Alibaba is taking over the European economy. Alibaba is the third largest e-commerce company in the world and is taking over Europe faster than Amazon. Alibaba remained among the top three online sellers of consumer goods in eastern Europe last year, according to Euromonitor International. Amazon wasn’t on the top 10 list for the region, which includes countries like Poland and the Czech Republic. The Food and Drug Administration on Friday authorized the use of Pfizer and BioNTech’s Covid-19 vaccine for children ages 5 to 11, a move that will make the shots available to 28 million kids in the U.S. The Centers for Disease Control and Prevention must sign off before shots can be distributed. It’s scheduled an advisory committee meeting to review the pediatric doses next week and is expected to swiftly clear them for public distribution immediately thereafter. American Airlines has canceled more than 1,000 flights since Friday, disruptions it blamed on staffing problems and high winds at its busiest hub. On Saturday, American canceled nearly 460 flights, or 17% of its mainline schedule, according to flight-tracking site FlightAware. Dallas-based Southwest Airlines cut 86 flights, or 2% of its Saturday operation. American canceled another 285 flights, or 10% of its schedule planned for Sunday, on top of 340 cancellations on Friday. Terran is merging with special purpose acquisition company Tailwind Two Acquisition Corp., a SPAC which trades under the ticker TWNT. The deal gives Terran a $1.8 billion equity valuation and is expected to close in the first quarter of 2022, resulting in Terran listing on the New York Stock Exchange under ticker LLAP.
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