Month: June 2022
FDA panel recommends changing Covid shots to fight omicron this fall
A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, January 29, 2021. Mike Segar | Reuters The Food and Drug Administration’s panel of independent vaccine experts on Tuesday voted 19 to 2 to […]
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Trump’s fury on display at Jan. 6 hearing. Key takeaways from explosive day of testimony from former White House aide
Cassidy Hutchinson, who was an aide to former White House Chief of Staff Mark Meadows during the administration of former U.S. President Donald Trump, departs after testifying during a public hearing of the U.S. House Select Committee to investigate the January 6 Attack on the U.S. Capitol, on Capitol Hill in Washington, June 28, 2022. […]
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CVS removes purchase limit on Plan B pills, says sales have ‘returned to normal’
Plan B One-step birth control in CVS Pharmacy, Boston, MA. Ucg | Universal Images Group | Getty Images CVS is removing the purchase limit it had put on emergency contraceptive pills following last week’s Supreme Court ruling, the chain said Tuesday. The reversal comes as sales have dipped back to normal levels and will be […]
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Disney board votes to extend CEO Bob Chapek’s contract by three years
Bob Chapek, Disney Jeff Gritchen | MediaNews Group | Orange County Register via Getty Images Disney has extended CEO Bob Chapek’s contract for three more years, the company announced Tuesday. Chapek’s contract was set to expire in February 2023, three years after the unexpectedly took the reins from Bob Iger. The timing of this transition […]
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Pinterest CEO Ben Silbermann is stepping down and the stock is up
Ben Silbermann, CEO and Co-Founder of Pinterest. Horacio Villalobos | Getty Images Longtime Pinterest CEO Ben Silbermann is stepping down, the company announced Tuesday. Shares jumped more than 5% in after-hours trading. Bill Ready, who was previously in charge of Google’s commerce business, is taking over the helm, effective Wednesday. Prior to joining Google, Ready […]
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Amazon limits how many Plan B pills you can buy as demand surges
Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s U.S. Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of three units per week on emergency contraceptive pills, Amazon confirmed to CNBC. A review of […]
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Trump chief of staff said the president thought Pence ‘deserves’ chants of ‘hang Mike Pence’ on Jan. 6, ex-aide testifies
A noose is seen on makeshift gallows as supporters of US President Donald Trump gather on the West side of the US Capitol in Washington DC on January 6, 2021. Andrew Caballero-Reynolds | AFP | Getty Images When former President Donald Trump heard his supporters chanting “hang Mike Pence” during the Jan. 6 Capitol riot, […]
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Consider hiding out in these tech stocks during a bear market, Bernstein says
With the Nasdaq Composite down 30% from its highs and deep in bear market territory, investors are finding no comfort in the technology sector. Yet amid this painful market backdrop, there are some areas within the downtrodden sector where investors can still find safety, according to Bernstein. “Tech’s overall valuation is now approaching its historical […]
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NATO reaches a deal with Turkey to admit Sweden and Finland, secretary-general says
Stoltenberg has said NATO’s updated Strategic Concept will likely refer to Russia as the “most significant and direct threat” to security. Anadolu Agency | Anadolu Agency | Getty Images WASHINGTON — NATO Secretary-General Jens Stoltenberg said Tuesday that the world’s most powerful military alliance reached a deal to admit Sweden and Finland after resolving the concerns of […]
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UBS says this economy is going through ‘slowflation’ and gives stocks to play it
UBS believes the U.S. is about to enter a period of “slowflation,” not stagflation. The investment bank said in a note Tuesday that it sees the economy entering a slowflation period in the next 12 to 36 months. Unlike stagflation periods that are characterized by stagnant economic growth and high inflation, slowflation periods are marked […]
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