Health
China’s reopening from Covid won’t be a straight path forward
Passengers wait to board a train at Hongqiao railway station in Shanghai on December 6, 2022. Hector Retamal | Afp | Getty Images BEIJING — As mainland China relaxes many of its stringent Covid controls, analysts point out the country is far from a quick return to a pre-pandemic situation. National authorities announced sweeping changes […]
Read More
Long Covid is distorting the labor market — and that’s bad for the U.S. economy
Charlotte Hultquist Charlotte Hultquist Weeks after Charlotte Hultquist got Covid-19 in November 2020, she developed a severe pain in her right ear. “It felt like someone was sticking a knife in [it],” said Hultquist, a single mother of five who lives in Hartford, Vermont. The 41-year-old is one of millions of Americans who have long […]
Read More
Long Covid’s financial devastation: $8,000 in credit card debt, ruined retirement plans
Teresa Harding Source: Teresa Harding It took three months for Teresa Harding to open her termination letter. “I couldn’t look at it,” Harding, 47, said. For seven years, she’d worked at a pain management center in Lexington, Kentucky. “I enjoyed my co-workers and our patients. “It was a fun, exciting job,” she added. But after […]
Read More
As China eases Covid restrictions, Club stocks stand to gain
The Chinese government’s move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks ( SBUX), all of which have been weighed down by nearly three years of lockdowns. The news China’s National […]
Read More
Jim Cramer’s Investing Club meeting Wednesday: China reopening, Danaher, Apple
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Buy and hold EL Possible DHR trade Still like AAPL 1. Buy and hold Estee Lauder China on Wednesday announced significant rollbacks of its stringent zero-Covid policy. And we’re reiterating […]
Read More
FDA expected to decide on Pfizer RSV vaccine for older adults by May 2023
The Food and Drug Administration is expected to decide by spring whether to approve Pfizer’s vaccine to prevent respiratory syncytial virus, or RSV, in adults ages 60 and older. Pfizer, in a statement Wednesday, said the FDA has accepted its RSV vaccine candidate for review under an expedited process that reduces the approval process by […]
Read More
4 financial moves if you have — or are worried about — long Covid
Milan2099 | E+ | Getty Images Long Covid is a chronic illness with far-reaching impact, both in terms of health and household finance. As many as 23 million Americans have suffered long-haul symptoms of Covid-19, according to the U.S. Department of Health and Human Services. But there are steps individuals and their families can take to blunt […]
Read More
Pfizer rejects Moderna claim it copied Covid vaccine, accuses rival of rewriting history
Pfizer has rejected allegations made by rival Moderna that its Covid-19 vaccine is a copy, accusing the Boston biotech company of rewriting history to lay claim to technology developed by a field of scientists over many years. Pfizer asked a federal court in Massachusetts on Monday to dismiss Moderna’s lawsuit seeking monetary damages for alleged […]
Read More
What to watch for as J&J gets ready to split into two separate companies next year
Johnson & Johnson (JNJ) is preparing next year to spin off its consumer health unit into a publicly traded company separate from its pharmaceutical and medical technology operations. Ahead of the split, Morgan Stanley put out a research note, highlighting some of the debates in the market over the move, which would result in a […]
Read More
CDC encourages people to wear masks to help prevent spread of Covid, flu and RSV over the holidays
The Centers for Disease Control Prevention on Monday encouraged people to wear masks to help reduce the spread of respiratory illnesses this season as Covid, flu and RSV circulate at the same time. CDC Director Rochelle Walensky, in a call with reporters, said wearing a mask is one of several everyday precautions that people can […]
Read More