Business Highlights: Merck drug, auto sales slum
Associated Press___ Biden at Capitol as Democrats scale back $3.5T plan WASHINGTON — President Joe Biden has traveled to Capitol Hill as Democrats strain to rescue a scaled back version of his $3.5 trillion government overhaul and salvage a related public works bill. ___ Merck says COVID-19 pill cuts risk of death, hospitalization WASHINGTON — Drugmaker Merck says its experimental COVID-19 pill reduced hospitalizations and deaths by half in people recently infected with the coronavirus. ___ US auto sales slump, stalled by car computer chip shortage DETROIT — U.S. new vehicle sales tumbled in September as a global shortage of computer chips worsened, shuttering factories and limiting the selection on dealer lots. ___ US factory growth up in September despite supply woes WASHINGTON — U.S. manufacturing growth accelerated in September to the highest level since May despite supply chain problems.
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Inflation watch: US consumer prices post biggest jump in 8 years
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