Unilever, Meta, Microsoft: Stocks that define the week

Delta is flying high but facing new headwinds. It, along with other carriers, is grappling with rising costs, staffing and sourcing challenges during a busy summer. During the busy Memorial Day weekend, Delta accounted for about half of all US flight cancellations. On Wednesday it improve second quarter sales guidance, forecast revenue to return to pre-pandemic levels due to higher demand and prices, as travelers resume trips that may have been halted because of Covid-19. Shares of Delta fell 5.2% Wednesday.

Meta . Platform Inc.

Sheryl Sandberg is logged out at Meta. Ms. Sandberg on Wednesday said she will be stepping down from her role as CEO of the Facebook parent, ending her long term as a lieutenant to

Mark Zuckerberg

that has made her one of the most prominent women in business. The Wall Street Journal reported that the sudden passing of Mrs. Sandberg is the culmination of years of exhaustion combined with a company investigation into her activities. Ms. Sandberg will continue to be a member of Meta’s board of directors and current Chief Growth Officer Javier Olivan will take over as COO when she leaves. Meta stock lost 2.6% Wednesday.

Microsoft Corp.

MSFT -1.66%

Silicon Valley has long resisted organized labor, but that is changing for a tech giant. Microsoft said it was willing to work with unions want to organize in their workforce. President Brad Smith said in a blog post that Microsoft will not interfere with employees’ right to form or join unions and will cooperate with workers if they choose to unionize. This happened after a wave of organizational efforts

Amazon.com Inc.

and

Apple Inc.,

as well as other companies. Microsoft is working to close the acquisition plan

Activision Blizzard Inc.,

but also faced a push to unionize. Shares of Microsoft fell 1.7 percent on Friday.

Ford Motor Co.

F -2.81%

Ford is ramping up hiring and manufacturing. The automaker said it will create 6,200 jobs in manufacturing unions and invested $3.7 billion in plants in Michigan, Ohio and Missouri. The plans come as Ford looks to expand vehicle production and prepares for the next round of talks with the United Auto Workers union in 2023. As part of a workforce expansion The automaker said it plans to convert 3,000 temporary workers to full-time, and that all hourly employees will receive healthcare benefits on their first day on the job. surname. Ford shares were up 2.5% on Thursday.

Food containing hormones Corp.

HRL -1.40%

Bird flu is raging Hormel. The Spam producer said it expects the bird flu outbreak in the US to affect its turkey flock and the poultry industry in the coming months. Outbreak, which resulted in the death of nearly 40 million birds United States, could push meat prices up even more. Hormel reported higher revenue and profit for the second quarter, with its turkey brand Jennie-O posting a 387% increase in profit, but slashed its high-earnings outlook for the year as it faces a knock-on effect. impact of avian influenza, rising costs and limitations of Covid-19 in China. Hormel stock lost 5.2% on Thursday.

Pfizer Inc.

PFE 0.99%

Covid-19 photo may soon be cleared for children under 5 years old. Pfizer and partners

BioNTech SE

on Wednesday asked the Food and Drug Administration to authorize three doses of its vaccine for the young age group. The FDA permit could come before the end of the month. The companies said last month that the three injections were 80 percent effective at preventing Covid-19 symptoms and generating a strong immune response in children 6 months to 5 years old. If the Centers for Disease Control and Prevention were to shut down, the last remaining group of Americans – some 19 million young children – would have access to vaccines. Pfizer stock rose 0.6 percent on Thursday.

Write letter for Francesca Fontana at [email protected]