FDA authorizes emergency use for Novavax Covid-19 vaccine for ages 12 to 17

A box of the Novavax Covid-19 vaccine arranged at a pharmacy in Schwenksville, Pennsylvania, US, on Monday, Aug. 1, 2022. Bloomberg | Bloomberg | Getty Images Biotechnology company Novavax announced on Friday that its Covid-19 vaccine has been authorized for emergency use by the U.S Food and Drug Administration for adolescents between the ages of … Read more

UK becomes first country to approve Moderna’s dual Covid-19 vaccine

Britain has become the first country in the world to approve Moderna’s bivalent Covid-19 vaccine, which targets both the original strain of the virus and the newer Omicron variant. Long Visual Press | Universal Images Group | Getty Images LONDON — Britain on Monday became the first country in the world to approve a dual … Read more

These stocks won big after the last three Fed rate hikes

As investors prepare for another likely three-quarter point increase from the Federal Reserve on Wednesday, a glance at recent history indicates that certain stocks have been winning big on such days and could triumph again. Markets have recently grown comfortable with the prospect of a three-quarters point move that’s expected from the central bank as … Read more

Buy these stocks with strong balance sheets, cash flow

It’s a tough year to be invested in stocks, with the stock market experiencing a seemingly never-ending cycle of gyrations. Major U.S. indexes fell last week, with the Dow Jones Industrial Average ending the week at 29,888.78 — just a day after it dipped below the key 30,000 level for the first time since January … Read more

Baidu, MicroStrategy, Moderna and more

Check out the companies making headlines before the bell: Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell its controlling stake in the video streaming company iQIYI (IQ). iQIYI fell 3.4%. MicroStrategy (MSTR) – MicroStrategy lost 2.2% in the premarket as … Read more

Campbell Soup, Moderna, Western Digital and others

Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer’s shares rallied 3.7% in the premarket after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also beat forecasts, and the company raised its full-year sales outlook. Campbell also maintained its prior … Read more

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 condition of anonymity, warned that … Read more

Novavax says vaccine targeting Covid and flu shows promising results in early data

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Wednesday said its vaccine targeting both Covid-19 and the flu triggered an immune response similar to its … Read more

Meta says employees won’t need Covid boosters to come to U.S. offices

Kevin Dietsch | Getty Images Facebook parent Meta Platforms will stop insisting that employees have Covid booster shots in order to come to its facilities in the U.S., a spokesperson confirmed to CNBC on Friday. Technology companies have begun the process of luring their workers back to their corporate campuses. Meta, as well as Microsoft, … Read more

Moderna CEO says it’s ‘reasonable’ to think pandemic may be in its final stages

Moderna’s CEO Stephane Bancel said it’s “reasonable” to assume that we may be approaching the final stages of the pandemic. “I think that is a reasonable scenario,” he told CNBC’s “Squawk Box Asia” when asked about views that the Covid-19 pandemic may now be in its final stages. “There’s an 80% chance that as omicron … Read more