Unilever, Meta, Microsoft: Stocks That Defined the Week

Delta is flying high but facing new turbulence. It, along with other carriers, is grappling with rising cost, staffing and supply challenges during the busy summer season. Over the bustling Memorial Day weekend, Delta accounted for nearly half of all US flight cancellations. it on wednesday Raised its second quarter sales guidance, Projected revenues will return to pre-pandemic levels due to higher demand and prices, as passengers resume journeys that may have been put on hold due to COVID-19. Shares of Delta fell 5.2 percent on Wednesday.

meta platform Inc.

Sherrill Sandberg is logging out on Meta. Ms Sandberg said on Wednesday that she Will relinquish his role as Chief Operating Officer Facebook’s parent, longtime lieutenant to end his term

Mark Zuckerberg

Which made her one of the most prominent women in the business. The Wall Street Journal reports Ms. Sandberg’s sudden departure was the culmination of years of burnout Which corresponds to a company investigation of his activities. Ms. Sandberg will continue as a member of META’s board, and Javier Olivan, the current Chief Development Officer, will take over as COO upon her departure. Meta shares fell 2.6% on Wednesday.

Microsoft Corporation

MSFT -1.66%

Silicon Valley has long opposed organized labor, but that is turning into a tech giant. Microsoft Said it’s open to working with unions Those who wish to organize within 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 employees if they choose to unionize. This comes after a wave of efforts from the organization

Amazon.Com Inc.

And

Apple Inc.,

As well as other companies. Microsoft is working to close its planned acquisition

Activision Blizzard Inc.,

Which also faces a unionization push. Microsoft shares fell 1.7% on Friday.

ford motor Co.

F -2.81%

Ford is disclosing hiring and production. auto manufacturer said Will create 6,200 union manufacturing jobs and invest $3.7 billion in plants in Michigan, Ohio and Missouri. The plans come as Ford seeks to expand vehicle production and prepares for the next round of talks with the United Auto Workers union for 2023. As part of the workforce expansion, the auto maker said it plans to convert 3,000 temporary workers to full-time, and all hourly workers will receive convalescence on their first day of work. Ford shares were up 2.5% on Thursday.

Hormel Foods Corporation

HRL -1.40%

Bird flu is shaking Hormel. The Spam maker said it expects an outbreak of US avian influenza to hit its turkey flock and poultry industry in the coming months. outbreak, which Has caused the death of about 40 million birds in America, Inflated meat prices could push up even more, Hormel reported higher sales and profit in its second quarter, with its Genie-O turkey brand posting a 387% increase in profit but cutting the high end of its earnings for the year as it copes with the effects of bird flu. , rising costs and COVID-19 restrictions in China. Shares of Hormel fell 5.2% on Thursday.

pfizer Inc.

PFE 0.99%

covid-19 shots May soon be approved for children under 5, Pfizer and Partners

BioNTech SE

on Wednesday asked the Food and Drug Administration to authorize three doses of its vaccine for the younger age group. FDA approval could come before the end of the month. The companies said last month that three doses of the shot were 80% effective in preventing symptomatic COVID-19 and produced a strong immune response in children aged 6 months to 5 years. If the Centers for Disease Control and Prevention closes, the last remaining group of Americans — about 19 million young children — will receive the vaccine. Shares of Pfizer gained 0.6% on Thursday.

write to Francesca Fontana francesca.fontana@wsj.com