Tag Archives: Breaking News: Business

Read SpaceX president Gwynne Shotwell’s speech to 2021 graduates, urging US educational reforms

“Hey, Class of 2021, I’m incredibly proud to be your commencement speaker. Thank you, Morty [Schapiro] for inviting me, and thanks to the board and Lanny Martin, its chairman, for allowing me to speak, even though you guys know me for my six years of service on this board, and that this invitation is a […]

GE, Safran working on cleaner energy aircraft engines that could work with hybrid technology, hydrogen

A CFM56-7B aircraft engine from a Boeing 737 stands on assembly stands in a maintenance hangar at MTU Maintenance Berlin-Brandenburg. Patrick Pleul | picture alliance | Getty Images General Electric‘s aviation unit and its joint-venture partner Safran of France on Monday said they are developing new airplane engines that aim to cut emissions by more […]

Novavax says its Covid vaccine is 90% effective, plans to submit data to FDA in third quarter

A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Biotech firm Novavax said Monday its Covid-19 vaccine was shown to be safe and 90.4% effective overall in a phase three […]

How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguard

A Home Depot location in Encinitas, California. Mike Blake | Reuters Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was time to get its own boat. “We have a ship that’s solely going to be […]

Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public

Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Virgin Orbit, the satellite-launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions […]

Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million

A New Shepard rocket launches on a test flight. Blue Origin Jeff Bezos‘ space venture Blue Origin auctioned off a seat on its upcoming first crewed spaceflight on Saturday for $28 million. The winning bidder, whose name wasn’t released, will fly to the edge of space with the Amazon founder and his brother Mark on […]

Southern states have a ‘real vulnerability’ to Delta Covid variant this summer, warns Dr. Peter Hotez

Dr. Peter Hotez warned that Southern U.S. states could feel the impact of the highly transmissible Delta Covid variant as early as this summer, due in part to low vaccination rates.  “I’m really holding my breath about the South and what happens over the summer,” said Hotez, co-director of the Center for Vaccine Development at […]

United Airlines says rising travel demand will spare flight attendants, thousands of others from furlough this fall

United was the first commercial airline to fly the first FDA-authorized Covid vaccines to the U.S. Source: United Airlines United Airlines told more than 40,000 employees on Friday that their jobs are safe when federal Covid-19 aid for the sector expires this fall thanks to a rebound in travel demand. The recovery in bookings, led […]

Starbucks files trademark application for stadium naming rights

Starbucks CEO Kevin Johnson speaks during the company’s annual shareholders meeting at WAMU Theater, on March 20, 2019 in Seattle, Washington. Stephen Brashear | Getty Images Starbucks filed an application with the U.S. Patent and Trademark Office earlier in June for the right to use its name on a stadium or training facilities. If approved, […]

Suicide attempts among adolescent girls surged by more than 50% during pandemic, CDC says

chameleonseye | iStock | Getty Images Suicide attempts surged among 12- to 17-year-olds, especially adolescent girls, during the Covid-19 pandemic and got worse the longer social distancing orders and government lockdowns persisted, according to new data from the Centers for Disease Control and Prevention. Emergency department visits at hospitals among adolescents were already increasing in […]

Moderna says it hasn’t found a link between its Covid vaccine and heart inflammation

A healthcare worker holds a vial of the Moderna COVID-19 Vaccine at a pop-up vaccination site operated by SOMOS Community Care during the coronavirus disease (COVID-19) pandemic in New York, January 29, 2021. Mike Segar | Reuters Moderna has not found a link between its Covid-19 vaccine and the cases of a rare heart inflammation […]

The FDA reportedly forces J&J to scrap about 60 million doses of its Covid vaccine

A detail of Janssen Johnson & Johnson COVID-19 vaccine that is not currently being given out because it has been put on hold. Allen J. Schaben | Los Angeles Times | Getty Images Federal regulators are forcing Johnson & Johnson to scrap about 60 million doses of Covid-19 vaccine produced at a troubled Baltimore plant […]

Third member of prestigious FDA panel resigns over approval of Biogen’s Alzheimer’s drug

A sign for the Food and Drug Administration is seen outside of the headquarters on July 20, 2020 in White Oak, Maryland. Sarah Silbiger | Getty Images A third member of a key Food and Drug Administration advisory panel has resigned over the agency’s controversial decision to approve Biogen‘s new Alzheimer’s drug, Aduhelm, CNBC has […]

CDC says heart inflammation cases were higher than expected in 16- to 24-year-olds after second Covid vaccine shot, but still rare

A young man in West Virginia receives the vaccine while overlooking the West Virginia Capitol Building in Riggleman Hall. Stephen Zenner | LightRocket | Getty Images There have been a higher-than-expected number of cases of heart inflammation in 16- to 24-year-olds after receiving their second dose of Pfizer‘s or Moderna‘s Covid-19 vaccines, the Centers for Disease […]

Top FDA advisor says kids need to be vaccinated against Covid

U.S. Sen. Bob Casey, right, looks on as Dr. Paul Offit, speaks during a news conference Friday, Feb. 13, 2015, in Philadelphia. Matt Rourke | AP Children need to be vaccinated against Covid-19, a top advisor to the Food and Drug Administration on children’s vaccines told the agency Thursday. “It just seems silly to think […]