Shares in vaccine makers and healthcare firms around the world slid sharply on Friday, as investors warned that Donald Trump’s choice of Robert F Kennedy Jr as US Health Secretary could pose new challenges to the sector. Kennedy is known as a vaccine sceptic and, if confirmed in the post, has vowed to use it…
Pharmaceutical stocks continued to fall Friday after President-elect Donald Trump’s controversial nomination of vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health and Human Services. Shares of COVID vaccine manufacturers Moderna and Pfizer fell early Friday morning, down 4% and 4.3% respectively. Shares of Novavax, another US-based biotech company, slipped 2.6%. Pharmaceutical…
CNN’s Jake Tapper gave a blunt assessment of President-elect Donald Trump’s selection of vaccine-skeptic Robert Kennedy Jr. as the next Secretary of Health — deadpanning on-air as the news broke: “Well, America, I hope you like measles.” The longtime Kennedy critic made the jibe during Thursday’s show as Tapper discussed Trump’s other cabinet picks, including…
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If you received business payments via apps such as PayPal or Venmo or e-commerce companies such as eBay, Etsy or Poshmark in 2023, your tax return may now be a little less complicated. The IRS announced Tuesday that 2023 would…
US President Joe Biden holds up a copy of the Republican’s FY2024 budget as he delivers remarks on Bidenomics and Republican economic policy during an event at Prince George’s Community College, in Largo, Maryland, United States on September 14, 2023. Kyle Mazza | Anadolu Agency | Getty Images With an economy posting significant GDP growth,…
WASHINGTON — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. A 1.6% jump in sales…
A child has been seriously injured from a hoodie sold on Temu, with the products now recalled. Several glow-in-the-dark hoodies from online marketplace giant Temu have been recalled over concerns of a risk of “serious burn injuries.” The Pink Rainbow Unicorn, Purple Rainbow Unicorn, Blue Dinosaur, and Space Planet hoodies are included in the Product…
TikTok has officially launched its e-commerce service TikTok Shop in the US. Costfoto | Nurphoto | Getty Images Consumers are increasingly turning to social media for their shopping this holiday season, and TikTok’s latest venture into e-commerce has emerged at the forefront. For some, it means weighing the convenience of mobile shopping and often low…
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market DETROIT — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the…
People exit the Supreme Court building in Washington, D.C. on Tuesday, June 27, 2023. Minh Connors | The Washington Post | Getty Images The Supreme Court is set to hear oral arguments Tuesday on a case that could affect broad swaths of the U.S. tax code and federal revenue. The closely watched case, Moore v….
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