEase launches a scaled-back IPO of its music-streaming unit Cloud Village. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: U.S. home sales on track for biggest year in 15 years. Ericsson to buy Vonage for $6.2 billion, bulking up its cloud presence. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Global supply-chain issues are easing, though a return to more-normal operations isn't expected until next year. Activision Blizzard CEO Bobby Kotick tells colleagues he would consider leaving if he can't quickly fix problems with the company's culture. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Boeing further slows production of 787 Dreamliners to address defects. Foot Locker says it expects supply-chain issues to persist. Ford scraps plan to build electric vehicles with Rivian. Prosecution rests in Elizabeth Holmes trial. Kyle Rittenhouse acquitted of all charges. Christopher Zinsli reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Austria to impose vaccine mandate, return to lockdown. U.S. House passes roughly $2 trillion social spending and climate bill. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Indian Prime Minister Narendra Modi says the government will repeal contentious farming laws. Japan approves a roughly $490 billion stimulus package to help the nation's economy recover from the pandemic. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Dow declines as S&P 500 and Nasdaq close up. General Motors, Ford announce ambitions in semiconductor industry. Turkish lira falls to new record low. Amanda Lewellyn reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Macy's considers separating its e-commerce business from its physical stores. CVS to close 900 stores over the next three years. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sony's PlayStation puts pressure on Activision Blizzard to better address sexual-misconduct issues following a Wall Street Journal report. Cash-strapped Chinese property developer Evergrande sells a stake in an online-video company as it works to make bond interest payments and avert default. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: U.S. stocks close lower. Securities and Exchange Commission investigates Cassava Sciences over claims it manipulated Alzheimer's drug results. Nvidia reports record sales quarter. Amanda Lewellyn reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Amazon says it will stop accepting U.K.-issued Visa credit cards. Drug overdose deaths in the U.S. hit a record high. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Striking Deere workers are set to vote on a third contract offer today. Pfizer asks the Food and Drug Administration to authorize use of its Covid-19 pill for high-risk patients. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Home Depot shares hit record as home-improvement demand continues. Peloton plans to raise $1 billion in stock offering. Natural-gas prices jump as Germany pauses Nord Stream 2 certification. Bitcoin briefly drops below $60,000. Zoe Thomas reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Walmart reports higher sales as it raises prices. Home Depot reports better-than-expected sales. Fannie Mae, Freddie Mac will soon back mortgages of nearly $1 million. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Casper Sleep shares soar on news of takeover bid. Boeing shares up on news of orders for its converted freighters. Tyson Foods says higher meat prices likely to persist. California, Amazon reach deal over Covid-19 outbreak notifications. Zoe Thomas reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Inflation surge pushes gold prices to five-month high. Steve Bannon surrenders to FBI to face contempt charges. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Japan's economy slumps more than expected in the third quarter. And Airbus says it can't meet rising demand for its single-aisle jets as airlines ramp up orders amid the resumption of travel. Peter Granitz hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Unfilled job openings in U.S. top 11 million. Human-rights groups say Facebook is stifling independent report on its impact in India. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

An appeals court grants former President Trump a delay on the release of his Jan. 6 records. And Japanese conglomerate Toshiba is planning to split its business into three parts. Peter Granitz hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: National Association of Realtors says homes sit on the market for just a week on average, a record low. China's Singles Day shopping event hit by global supply strains. Trenae Nuri reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Shares of electric-vehicle startup Rivian jump in market debut. DoorDash shares get a boost from Wolt acquisition. DOJ sues Uber over wait-fee policy. Google loses its appeal of EU antitrust fine. Hershey strikes $1.2 billion in pretzel deals. Disney reports slower subscriber growth for Disney+. Julie Chang reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Initial jobless claims fall to new pandemic low. U.S. home prices rose more slowly in third quarter. Zillow sells about 2,000 homes as it dismantles its house-flipping business. COP26 draft climate deal seeks quicker emissions cuts. Trenae Nuri reports. Correction: New jobless claims fell to 267,000 last week. An earlier version of this podcast incorrectly said it was 269,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Electric-vehicle maker Rivian prices its initial public offering at $78 a share ahead of its trading debut on the Nasdaq stock exchange. Debt-laden Chinese property developer Fantasia says some lenders are asking for early repayment of loans. U.S. consumer inflation data and weekly jobless numbers are on deck today. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

S&P 500 breaks eight-day winning streak. Roblox shares soar as quarterly revenue doubles. Hertz lists on the Nasdaq. DoorDash to acquire Wolt in $8 billion stock deal. Tesla shares lose another 12%. Panera Bread set to return to public market. Janet Babin reports. Learn more about your ad choices. Visit megaphone.fm/adchoices