U.S. Economy
Intel CEO now expects chip shortage to last into 2024
Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testifying during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel CEO Pat Gelsinger told CNBC on Friday he now […]
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FDA panel to discuss Novavax Covid vaccine for adults, Pfizer and Moderna shots for kids in June
Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021. Jakub Porzycki | NurPhoto | Getty Images The Food and Drug Administration’s independent advisors will meet in June to discuss Novavax’s Covid vaccine for adults as well as Pfizer and Moderna’s shots […]
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Severe hepatitis outbreak in healthy kids possibly linked to adenovirus infection, WHO officials say
An outbreak of severe hepatitis in healthy children that has caused liver failure in some kids might be linked to adenovirus infection, and not hepatitis as originally suspected, though further investigation is needed, World Health Organization officials said on Thursday. Eleven countries, including the U.S., have reported at least 169 cases of severe acute hepatitis […]
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Moderna asks FDA to authorize Covid vaccine for kids under 6 years old
Moderna on Thursday asked the Food and Drug Administration to authorize its Covid vaccine for children ages 6 months to 5 years old. The vaccine was about 51% effective against infection from the omicron variant in children under 2 years old and about 37% effective among 2- to 5-year-old kids, according to a company press […]
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Merck sold $3.2 billion of its Covid oral antiviral treatment, driving first-quarter revenue growth
Medicine pill is seen with Merck logo and words ‘Molnupiravir’ and ‘COVID-19’ displayed on a screen in the background in this illustration photo taken in Poland on November 5, 2021. Jakub Porzycki | NurPhoto | Getty Images Merck sold $3.2 billion of its oral antiviral treatment for Covid in the first quarter, fueling the company’s […]
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Real estate inventory plummets in South Florida, but the luxury markets are hotter than ever
This oceanfront mansion in Highland Beach, FL sold for $40 million breaking a local record for the town. Robert Stevens The supply of luxury homes and condos in South Florida isn’t merely tight. It’s worse than that. “This isn’t just a decline in inventory,” said Jonathan Miller, CEO of Miller Samuel, an appraisal and consulting […]
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Pfizer asks FDA to authorize third dose for children 5 to 11 years old
Dr. Sandra Hughes prepares to administer a first dose of the Pfizer-BioNTech coronavirus vaccine (COVID-19) to Elise Langevina, 6, in Storrs, Connecticut, U.S., November 3, 2021. Michelle McLoughlin | Reuters Pfizer and BioNTech on Tuesday asked the Food and Drug Administration to authorize a third dose of its Covid vaccine for children ages 5- to […]
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Senate confirms Lael Brainard as Fed vice chair
U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021. Kevin Lamarque | Reuters The U.S. Senate on Tuesday confirmed […]
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At least 58% of U.S. population has natural antibodies from previous Covid infection, CDC says
Blood drawn by a registered nurse for an antibody test for the coronavirus, June 16, 2020 in Washington, DC. Win McNamee | Getty Images Three out of every five people in the U.S. now have antibodies from a previous Covid-19 infection with the proportion even higher among children, demonstrating how widespread the virus was during […]
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High inflation may prompt people to change their summer vacation plans
Summer vacations plans could be in flux this year. This time, it’s not because of Covid-19. Instead, high prices due to inflation may prompt prospective travel goers to switch up their plans. In fact, 69% of adults who say they will take a vacation this summer anticipate changing their travel plans as prices have soared […]
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