Chen Tong, Shanghai's deputy mayor, said Sunday that the city would begin allowing businesses to open on a limited basis starting Monday as daily Covid-19 infection cases continue to decline nearly two months into a hard lockdown of the city of 25 million people.
Mass Covid Testing, Already a Familiar Ritual, Becomes China's New Normal
China is doubling down on mass testing as a key weapon against Covid-19 even as costs mount and the highly infectious Omicron variant exposes challenges with the strategy.
Mass testing has become a part of daily life across the country. Similar to how many people in the West have had to show a vaccine pass to dine out, enter the office or get on a plane, in China, the thing not to leave home without is a negative Covid test.
Finland Plans Next Step in NATO Bid as Ukraine Mounts Counteroffensive Near Key Eastern City
KYIV, Ukraine-Finland said Sunday it would seek parliamentary approval to join NATO as Kyiv's forces began a counteroffensive toward the eastern city of Izyum, which Ukrainian officials said was aimed at disrupting Russian supply lines into the Donbas region.
Finnish President Sauli Niinistö said the government would apply for membership in the North Atlantic Treaty Organization subject to approval by parliament, which is widely expected, in the coming days.
Ukraine Launches Counteroffensive to Disrupt Russian Supply Lines
KYIV, Ukraine-Ukraine began a counteroffensive toward the eastern city of Izyum aimed at disrupting Russian supply lines into the Donbas region, officials said, as Ukrainian forces continued clearing villages north of Kharkiv and Russian President Vladimir Putin warned his Finnish counterpart that joining NATO would risk damaging relations with Moscow.
Kathy Barnette Scrambles Pennsylvania GOP Senate Primary, Drawing Trump Ire
In the closing days of Pennsylvania's Republican primary for U.S. Senate, a candidate who has had a tiny fraction of the resources of the two front-runners is suddenly a contender, triggering attacks against her from different directions.
Kathy Barnette, an Army Reserve veteran and commentator, is surging in part because of a rise from poverty that includes being the product of sexual assault, something she has said helped forge her fierce opposition to abortion. She is also benefiting from endorsements in the final week of the primary campaign from two powerful conservative groups.
Election Officials Steel Themselves for Threats as Midterm Season Gears Up
Forrest Lehman, the elections director in Pennsylvania's Lycoming County, was brought up short earlier this year by a poll worker's question: What should I do if I get a death threat?
"I never would have had a question like that before 2020," said Mr. Lehman, expressing relief that he knew of no such threats in his largely rural county. "I don't expect that to happen," he added, "but it's illustrative that it's on their mind now."
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
1Q unless stated otherwise
Charlotte's Web
Enthusiast Gaming
K92 Mining
Marathon Gold
MediPharm Labs
NanoXplore 3Q
Voyager Digital 3Q
Economic Indicators (ET):
0815 Apr Housing Starts
0830 Mar Monthly Survey of Manufacturing
0830 Mar Wholesale Trade
Expected Major Events for Monday
06:00/GER: Apr WPI
06:00/JPN: Apr Preliminary Machine Tool Orders
12:15/CAN: Apr Housing Starts
12:30/CAN: Mar Monthly Survey of Manufacturing
12:30/CAN: Mar Wholesale trade
12:30/US: May Empire State Manufacturing Survey
20:00/US: Mar Treasury International Capital Data
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Monday
AIkido Pharma Inc (AIKI) is expected to report for 1Q.
AcelRx Pharmaceuticals Inc (ACRX) is expected to report $-0.06 for 1Q.
Alaunos Therapeutics Inc (TCRT) is expected to report $-0.05 for 1Q.
Altus Power Inc (AMPS) is expected to report for 1Q.
Angion Biomedica Corp (ANGN) is expected to report for 1Q.
Avenue Therapeutics Inc (ATXI) is expected to report $-0.49 for 1Q.
Brainstorm Cell Therapeutics Inc (BCLI) is expected to report $-0.13 for 1Q.
CEL-SCI Corp (CVM) is expected to report $-0.16 for 2Q.
Celsion Corp (CLSN) is expected to report for 1Q.
Chimerix (CMRX) is expected to report $-0.33 for 1Q.
Clear Secure Inc (YOU) is expected to report for 1Q.
Dynacor Gold Mines is expected to report for 1Q.
Galectin Therapeutics (GALT) is expected to report for 1Q.
HOOKIPA Pharma Inc (HOOK) is expected to report for 1Q.
Impel Pharmaceuticals Inc (IMPL) is expected to report for 1Q.
InnSuites Hospitality Trust (IHT) is expected to report for 4Q.
K92 Mining is expected to report for 1Q.
Kala Pharmaceuticals Inc (KALA) is expected to report $-0.34 for 1Q.
Lifeway Foods (LWAY) is expected to report for 1Q.
LogicBio Therapeutics Inc (LOGC) is expected to report for 1Q.
Luna Innovations (LUNA) is expected to report $-0.03 for 1Q.
Milestone Scientific Inc (MLSS) is expected to report $-0.03 for 1Q.
Mind Medicine (MindMed) Inc (MMED.GR) is expected to report for 1Q.
Mullen Automotive Inc (MULN) is expected to report for 2Q.
Nuvo Pharmaceuticals Inc (NRIFF) is expected to report for 1Q.
Orbital Energy Group Inc (OEG) is expected to report for 1Q.
Passage Bio Inc (PASG) is expected to report for 1Q.
PolarityTE Inc (PTE) is expected to report $-0.99 for 1Q.
Professional Diversity Network Inc (IPDN) is expected to report for 1Q.
S&W Seed (SANW) is expected to report $-0.10 for 3Q.
SPAR Group (SGRP) is expected to report for 1Q.
Siebert Financial Corp (SIEB) is expected to report for 1Q.
StageZero Life Sciences is expected to report for 1Q.
Stratus Properties (STRS) is expected to report for 1Q.
Synthetic Biologics Inc (SYN) is expected to report $-0.23 for 1Q.
Syros Pharmaceuticals Inc (SYRS) is expected to report $-0.46 for 1Q.
US Well Services Inc (USWS) is expected to report for 1Q.
Vidler Water Resources Inc (VWTR) is expected to report for 1Q.
Warby Parker Inc (WRBY) is expected to report for 1Q.
Weber Inc (WEBR) is expected to report for 2Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Atmos Energy Cut to Neutral From Buy by Goldman Sachs
Avaya Holdings Cut to Market Perform From Outperform by Cowen & Co.
Blackstone Sec Lending Fd Raised to Outperform From Market Perform by Raymond James
Brickell Biotech Cut to Hold From Buy by Lake Street
Carvana Cut to Hold From Buy by Jefferies
Constellation Energy Raised to Buy From Neutral by Guggenheim
Duolingo Raised to Outperform From Market Perform by Raymond James
Endeavor Group Holdings Raised to Buy From Neutral by UBS
Endeavor Group Holdings Raised to Overweight From Equal-Weight by Barclays
Evolus Raised to Equal-Weight From Underweight by Barclays
First Solar Raised to Overweight From Neutral by Piper Sandler
Fluence Energy Cut to Neutral From Buy by Goldman Sachs
Ford Motor Raised to Equal-Weight From Underweight by Morgan Stanley
Krispy Kreme Raised to Buy From Hold by HSBC
Mercury Systems Raised to Buy From Hold by Truist Securities
Meritage Cut to Peer Perform From Outperform by Wolfe Research
New Relic Cut to Hold From Buy by Needham
Oshkosh Cut to Underperform From Neutral by B of A Securities
Outbrain Cut to In-Line From Outperform by Evercore ISI Group
Paysign Raised to Outperform From Market Perform by Barrington Research
Proterra Cut to Underperform From Buy by B of A Securities
Pulse Biosciences Cut to Neutral From Buy by HC Wainwright & Co.
Redbox Entertainment Cut to Neutral From Buy by B. Riley Securities
Republic Services Raised to Buy From Neutral by B of A Securities
Squarespace Raised to Outperform From Neutral by Wedbush
Switch Cut to Equal-Weight From Overweight by Barclays
TuSimple Cut to Sector Perform From Outperform by RBC Capital
United Parcel Service Cut to Neutral From Overweight by JP Morgan
Waste Management Raised to Neutral From Underperform by B of A Securities
WEC Energy Group Raised to Buy From Neutral by B of A Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
05-16-22 0539ET
