Business Report: Vaccination mandates, good news for homebuyers, a Toys R Us comeback

New Jersey Chamber of Commerce mandates COVID-19 vaccination for all employees

Hours after the Food and Drug Administration granted full approval to the Pfizer vaccine — previously it had an emergency use authorization — the New Jersey Chamber of Commerce announced it is mandating that all its employees be vaccinated against COVID-19. Chamber CEO Tom Bracken, a member of the NJPBS board of trustees, said employers across New Jersey should continue to encourage their workers to get vaccinated, especially in light of the FDA’s decision Monday. Beyond mandating vaccines for its employees, the Chamber will require all attendees at its in-person events to provide proof of vaccination or a negative COVID-19 test.

Leaders of the state’s long-term care industry are largely supportive of the Biden administration’s new federal COVID-19 vaccination mandate for nursing home workers, although labor leaders say they would prefer additional options for employees, such as vaccines or regular COVID-19 testing. The Biden administration said if workers don’t get vaccinated, the federal government could withhold Medicare and Medicaid funding. To find out more, read this story from NJ Spotlight News.

Some good news for potential homebuyers: Nationwide, there are more homes available for sale and the market is settling down a bit. That’s according to the National Association of Realtors, which released a report Monday showing that existing home sales rose slightly in July. Expensive homes are selling well and more buyers are paying with cash.

Years after filing for bankruptcy and closing its stores, Toys R Us, which was headquartered in New Jersey, is making a retail comeback. Macy’s is selling Toys R Us-branded products online, and next year it will open Toys R Us stores within 400 of its locations.

We’re in this together
For a better-informed future. Support our nonprofit newsroom.
Donate to NJ Spotlight