Drugstore chains Walgreens Boots Alliance and Rite Aid said on Wednesday they would start offering second booster doses of mRNA COVID-19 vaccines, after the shots were cleared in the United States. U.S. health officials on Tuesday authorized second booster shots of Pfizer and Moderna’s vaccines for people aged 50 and older, citing data showing waning…
Walgreens, Rite Aid to Start Giving 2nd COVID-19 Boosters in US
April 1, 2022
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Inversion of Key US Yield Curve Slice Is a Recession Alarm
March 31, 2022
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NEW YORK—A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the Federal Reserve could tip the economy into recession as it battles soaring inflation. For a brief moment, the yield on the two-year Treasury note was higher than…
War, Inflation Hit Euro Zone Recovery Hopes
March 30, 2022
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PARIS—France and Germany saw bigger than expected drops in consumer confidence this month as rising inflation and concern about the impact of Russia’s invasion of Ukraine took their toll, surveys showed on Tuesday. The European Central Bank insists the euro zone can avoid recession, but the collapse in consumer morale in its two top economies…
Rising Shipping Costs Threaten to Raise Prices Around the World, Says IMF
March 29, 2022
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The two-year global supply crisis is beginning to worsen again this month after easing due to the waning of the pandemic, as war in Ukraine and CCP virus lockdowns raise shipping costs and slow growth, according to the International Monetary Fund (IMF) on March 28. “The sea carries more than 80 percent of the world’s…
Tesla to Seek Shareholder Approval for Stock Split; Shares Surge
Tesla Inc. will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5 percent. The plan came as the company suspended its Shanghai factory amid COVID-19-related lockdown measures and its artificial intelligence head…
Moderna Raises Full-Year COVID Vaccine Sales Forecast to $21 Billion
Moderna Inc on Thursday raised its full-year forecast for sales of its COVID-19 vaccine to roughly $21 billion from $19 billion. The company in February forecast sales of $19 billion from its signed contracts, and option for $3 billion in additional purchases. Moderna on Thursday forecast additional purchases of roughly $500 million.
More Chinese Property Developers Delay Earnings Reports, Deepening Market Concerns Over Sector’s Woes
March 24, 2022
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A growing number of Chinese property developers this week said they will be unable to publish audited 2021 earnings statements on time, deepening market concerns over the sector’s financial troubles. Indebted Kaisa Group Holdings Ltd. became the latest developer to disclose that it will most likely miss the deadline for reporting audited financial results due…
Moderna to Ask FDA to Authorize Vaccine for Children as Young as 6 Months
March 23, 2022
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Moderna on March 23 said its clinical trial for its COVID-19 vaccine in children aged 6 months to 5 years old successfully met its primary endpoint. The company plans to ask the Food and Drug Administration (FDA) to grant emergency use authorization for the jab for the age group, even though the estimated effectiveness is…
Britain Aligns With EU on Basel Bank Capital Rules
March 21, 2022
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LONDON—The Bank of England said on Monday that it planned to implement a final set of post-financial crisis capital requirements for banks from January 2025, bringing Britain in line with the European Union in a move that banks will welcome. Tough bank capital reforms were agreed at the global level after banks were bailed out…
How Schools’ COVID-Aid Joy Ride Could Send New Hires Off a Fiscal Cliff—Again
March 20, 2022
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As school districts across the country grapple with declining enrollments induced by the pandemic, many are engaged in spending sprees like those of the past leading to widespread layoffs and budget cuts when federal money ran out. Bolstered by $190 billion in pandemic relief funding from Washington, the nation’s public schools are hiring new teachers…
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