The seven-day average of daily reported Covid-19 cases in the U.S. reached a pandemic record 403,385 on Sunday, according to a Wall Street Journal analysis of Johns Hopkins University data. The fresh peak arrived even as most states paused reporting during the New Year's holiday weekend. Reporting delays will likely lead to spikes in reports of cases this week as states catch up. While Covid-19 tests remain in short supply in much of the U.S., Covid-19 testing was less robust last year, complicating comparisons between pandemic surges.

FDA Authorizes Pfizer-BioNTech Booster for 12- to 15-Year-Olds

U.S. health regulators cleared use of a Covid-19 booster from Pfizer Inc. and BioNTech SE in adolescents 12 to 15 years old, expanding access to an extra dose that could bolster the fight against the Omicron variant.

For anyone now eligible to get the extra dose, the U.S. Food and Drug Administration said the Pfizer-BioNTech booster could be administered five months after their second shot, instead of the six months previously set.

Apple Briefly Tops $3 Trillion Market Cap

Apple Inc. briefly touched $3 trillion in market value, making it the first U.S. company to do so.

Shares of the iPhone maker crossed that level intraday when they topped $182.856 Monday afternoon, reaching $182.88, according to FactSet. Apple's stock closed the first trading day of the year up $4.44, or 2.5%, at $182.01.

Bridgewater Names New Co-CEOs as McCormick Steps Down for Possible Senate Run

Bridgewater Associates named two new co-chief executives to head the world's largest hedge fund on Monday, after CEO David McCormick told staff he would be stepping down to consider running for the U.S. Senate in Pennsylvania.

Bridgewater elevated to co-CEO deputy chief executive Nir Bar Dea, 40 years old, along with former Aetna Chief Executive Mark Bertolini, 65, who has been a member of Bridgewater's board for three years, according to a memo to Bridgewater employees that was released publicly.

Write to paul.larkins@dowjones.com

Expected Major Events for Tuesday

00:01/UK: Dec Shop Price Index

07:00/ROM: Nov PPI

07:00/GER: Nov Retail Trade

07:30/SWI: Dec CPI

07:45/FRA: Dec Provisional CPI

08:00/SPN: Dec Unemployment

08:55/GER: Dec Labour market statistics (incl unemployment)

09:30/UK: Nov Money and Credit - Lending to Individuals, Lending to Businesses, Broad Money and Credit

09:30/UK: Nov Monetary & Financial Statistics

09:30/UK: Nov Bank of England effective interest rates

09:30/UK: Dec CIPS / Markit Manufacturing PMI

15:00/DEN: Dec Foreign Exchange & Liquidity

All times in GMT. Powered by Kantar Media and Dow Jones.

Write to us at newsletters@dowjones.com

We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox. If you would like to sign up, please go to https://newsplus.wsj.com/subscriptions.

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

01-04-22 0045ET