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Biden Commerce nominee vows to protect US networks from Huawei, ZTE

Congress in December approved $1.9 billion to fund the replacement of ZTE and Huawei equipment in US networks.

SoftBank's Masayoshi Son to step down as chairman of telecom unit

Junichi Miyakawa takes the helm as the industry faces unprecedented political pressure to cut fees, potentially eating into fat margins in its core business.

Wall Street edges up as earnings season gains speed; General Electric up 4%

Of the 84 companies that have posted earnings through Tuesday morning, 86.9% have topped analyst expectations, according to Refinitiv data

Pfizer working on booster shot to protect against Covid-19 variants

"We are already laying the groundwork to respond quickly if a variant of SARS-CoV-2 shows evidence of escaping immunity by our vaccine," Pfizer said in an email to Reuters

Blackstone-backed Aadhar Housing Finance files papers for $1 billion IPO

Aadhar Housing Finance will use proceeds from the fresh issue to boost its capital base.

Johnson & Johnson expects Covid-19 vaccine data next week: Report

The company forecast 2021 profit well above Wall Street estimates, and its shares rose 3.4% to $171.55

Biden to reopen online health insurance marketplace, ease Medicaid rules

Biden has vowed to restore full access to the healthcare.gov site, which provides a way to get to a federal exchange offering healthcare insurance

Alexei Navalny being used by West to destabilise Russia: Putin ally

Navalny faces a court hearing on Feb.2

S&P 500 scales new high on upbeat corporate earnings; GE jumps 8%

The Dow Jones Industrial Average rose 8.5 points, or 0.03%, at the open to 30968.55

Oil prices tick up with European shares amid Saudi blast reports

Brent crude was up 32 cents, or 0.6%, at $56.20 by 1433 GMT, while US crude rose 22 cents, or 0.4%, to $52.99.

EU green light for $3.5 billion pan-European battery project: Report

Members of the scheme called European Battery Innovation include Austria, Belgium, Croatia, Finland, Greece, Poland, Slovakia, Spain and Sweden, the European Commission said

NextEra Energy posts loss on $1.2 billion Mountain Valley pipeline charge

The natgas pipeline, owned by units of Equitrans Midstream Corp and NextEra, among others, is currently estimated to be in service by late 2021

Lockheed Martin misses profit estimates on lower F-35 deliveries

Shares of the company fell 1.2% in premarket trading, after the company said fourth-quarter deliveries of its F-35 jets fell 17.6% from 51 jets a year earlier

3M profit beats on higher demand for personal safety, home care products

3M has seen robust demand for disposable respirator masks, hand sanitizers and safety glasses amid a surge in coronavirus infections

General Electric tops free cash flow estimates, offers upbeat 2021 outlook

The Boston-based industrial conglomerate predicted a free cash flow of $2.5 billion to $4.5 billion this year after generating cash flow of $4.4 billion in the fourth quarter

On track to deliver 100 million Covid-19 vaccine doses by Q1: Moderna

The company, which signed a purchase agreement with the United States for 200 million doses, said it has supplied 30.4 million doses of its vaccine so far

PepsiCo, Beyond Meat partner to develop new plant-based snacks: Report

Beyond Meat's shares, which gained about 65% last year, were up 22.4% in premarket trading, while those of PepsiCo were up 1%

WHO experts issue recommendations on Moderna's coronavirus vaccine

The guidance on Moderna came several weeks after issuing their recommendations on the rival Pfizer vaccine

Biden stimulus plan could boost US output by 5% over three years: IMF

Gita Gopinath told a news conference the measures in the proposed package could add as much as 1.5% to US growth in 2021

US Treasury yields fall to 3-week lows, dollar firms on stimulus worries

Mounting coronavirus cases and caution ahead of the U.S. Federal Reserve's policy meeting this week also dulled appetite for risk