A vial labelled “Novavax V COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration authorized Novavax’s updated protein-based Covid vaccine for emergency use in people ages 12 and up on Friday, paving the way for the shot to compete with Pfizer and Moderna’s jabs this fall and winter. Novavax’s vaccine targets the highly contagious omicron subvariant JN.1, which began circulating widely in the U.S. earlier this year. JN.1 only accounted for 0.2% of cases circulating nationwide as of this week, according to the latest Centers for Disease Control and Prevention data. Novavax manufactures…
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An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersCompanies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck between a rock and a hard place when it comes to this burgeoning health insurance coverage market.Small businesses employ roughly half of the workers in the U.S. labor market, and they have been adding jobs at a faster pace than large employers. Since the first quarter of…
WASHINGTON — For nearly a decade, former president Donald Trump has rallied voters around a cry to cut the size of the federal government and “drain the swamp.”But now one Republican running in a key House race is trying to distance himself from the proposed cuts, and from Trump’s plan to move 100,000 federal workers out of the D.C.-Maryland-Virginia area while firing “rogue bureaucrats” – policies that could cost the area’s economy billions of dollars.Derrick Anderson is the Republican nominee running in a competitive race to represent Virginia’s seventh congressional district in the House. The district has almost 60,000 federal employees…
Founder and CEO of Telegram Pavel Durov delivers a keynote speech during the Mobile World Congress in Barcelona, Spain February 23, 2016. REUTERS/Albert GeaAlbert Gea | ReutersFrench prosecutors on Wednesday charged Telegram CEO Pavel Durov with enabling criminal activity on the messaging platform and placed him under formal investigation following his arrest Saturday.In a statement, the Paris Prosecutors’ Office said that Durov was indicted of all charges unveiled earlier this week in a statement from prosecutors. They included complicity in the administration of an online platform to enable an illicit transaction, in an organized gang — a charge which, on…
One step inside a spa’s dimly lit room, and I’m already anticipating a serene, therapeutic experience: an hour-long full-body massage that leaves me relaxed and revitalized.But a recent appointment at ila Only Spa at the luxurious Lotte New York Palace hotel didn’t resemble past spa experiences. Although a human escorted me into the room, a machine executed the massage — specifically, an artificial intelligence-powered robot courtesy of Aescape, a New York-based lifestyle robotics company.Entrepreneur Eric Litman founded Aescape in 2017, after experiencing a bulging disc in his neck that he attributed to frequent flying, he said.He flew so often, he said,…
Dodgers designated hitter Shohei Ohtani, #17, watches his ball soar after hitting his first home run as a Dodger off of Giants pitcher Taylor Rogers, # 33, in the seventh inning at Dodger Stadium in Los Angeles Wednesday, April 3, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesSeveral months after Fanatics signed NBA superstar Lebron James to an exclusive wide-ranging trading cards and collectibles deal, Fanatics-owned Topps has signed an exclusive long-term global trading card deal with one of baseball’s biggest stars: Shohei Ohtani.The new deal, which begins immediately, will include autographed and game-used memorabilia cards, focusing on…
In the days before his first Super Bowl, Patrick Mahomes was on a practice field with a small group of offensive players and coaches while the rest of the team worked on special teams.In Mahomes’ early years as an NFL quarterback, the Kansas City Chiefs’ special teams period had become his personal lab — the time he could push the boundaries of what was possible, breaking rules, inventing plays, experimenting with new mechanics. Chiefs coach Andy Reid had a phrase for that way of thinking: “I’m giving you the keys,” he’d say.At practice before the biggest game of his young…
Timothy Armoo, co-founder and former CEO of Fanbytes.Timothy ArmooTimothy Armoo is a 29-year-old millionaire who became rich by selling his influencer marketing firm for eight-figures, but the young, Black entrepreneur had to beat the odds to find success.Armoo, the co-founder and former CEO of Fanbytes, hails from what was one of the most impoverished areas in south London and as a teenager lived with his dad on a fourth floor council estate — public housing — on Old Kent Road in the borough of Southwark.”It was the poorest place,” Armoo told CNBC Make It in an interview. “It was at…
A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesDollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.Shares of the retailer, which caters to more rural areas, tumbled 25% after the earnings report.The company now expects fiscal 2024 same-store sales to be up 1.0% to 1.6%, lower than its prior outlook for a 2% to 2.7% increase. Earnings per share for the year are expected to be in the range of just $5.50…
Nvidia ‘s financials released after Wednesday’s close weren’t quite the $4 billion “Triple Lindy” of upside many investors were hoping for. But they were darn close, which avoided a feared massive sell-off in one of the three U.S. companies in the $3 trillion market cap club. Revenue for at the AI semiconductor powerhouse’s fiscal 2025 second quarter jumped 122% year-over-year to $30.04 billion, well ahead of analysts’ forecasts of $28.7 billion, according to data provider LSEG. While that was about a $1.3 billion beat, it was short of the $2 billion beat that Wall Street talked itself into. Adjusted earnings-per-share…
