Tag: business news

Dr. Anthony Fauci explains what the U.S. pause on J&J’s Covid vaccine means

White House chief medical advisor Dr. Anthony Fauci said Tuesday that the Food and Drug Administration’s recommended pause on the use of Johnson & Johnson‘s Covid-19 vaccine will give U.S. health regulators the time they need to thoroughly investigate how six women developed a rare blood clotting disorder that left one dead. Fauci said officials […]

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Biden plans to withdraw U.S. forces from Afghanistan by Sept. 11, missing May deadline, reports say

1st Battalion, 501st Infantry Regiment, 4th Brigade Combat Team, 25th Infantry Division, watch as CH-47 Chinook helicopters circle above during a dust storm at Forward Operating Base Kushamond, Afghanistan, July 17, during preparation for an air assault mission. U.S. Army photo WASHINGTON – President Joe Biden will withdraw all American troops from Afghanistan by September, […]

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‘A devastating blow’ — doctor says pausing J&J Covid vaccine will have far reaching effects

Dr. Kavita Patel told CNBC on Tuesday she believes the Food and Drug Administration’s recommendation that states pause the use of Johnson & Johnson‘s single-shot Covid vaccine is likely to have lasting impacts on the nation’s efforts to combat the pandemic. “This is a devastating blow to this J&J vaccine effort in the United States,” […]

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Tough road ahead for U.S. firms trying to cut reliance on Taiwan chipmakers

Taiwanese chipmakers are ahead of their international rivals and it will be tough for U.S. tech companies to reduce their reliance on Taiwan, said Sebastian Hou from CLSA. Tech firms like Apple, Amazon, Google as well as Qualcomm, NVIDIA and AMD rely heavily on Taiwanese contract manufacturers to produce up to 90% of their chips, […]

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Cramer counts Chipotle, Darden among ‘last man standing’ restaurant plays

CNBC’s Jim Cramer on Monday revealed a list of stocks he expects will benefit from the “last man standing scenario.” “After a year of carnage, big businesses with deep pockets are triumphing over their smaller competitors who didn’t make it,” the “Mad Money” host said. The scenario will play out vividly in the restaurant industry, […]

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Officer who fatally shot Daunte Wright can’t be charged with a crime under Minnesota law, attorney says

Minnesota law may save the police officer who fatally shot 20-year-old Daunte Wright during a traffic stop from being charged with a crime, Civil Rights attorney David Henderson said Monday. “I think the officer should have been fired immediately because there are points of no return with regard to making mistakes on your job, but […]

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DARPA awards nuclear spacecraft contracts to Lockheed Martin, Bezos’ Blue Origin and General Atomics

An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won the Defense Advanced Research Projects […]

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Progressive group targets FedEx, Nike in campaign calling for higher corporate taxes

A FedEx employee loads up deliveries in San Francisco. Getty Images A progressive group pushing Congress to raise the corporate tax rate is launching an ad campaign targeting FedEx and Nike, two large American companies with light federal tax bills. Tax March, which held dozens of demonstrations in 2017 calling on former President Donald Trump […]

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India overtakes Brazil to become the second-worst hit country as Covid cases soar

A beneficiary receives a dose of Covid-19 vaccine, at HB Kanwatia Hospital in Jaipur, Rajasthan, India, on April 11, 2021. Vishal Bhatnagar | NurPhoto | Getty Images India overtook Brazil as the second worst-infected country behind the United States after data showed that Covid-19 cases continued to surge. The South Asian nation reported more than […]

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