Chicago Mayor Lori Lightfoot on Tuesday that the city’s indoor mask mandate and COVID-19 vaccination requirement for certain businesses will be scrapped effective Feb. 28. Lightfoot told reporters at a news conference that mask-wearing will still be enforced in the city’s public transit system, health care settings such as hospitals and nursing homes, and congregate…
Chicago to Drop Vaccine, Indoor Mask Mandates for Certain Locations: Mayor
February 23, 2022
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Moderna Begins Late-Stage Study of RSV Vaccine Using mRNA Technology
February 23, 2022
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Moderna Inc. said on Tuesday it had begun a late-stage study of its vaccine for Respiratory Syncytial Virus (RSV) based on the same technology used to develop its COVID-19 shots. The only approved product using messenger RNA (mRNA)is COVID-19 vaccine, but Moderna and rival Pfizer are rushing to tap the potential of the technology to…
CDC Taps Palantir to Support COVID-19 Drug Supply in US
February 23, 2022
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The Centers for Disease Control and Prevention (CDC) has awarded Palantir Technologies Inc. a $5.3 million contract to manage distribution of COVID-19 drugs in the United States, the software maker said on Tuesday. The contract for supporting distribution of therapeutics is for a duration of six months, Palantir said. The new partnership is an extension…
Seattle Area Buses Suffer From Supply Chain Issues, Staff Shortages
February 22, 2022
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The global supply chain crisis and staffing shortages is beginning to hit Seattle area public transit, as buses in need of repair are piling up at their depots, The Seattle Times has reported. King County Metro is the public transit authority of King County, Washington, which includes the city of Seattle, and is the eighth-largest…
Bosch to Invest Additional 250 Million Euros in Chip Production Capacity
BERLIN—Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. The Reutlingen site had previously been earmarked for 50 million euros of a total of 400 million that the supplier set aside last year for spending on chip production…
German Producer Prices Soar as Bundesbank, BDI Warn on Economy
BERLIN—German producer prices rose in January at their fastest rate since modern records began, soaring 25 percent and extending a run of sharp increases likely to keep businesses under financial stress and consumer inflation high. Monday’s Federal Statistics Office showed most of the rise was due to spiralling energy costs, which the BDI industry association…
German Economy Likely to Shrink Again in Firts Quarter: Bundesbank
The German economy will probably shrink again in the current quarter as a new wave of coronavirus infections stops many people from going to work, the Bundesbank said on Monday, while predicting a rebound in the spring. Europe’s largest economy went into reverse in the last three months of 2021 as its large industrial sector…
Number of Americans Living Paycheck to Paycheck Jumps 7 Percent, Report Shows
A growing number of Americans are living paycheck to paycheck despite increasing wages, a newly released report found. PYMNTS and Lending Club released the report, which says that 61 percent of Americans are living paycheck to paycheck, an increase of 7 points since May 2021. The report also found 54 percent of Baby Boomers and…
Number of Americans Living Paycheck to Paycheck Jumps 7 Percentage Points, Report Shows
A growing number of Americans are living paycheck to paycheck despite increasing wages, a newly released report found. PYMNTS and Lending Club released the report, which says that 61 percent of Americans are living paycheck to paycheck, an increase of 7 points since May 2021. The report also found 54 percent of Baby Boomers and…
Small Businesses Raise Prices to Keep Up With Inflation
A net of 61 percent of small businesses raised their prices at the start of 2022, according to the National Federation of Independent Business. The percentage is the highest it’s been since 1974. The increase coincides with a 7.5 percent rate of inflation reported in January 2022 by the Bureau of Labor Statistics. The overall…
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