Tag Archives: U.S. Economy

Intel delay on $20 billion chip plant about ‘leverage’

Ohio Gov. Mike DeWine still has high hopes for Intel, even after the company announced that its plan for a massive semiconductor plant east of Columbus could see its scope scaled back or construction delayed. “I truly believe that this is the Midwest’s time. I believe it’s Ohio’s time,” DeWine, …

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Covid Novavax (NVAX) Q1 2022 earnings

Novavax on Monday reported its first profitable quarter as its Covid vaccine rolls out across several countries around the world, though the company still missed earnings and revenue expectations. Novavax reported net income of $203 million in the first quarter, compared to a net loss of $222.7 million the same …

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U.S. will limit Covid vaccines to high-risk people this fall if Congress doesn’t approve more funding

The U.S. will have to limit the next generation of Covid vaccines this fall to individuals at the highest risk of getting seriously sick from the virus if Congress fails to approve funding to purchase the new shots, according to a senior Biden administration official. The official, who spoke on …

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CDC investigating severe hepatitis in children

The Centers for Disease Control and Prevention is investigating 109 cases of severe hepatitis in children, including five deaths, to try to determine a cause with adenovirus infection as the primary line of inquiry, the public health agency said on Friday. More than 90% of the children were hospitalized and …

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How college athletes line up tens of thousands of dollars in NIL deals

The NCAA enacted an interim name, image and likeness policy almost a year ago, which allows athletes — many of whom have big social media followings — to make deals with local car dealerships, and in some instances, with major retail and media brands. Several states have written their own …

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Wedding costs surge as pent-up demand, inflation force couples to cut back

Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, will hop on a plane from Florida to South America early next year for a destination wedding. The international trip …

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Why the market is taking Powell’s ‘soft-ish’ economic language so hard

Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for an economic landing, as Jerome Powell did on Wednesday, as a bullish signal, has a transitory understanding of how much significance to give to any single day’s trading action. Stocks …

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New York City could bring back mask mandate, vaccine checks

Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, U.S. March 7, 2022. Brendan McDermid | Reuters New York City could bring back mask mandates and proof of vaccination …

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Covid Moderna (MRNA) Q1 earnings 2022

The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit expectations. The biotech company’s shares soared by …

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Pfizer Paxlovid prescriptions to treat Covid increased tenfold in U.S.

Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Pfizer on Tuesday said prescriptions for its oral antiviral to treat Covid-19 have increased nearly tenfold in the U.S. …

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