The losses came after Chair Jerome Powell said the Federal Reserve will likely need to keep interest rates high enough to slow the economy for some time in order to beat back the high inflation sweeping the country.
The chemicals can accumulate and persist in the human body for long periods of time, and evidence from animal and human studies indicates that exposure to might lead to cancer or other health problems.
COVID-19 vaccine maker Moderna accuses competitors Pfizer and BioNTech of copying Moderna’s technology in order to make their own vaccine.
Federal Reserve leader Jerome Powell acknowledged the rate hikes will hurt the job market and U.S. households, but he also said the pain would be worse if inflation were allowed to fester.
According to a Commerce Department report Friday that is closely watched by the Federal Reserve, consumer prices rose 6.3% in July from a year earlier after posting an annual increase of 6.8% in June.
The move by the California is likely to reshape the U.S. auto market, which gets 10% of its sales from the nation’s most populous state.
In January, the cost of insulin for patients on Medicare will be capped at $35 a month. But that cap doesn’t apply to those with private insurance, which is used by the majority of those in need of insulin.
The number of Americans collecting traditional unemployment benefits fell by 19,000 the week that ended Aug. 13, to 1.42 million.
In its previous estimate for the April-June quarter, the government had estimated that the economy had shrunk at a 0.9% rate.
The researchers found that Paxlovid reduced hospitalizations among people 65 and older by roughly 75% when given shortly after infection. But people between the ages of 40 and 65 saw no measurable benefit, according to the analysis of medical records.
Formula One has multiple inquiries from potential team owners who have taken a more behind-the-scenes approach than Michael Andretti, who has been “quite vocal” in his desire to expand the current grid, F1’s CEO said Wednesday.
Amazon is closing the hybrid virtual, in-home care service it’s spent years developing, a surprising move that underscores the challenges it faces as it moves into health care.
The SEC’s Division of Corporation Finance asked the questions in a June 15 letter, shortly before Tesla CEO Elon Musk raised the issue as grounds to back out of a deal to buy Twitter for $44 billion.
The plan calls for $10,000 or more in federal loan forgiveness for millions of Americans. Democrats are betting that President Joe Biden, who has seen his public approval tumble over the past year, can help motivate younger voters to the polls with the announcement.
The plan, expected to be revaled Wednesday, would likely eliminate student debt entirely for millions of Americans and wipe away at least half for millions more.
Democrat Paul Steury has been confirmed as the party’s candidate for the special election that will determine who will complete the congressional term of Republican U.S. Rep. Jackie Walorski following her death in a northern Indiana highway crash.
A former head of security at Twitter has filed whistleblower complaints with U.S. officials, alleging that the company misled regulators about its cybersecurity defenses and its problems with fake accounts.
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Now it plans to spend billions of dollars on two gigantic acquisitions that, if approved, will broaden its ever growing presence in the lives of consumers.
Pfizer asked U.S. regulators Monday to authorize its combination COVID-19 vaccine that adds protection against the newest omicron relatives—a key step toward opening a fall booster campaign.
Cineworld faces challenges specific to itself after building up $4.8 billion in net debt, not including lease liabilities. But the entire industry is navigating a tenuous recovery after the pandemic shut theaters worldwide.
