Broad new knowledge on wages earned by school graduates who acquired federal scholar support confirmed a pay hole rising between women and men quickly after they joined the workforce, even amongst these receiving the identical diploma from the identical college.

The info, which cowl about 1.7 million graduates, confirmed that median pay for males exceeded that for ladies three years after commencement in almost 75% of roughly 11,300 undergraduate and graduate diploma applications at some 2,000 universities. In nearly half of the applications, male graduates’ median earnings topped ladies’s by 10% or extra, a Wall Avenue Journal evaluation of knowledge from 2015 and 2016 graduates confirmed.

Novavax Inc. slashed its full-year income outlook in half on Monday, citing an absence of demand for its Covid-19 vaccine from a world initiative to vaccinate lower-income international locations and delays in profitable expanded authorizations within the U.S.

Novavax mentioned Monday it now expects 2022 gross sales between $2 billion and $2.3 billion, down from its previous forecast of $4 billion to $5 billion. 

WASHINGTON—The Senate handed a invoice

spending hundreds of billions of dollars on local weather and healthcare packages whereas elevating taxes on giant, worthwhile corporations, as Democrats unified round elements of President Biden’s agenda after a yr of annoyed efforts to advance a broader bundle.

The laws, which handed the Senate 51-50 on Sunday with a tiebreaking vote by Vice President Kamala Harris, presents tax incentives for lowering carbon emissions, seeks to permit Medicare to negotiate the price of some prescription drugs, allots roughly $80 billion to the Inner Income Service and extends subsidies for medical health insurance underneath the Inexpensive Care Act.

SINGAPORE—China took a notable regulatory step within the discipline of driverless taxis, with two cities giving Baidu Inc. approval to function ride-hailing companies with no driver or an individual overseeing security within the automobile.

The Chinese language search-engine big, which already operates self-driving taxis, plans so as to add 5 unmanned automobiles every to the cities of Wuhan and Chongqing, it mentioned. These automobiles will run in designated areas of these cities in the course of the daytime, when there tends to be extra site visitors on the highway, the corporate mentioned. The approvals additionally enable Baidu to cost customers for the rides, it mentioned.

ADELAIDE, Australia—Copper mining firm Oz Minerals rejected a takeover strategy by BHP Group which is in search of to spice up its output of a steel wanted for electrical autos, wind generators and photo voltaic farms.

Adelaide-based Oz Minerals mentioned Monday it had obtained a proposal on Friday from BHP to purchase the corporate for 25 Australian {dollars} a share. That worth, equal to about $17 a share, values the corporate at virtually 8.4 billion Australian {dollars}, or roughly $5.8 billion.

Some massive U.S. firms say hiring is getting simpler, a minimum of by slightly.

Employers in hospitality, retail, healthcare and different industries hardest hit by worker shortages over the previous two years say they’re seeing rising indicators that recruiting employees—and getting them to just accept jobs when provided—is turning into much less of a problem, whilst the overall job market stays tight.

WASHINGTON—Congress is about to depart for its August recess quickly with out performing on a bipartisan antitrust bill focusing on the biggest U.S. know-how corporations, in a setback for supporters who had been pushing for a vote earlier than the busy fall election season.

Senate Majority Chief Chuck Schumer (D., N.Y.) plans to carry a vote on the laws when Congress returns this fall. However the shrinking variety of legislative days out there performs to the benefit of the tech corporations, which might declare victory if Congress doesn’t act.