In recent days, officials in major cities-including Beijing and other areas where protests broke out a week ago-said they were lifting some curbs on residents' movements, such as by ending mandatory Covid testing for people who want to use public transport or enter parks and other public spaces.
States Advancing Gun-Control Proposals Face Legal Uncertainty
Democratic-led states where gun restrictions were upended by a recent U.S. Supreme Court ruling are pushing ahead with new measures to ban concealed weapons from places such as hospitals, parks and houses of worship.
Lawmakers in several states are considering legislation to replace their old permitting regimes, which gave state licensing officials wide latitude to deny permits unless a gun owner could provide sufficient justification for carrying a concealed weapon outside the home. The 6-3 high-court opinion said that New York officials had too much discretion. The court also set a new constitutional test for state and local gun-control measures: They must be consistent with the nation's historical tradition of firearms regulation.
FDA Takes Tougher Line on Fast-Tracked Drugs
The Food and Drug Administration is taking a harder line on its program that fast-tracks drug approvals based on preliminary evidence, spurring GSK PLC, Roche Holdings AG and other drugmakers to remake plans for their drugs or pull them from the market.
Under the accelerated-approval program, the FDA clears the use of prescription medicines faster than it normally would. The agency relies on preliminary data to make the decision, but asks companies to conduct follow-up studies to confirm that the drug works.
U.N. Nuclear Agency Under Pressure to Share Knowledge of Alleged Russian Abuse of Ukraine Plant Workers
Railroads Focus on Stabilizing Workforce After Strike Is Averted
President Biden signed a bill Friday restricting rail workers from striking, but the industry is still struggling with a big problem: having enough staff to handle customer demand.
The largest U.S. freight railroads have reported strong profits in recent years, helped by higher prices and steady business in transporting everything from automobiles to fertilizer. Export demand for coal and grain, stemming from disruptions in supply chains in Europe after Russia invaded Ukraine, bolstered freight volumes this year, railroads said.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
None scheduled
Economic Indicators (ET):
0815 Nov Official International Reserves
0830 Oct Building Permits
Expected Major Events for Monday
00:01/UK: CBI Economic Forecast
00:30/JPN: Nov Japan Services PMI
06:00/RUS: Nov Russian Services PMI
08:45/ITA: Nov Italy Services PMI
08:50/FRA: Nov France Services PMI
08:55/GER: Nov Germany Services PMI
09:00/UK: Nov UK monthly car registrations figures
09:30/UK: Nov S&P Global / CIPS UK Services PMI
09:30/UK: Nov UK Official Reserves
13:15/CAN: Nov Official International Reserves
13:30/CAN: Oct Building permits
14:45/US: Nov US Services PMI
15:00/US: Nov ISM Report On Business Services PMI
15:00/US: Oct Manufacturers' Shipments, Inventories & Orders (M3)
15:00/US: Nov Employment Trends Index
16:00/US: Nov Global Services PMI
17:59/UK: 3Q Household Finance Review expected around now
23:30/JPN: Oct Household Spending
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Monday
Allied Healthcare (AHPI) is expected to report for 1Q.
Avaya Holdings Corp (AVYA) is expected to report $-0.85 for 4Q.
DLH Holdings (DLHC) is expected to report $0.13 for 4Q.
GitLab Inc (GTLB) is expected to report for 3Q.
Neptune Wellness Solutions Inc (NEPT,NEPT-T) is expected to report for 2Q.
Newcore Gold Ltd (NCAU.V) is expected to report for 3Q.
Powell Industries (POWL) is expected to report $0.19 for 4Q.
Science Applications International Corp (SAIC) is expected to report $1.33 for 3Q.
Sumo Logic Inc (SUMO) is expected to report for 3Q.
Veru Inc (VERU) is expected to report $-0.29 for 4Q.
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ANALYST RATINGS ACTIONS
AppHarvest Cut to Perform From Outperform by Oppenheimer
Asana Cut to Neutral From Outperform by Baird
Asana Cut to Neutral From Overweight by Piper Sandler
AvalonBay Cut to Equal-Weight From Overweight by Morgan Stanley
Black Knight Cut to Equal-Weight From Overweight by Barclays
Blackstone Cut to Equal-Weight From Overweight by Barclays
Bright Horizons Family Cut to Equal-Weight From Overweight by Barclays
Cheesecake Factory Cut to Neutral From Outperform by Wedbush
CrowdStrike Holdings Cut to Peer Perform From Outperform by Wolfe Research
DoorDash Cut to Sector Perform From Outperform by RBC Capital
Ecolab Cut to Equal-Weight From Overweight by Barclays
Edwards Lifesciences Cut to Peer Perform From Outperform by Wolfe Research
HOOKIPA Pharma Cut to Underperform From Buy by B of A Securities
Natl Storage Affiliates Cut to Neutral From Outperform by Baird
Pebblebrook Hotel Trust Cut to Market Perform From Outperform by BMO Capital
Rigel Pharmaceuticals Raised to Buy From Neutral by Citigroup
Salesforce Cut to Peer Perform From Outperform by Wolfe Research
SQZ Biotechnologies Cut to Neutral From Buy by HC Wainwright & Co.
TransUnion Cut to Equal-Weight From Overweight by Barclays
UDR Inc Raised to Overweight From Equal-Weight by Morgan Stanley
Y-mAbs Therapeutics Cut to Neutral From Buy by B of A Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
12-05-22 0622ET
