Shares of retailers and other consumer companies rose amid renewed optimism about the outlook for vaccination rates and the potential taming of the global pandemic.
Delta Air Lines is stepping up efforts to get employees vaccinated against Covid-19, introducing measures including weekly testing requirements and a $200 monthly health insurance surcharge for employees who don't take the vaccines.
"Looking at the net demand for shelter on an annual basis versus supply," there's a "shortage of 4-5 million homes," estimated analysts at brokerage Morgan Stanley, in a research note.
"With annual housing starts averaging about 1.3 million since 1990, that puts the shortage at over three years' worth of building."
Tix Corp. filed for bankruptcy after the Covid-19 pandemic forced the Las Vegas discount ticket seller to close its Tix4Tonight-branded booths on the Strip and its online ticket-sales operations for more than a year.
Mall operator Washington Prime Group reached a compromise with its shareholders over the company's restructuring plan, clearing one of the last big hurdles to a bankruptcy exit.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-25-21 1701ET
