U.S. Economy
Moderate Democrats push their party to do more to fight inflation
Rep. Suzan DelBene, D-Wash., chair of the New Democrat Coalition, speaks with members of the press outside the West Wing of the White House after meeting with President Joe Biden to discuss his domestic agenda, Wednesday, March 30, 2022, in Washington. Standing with DelBene are Rep. Scott Peters, D-Calif., left, and Rep. Ami Bera, D-Calif. […]
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Novavax Covid vaccine clears key step on path to FDA authorization after committee endorses the shot
Novavax’s two-dose dose Covid-19 vaccine for adults ages 18 and older cleared a key step on the path toward Food and Drug Administration authorization on Tuesday. The FDA’s committee of independent vaccine experts voted 21 to 0 with one abstention to recommend authorization of the shot for use in the U.S. after an all-day public […]
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World Bank slashes global growth forecast to 2.9%, warns of 1970s-style stagflation
Global growth is expected to slip to 2.9% in 2022 from 5.7% in 2021 — 1.2 percentage points lower than previously predicted, according to the World Bank. Bloomberg | Getty Images The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession as the economy slips into […]
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‘Yellowstone’ boom pits lifetime Montana residents against wealthy newcomers
“Yellowstone” has become one of the hottest shows streaming. Filmed on location in the West, much of it in Montana, the scripted drama tells the story of a modern day ranch owner John Dutton, played by Kevin Costner, and his family dynasty. The storyline is deliciously captivating, with back-stabbing and family intrigue, high stakes power […]
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Novavax faces high stakes FDA review this week that will decide the fate of its Covid vaccine in the U.S.
In this photo illustration the Food and Drug Administration (FDA) and Novavax logos are seen behind a medical syringe and vials. Pavlo Gonchar | LightRocket | Getty Images Novavax’s Covid-19 vaccine will face the scrutiny of the Food and Drug Administration’s independent immunization experts this week, a crucial step on the path toward U.S. regulatory […]
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U.S. has more than 36,000 Jynneos monkeypox vaccine doses immediately available in national stockpile
The United States has more than 36,000 doses of the Jynneos monkeypox vaccine immediately available in the strategic national stockpile, according to the Health and Human Services Department. The Centers for Disease Control and Prevention is sending the vaccine to people who have had high risk exposures to the virus in an effort to stop […]
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These charts show the state of the global supply chain as China eases Covid lockdowns
Zoom In IconArrows pointing outwards The CNBC Supply Chain Heat Map for China, which is gradually easing Covid lockdowns, is showing several hot spots slowing down trade flow in recent days. China’s “zero Covid” measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics. The decrease in completed manufactured goods is […]
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Why the global soil shortage threatens food, medicine and the climate
Soil can be considered black gold, and we’re running out it. The United Nations declared soil finite and predicted catastrophic loss within 60 years. “There are places that have already lost all of their topsoil,” Jo Handelsman, author of “A World Without Soil,” and a professor at the University of Wisconsin-Madison, told CNBC. The impact […]
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Abbott Nutrition restarts baby formula production in reopened Michigan plant
Shelves normally meant for baby formula sit nearly empty at a store in downtown Washington, DC, on May 22, 2022. Samuel Corum | AFP | Getty Images Abbott Nutrition on Saturday resumed baby formula production at its Sturgis, Michigan, plant, a move toward addressing a nationwide shortage. The company has been given the green light […]
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The CDC is sending monkeypox vaccines to people at high risk in a race to prevent the spread
Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. Dado Ruvic | Reuters The Biden administration has distributed 1,200 monkeypox vaccine doses for people who have had high-risk exposures to the virus, part of a nationwide public health response to stamp out the disease before it causes […]
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