Some investors expressed skepticism, however, that Alibaba and Tencent would face long-term restrictions – given that they are worth a combined $1.3 trillion, widely held by U.S. investors and the likely reputational and financial hit to U.S. stock markets.

Exxon, under investor pressure, discloses emissions from burning its fuels

Jan 7, 2021

Most major oil companies already report Scope 3 emissions and some have reduction targets, including Occidental Petroleum, which in November set a goal to offset the impact of the use of its oil and gas by 2050. Exxon said it made the disclosure due to investor interest.
The so-called Scope 3 data is included in its latest Energy & Carbon Summary released

Severe allergic reactions reported in the US after getting COVID-19 vaccine, but CDC says cases are rare

Jan 7, 2021

The Centers for Disease Control and Prevention said early safety monitoring has detected 21 cases of anaphylaxis, a severe allergic reaction, after receiving the Pfizer-BioNTech COVID-19 vaccine.

Anaphylaxis is a serious, life-threatening allergic reaction and requires immediate medical attention, according to the American Academy of Allergy Asthma & Immunology. Symptoms can include skin rash, nausea, vomiting, difficulty breathing and shock. The most common anaphylactic reactions are to foods, insect stings, medication and latex.

Natural disasters cause $210 billion in damage in 2020, insurer says

Jan 7, 2021

Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.

“Climate change will play an increasing role in all of these hazards,” said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms.

“It is time to act,” he said.

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