Breaking News: Business
Biden administration launches national research plan to understand and treat long Covid
U.S. President Joe Biden delivers remarks on the coronavirus disease (COVID-19) before receiving a second COVID-19 booster vaccination in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 30, 2022. Kevin Lamarque | Reuters President Joe Biden on Tuesday directed the Health and Human Services Department to lead […]
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WarnerMedia’s Jason Kilar will depart CEO role as Discovery merger nears close
WarnerMedia CEO Jason Kilar will be stepping down from his role as the company’s merger with Discovery nears its close. Kilar made the announcement to employees via email on Tuesday before appearing on CNBC’s “Tech Check.” “I have been hear almost a year since the deal was announced for a couple simple reasons,” Kilar told […]
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GM and Honda to partner on ‘affordable’ electric vehicles
General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images DETROIT – General Motors and Honda Motor will develop a series of affordable electric vehicles based on a […]
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Amazon signs massive rocket deal with 3 firms, including Bezos’ Blue Origin, to launch internet satellites
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace Amazon on Tuesday announced what it says is the biggest rocket deal in the commercial space industry’s history, signing on with three companies for up to 83 launches of its […]
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More contagious omicron BA.2 on track to displace other variants in U.S. in next two weeks
A resident receives a Covid-19 swab test during a mobile clinic at Saint Paul MB Church in Cleveland, Mississippi, on Saturday, Jan. 8, 2022. Rory Doyle | Bloomberg | Getty Images The more contagious omicron BA.2 subvariant now makes up 72% of Covid infections that have undergone genetic sequencing in the U.S., according to data […]
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Senators reach $10 billion Covid funding deal for therapeutics, vaccines and testing
U.S. Senator Mitt Romney (R-UT) speaks during a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the coronavirus disease (COVID-19) and new emerging variants at Capitol Hill in Washington, D.C., January 11, 2022. Greg Nash | Pool | Reuters Senate Republicans and Democrats reached a deal Monday on $10 […]
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‘It’s now or never’: World’s top climate scientists issue ultimatum on critical temperature limit
The IPCC has warned that about half of the world’s population is now acutely vulnerable to disasters stemming from the burning of fossil fuels. Bloomberg | Bloomberg | Getty Images The fight to keep global heating under 1.5 degrees Celsius has reached “now or never” territory, according to a new report released Monday by the […]
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FDA says Covid vaccines may need to be updated to ensure high level of effectiveness against virus
A healthcare worker administers a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, U.S., on Wednesday, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The currently approved Covid-19 vaccines may need an update to ensure a high level of protection as the virus […]
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Ford’s first-quarter sales fell 17% as the automaker battled a chip shortage
An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images DETROIT – Ford Motor’s U.S. sales of new vehicles declined 17% during the first quarter, including a 26% slide […]
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Starbucks stock falls as interim CEO Howard Schultz suspends share buybacks
Howard Schultz, Chairman of Starbucks at the grand opening of the Starbucks Reserve Roastery in Shanghai, China on Dec. 5th, 2017. Justin Solomon | CNBC Howard Schultz’s first day back at the helm of Starbucks kicked off with an announcement that the coffee chain is suspending stock buybacks to invest back into operations. Shares of […]
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