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Tag Archives: U.S. Economy

The Covid recession brought extreme inequality in 2020

The Covid recession brought extreme inequality in 2020

The New York Stock Exchange (NYSE) in lower Manhattan. Spencer Platt | Getty Images The legacy of 2020 will endure in America’s collective memory for many reasons: a deadly pandemic, a vicious presidential election. It also brought the most severe recession in almost a century, which hurtled millions into poverty …

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Operation Warp Speed chief says distribution ‘should be better’

Operation Warp Speed chief says distribution 'should be better'

The United States will not inoculate as many people against the coronavirus by the end of the year as federal officials originally estimated, President Donald Trump’s Covid-19 vaccine czar said Wednesday. According to the Centers for Disease Control and Prevention’s latest count, more than 11.4 million doses of Pfizer’s and Moderna’s …

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California extends stay-at-home order for two regions

California extends stay-at-home order for two regions

Clinicians work in the former lobby of Providence St. Mary Medical Center, which has been converted into a care space to treat suspected COVID patients, amid a surge in COVID-19 cases in Southern California on December 23, 2020 in Apple Valley, California. Mario Tama | Getty Images California will extend …

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U.S. confirms first case in Colorado

U.S. confirms first case in Colorado

A person gestures towards a sign with a public health information message, amid the spread of the coronavirus disease (COVID-19), as new restrictions come into force, in London, Britain, December 20, 2020. Toby Melville | Reuters The first case of a new and potentially more infectious strain of Covid-19 has …

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Online shopping leads to strain at Port of Los Angeles

Online shopping leads to strain at Port of Los Angeles

The number of shipments coming through the nation’s busiest container port complex in Los Angeles is up substantially from the first half of the year, reflecting a rebound in business and shift in consumer habits. Port of Los Angeles Executive Director Gene Seroka in an appearance Monday on CNBC said …

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New warnings of a Covid ‘Christmas wave and New Year’s wave’

New warnings of a Covid ‘Christmas wave and New Year’s wave'

Dr. Stephen Parodi, director of Kaiser Permanente’s nationwide Covid response, warned that new coronavirus case surges are imminent unless Americans change their behavior during a Tuesday evening interview on “The News with Shepard Smith.”  “If we don’t make the choice now to change the future, then what I’m worried about …

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U.K. government confirms second strain of coronavirus

U.K. government confirms second strain of coronavirus

A pedestrian wearing a face mask or covering due to the COVID-19 pandemic, walks in central London on December 23, 2020. Tolga Akmen | AFP | Getty Images WASHINGTON — A second new and potentially more infectious variant of the novel coronavirus identified in South Africa has emerged in the United …

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Will the U.S. trust it?

Require Covid-19 vaccine for work return? Here's what Americans say

The U.S. began vaccinating the population against the coronavirus last week, but mass adoption is not a guarantee.  Nearly 4 in 10 Americans say they would “definitely” or “probably” not get a vaccine, according to a Pew Research Center survey of 12,648 U.S. adults from Nov. 18 to 29. While …

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Treasury yields climb after Trump threatens to derail stimulus bill

Coronavirus vaccine creates market winners and losers

U.S. government debt prices were lower on Wednesday after President Donald Trump suggested he may not sign a long-delayed coronavirus relief package.  The yield on the benchmark 10-year Treasury note climbed to 0.921%, while the yield on the 30-year Treasury bond was slightly higher at 1.655%. Bond yields move inversely to prices. Trump on …

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Pfizer nears deal with U.S. government for more doses

Pfizer nears deal with U.S. government for more doses

Walgreens Pharmacist Jessica Sahni holds the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at The New Jewish Home in New York, December 21, 2020. Yuki Iwamura | Reuters The U.S. government is close to a deal with Pfizer for an additional 100 million doses of its coronavirus vaccine, a source told CNBC’s …

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5 things to know about virus spreading in the U.K.

5 things to know about virus spreading in the U.K.

A notice informing people of ‘Tier 4’ coronavirus restrictions lights up a digital advertising screen on Oxford Street in London, England, on December 21, 2020. David Cliff | NurPhoto | Getty Images The U.K. has identified a new variant of the coronavirus that appears to spread more quickly, sparking new …

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‘This is already in the U.S.,’ says Dr. Gottlieb

'This is already in the U.S.,’ says Dr. Gottlieb

Former FDA chief Dr. Scott Gottlieb warned that the highly contagious, new mutation of Covid-19 found in the United Kingdom “is already in the U.S.” as more than 40 countries ban travel to and from the U.K. for 48 hours or more.  “I don’t think a travel ban, at this …

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U.S. plans to study allergic reactions from Pfizer shots

U.S. plans to study allergic reactions from Pfizer shots

The U.S. is looking at why a handful of people have suffered from severe allergic reactions shortly after receiving Pfizer’s coronavirus vaccine shots, a National Institute of Allergy and Infectious Diseases official told CNBC on Monday. The study – which is still in the early planning phases – is expected …

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WHO says new Covid strain in U.K. appears more contagious

WHO says new Covid strain in U.K. appears more contagious

World Health Organization (WHO) Chief scientist Soumya Swaminathan on January 12, 2020 in Geneva. FABRICE COFFRINI | AFP via Getty Images World Health Organization officials said Monday that the coronavirus is mutating “at a much slower rate” than seasonal influenza, even as officials in the U.K. announced this weekend that …

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How the US defense business makes billions off missile sales

How the US defense business makes billions off missile sales

Missile sales have become the No. 2 defense export in the U.S., according to the Stockholm International Peace Research Institute. And a handful of U.S. companies dominate production. Like with aircraft, missile sales are based on international alliances and treaties. And these sales can become hot-button issues, like a recent …

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Covid vaccinations ‘won’t be chaos,’ assures Walgreens executive

Covid vaccinations ‘won’t be chaos,’ assures Walgreens executive

Rick Gates, senior vice president of pharmacy and healthcare at Walgreens, told CNBC that getting vaccines to the general public “won’t be chaos” as the FDA authorized Moderna’s Covid-19 vaccine for emergency use and set plans in motion to get states nearly 6 million doses by early next week.    “What you’re going to see, is we’re going …

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Moderna Covid vaccine FDA approved for emergency use

U.S. plans to ship 6 million Moderna doses once FDA gives OK

The Food and Drug Administration has approved Moderna‘s coronavirus vaccine for emergency use. The vaccine — the second approved for use in the U.S. behind Pfizer and BioNTech‘s — bolsters the U.S. supply of doses. The potentially lifesaving shots are desperately needed to fend off the pandemic that has taken …

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Can you travel to Europe without quarantining? A new program allows it

Can you travel to Europe without quarantining? A new program allows it

­­­­­­­­­­­­­­­­­­­New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta …

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FDA panel recommends emergency approval

FDA panel recommends emergency approval

An influential Food and Drug Administration advisory panel on Thursday overwhelmingly backed Moderna‘s coronavirus vaccine, a key step paving the way to distribute the second Covid-19 vaccine in the United States next week. The nonbinding decision, which was adopted 20 to 0 with one abstention, from the FDA’s Vaccines and …

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FedEx (FDX) earnings Q2 2021

FedEx (FDX) earnings Q2 2021

A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News FedEx generated better-than-expected profits and revenue during its most recent quarter as the coronavirus pandemic continues to bolster high volume of U.S. and international package deliveries, the company …

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You can’t sue Pfizer or Moderna over side effects

You can't sue Pfizer or Moderna over side effects

If you experience severe side effects after getting a Covid vaccine, lawyers tell CNBC there is basically no one to blame in a U.S. court of law.  The federal government has granted companies like Pfizer and Moderna immunity from liability if something unintentionally goes wrong with their vaccines. “It is …

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5 things to know before FDA panel votes on Moderna

5 things to know before FDA panel votes on Moderna

Medical syringes are seen with Moderna company logo displayed on a screen in the background in this illustration photo taken in Poland on October 12, 2020. Jakub Porzycki | NurPhoto | Getty Images A key Food and Drug Administration advisory panel is scheduled to vote Thursday on whether to recommend …

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FDA authorizes Abbott’s rapid $25 Covid test for at-home use

FDA authorizes Abbott's rapid $25 Covid test for at-home use

Abbott Laboratories’ BinaxNow kit Abbott Labs The Food and Drug Administration on Wednesday announced that it has authorized Abbott Labs‘ rapid Covid-19 test for at-home use, though doctors must prescribe the test for patients. The test, which is an antigen test that delivers results in about 15 minutes, had previously …

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Here’s how to overcome common financial blind spots

Here's how to overcome common financial blind spots

AscentXmedia | iStock | Getty Images When it comes to managing money, most everybody has doubts as to whether they’re doing it right. So you may breathe a sigh of relief to know that no one is crazy, according to Morgan Housel, author of the book “The Psychology of Money.” …

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How and when will I get it?

How and when will I get it?

The first Covid vaccine has just been cleared for emergency use in the U.S. Late Friday, the Food and Drug Administration authorized the Pfizer-BioNTech coronavirus inoculation for distribution across the country.  Within hours, FedEx and United Parcel Service will begin shipping 2.9 million doses of the vaccine from Pfizer plants …

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CDC panel clears Pfizer Covid vaccine for people over age of 16

CDC panel clears Pfizer Covid vaccine for people over age of 16

CDC headquarters in Atlanta Elijah Nouvelage | Bloomberg via Getty Images A key U.S. Centers for Disease Control and Prevention panel voted unanimously to recommend Pfizer-BioNTech’s Covid-19 vaccine for people 16 years and older on Saturday, clearing another pivotal hurdle for the drug before vaccinations begin in the coming days. …

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Pfizer’s Covid vaccine approved by FDA for emergency use

Dr. Archana Chatterjee explains her FDA panel 'no' vote on Pfizer Covid vaccine

The Food and Drug Administration has approved Pfizer and BioNTech‘s coronavirus vaccine for emergency use, a monumental turning point in the once-in-a-century pandemic that has taken nearly 300,000 American lives in less than a year and wreaked havoc on the U.S. economy. FDA Chief Scientist Denise Hinton told Pfizer in …

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why teachers salaries are so low in the U.S.

why teachers salaries are so low in the U.S.

Teacher quality is the No. 1 school-related factor in student achievement. Yet, the profession is in turmoil: many earn less than a family living wage, up to a quarter of the workforce leaves teaching annually and about one-fifth are forced to seek a second job. According to the Economic Policy …

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Why the Covid vaccine rollout will be ‘a Herculean operation’

Why the Covid vaccine rollout will be ‘a Herculean operation’

President-elect Joe Biden’s Covid advisory board member Dr. Atul Gawande told CNBC that the Covid-19 vaccine rollout “is a Herculean operation” with potential hitches along the way as Pfizer’s Covid vaccine just took a big step toward FDA approval for emergency use. “The biggest challenge is going to be both production …

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FDA panel recommends approval for emergency use

FDA panel recommends approval for emergency use

A key Food and Drug Administration advisory panel on Thursday recommended the approval of Pfizer and BioNTech’s coronavirus vaccine for emergency use in people over 16 years old, the last step before the FDA gives the final OK to broadly distribute the first doses throughout the United States. If the …

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6 things to know before FDA panel votes today

6 things to know before FDA panel votes today

A vial of the Pfizer/BioNTech COVID-19 vaccine. Liam McBurney | Reuters A Food and Drug Administration panel is scheduled to vote Thursday on whether to recommend the approval of Pfizer and BioNTech’s coronavirus vaccine for emergency use. The non-binding decision from the agency’s Vaccines and Related Biological Products Advisory Committee, …

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The potentially crushing toll of rationing health care

Revised CDC data shows higher relative Black, Hispanic Covid death rate

The chief medical officer at Presbyterian Healthcare Services, Dr. Jason Mitchell, told CNBC that doctors are doing “everything we can do” to prevent rationing care as his state’s governor signed an executive order that moved New Mexico a step closer to rationing care at any place where patients are being …

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What it’s like in Pfizer, Moderna trials

What it's like in Pfizer, Moderna trials

The Pfizer–BioNTech coronavirus vaccine is both safe and effective, according to the U.S. Food and Drug Administration. In a report released Tuesday morning, the FDA indicated that it could greenlight the country’s first Covid-19 inoculation within days.  If Pfizer’s shot is granted an emergency use authorization, or EUA, the immunizations …

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Privacy challenges Trump administration’s effort to track Covid vaccinations

Privacy challenges Trump administration's effort to track Covid vaccinations

President Donald Trump arrives to deliver remarks during a tour of the Fujifilm Diosynth Biotechnologies’ Innovation Center, a pharmaceutical manufacturing plant where components for a potential coronavirus disease (COVID-19) vaccine candidate are being developed, in Morrrisville, North Carolina, U.S., July 27, 2020. Carlos Barria | Reuters The Trump administration’s plan …

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U.S. hasn’t seen full Covid brunt from Thanksgiving, Fauci warns

U.S. hasn't seen full Covid brunt from Thanksgiving, Fauci warns

Passengers depart Hartsfield–Jackson Atlanta International Airport ahead of the Thanksgiving holiday during the coronavirus disease (COVID-19) pandemic, in Atlanta, Georgia, November 23, 2020. Chris Aluka Berry | Reuters As the Christmas season inches closer, the U.S. has yet to see the worst from the coronavirus outbreaks driven by people traveling …

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Fauci says virus could be under control in ‘back half of 2021’

Fauci says virus could be under control in 'back half of 2021'

Anthony Fauci, MD, Director, National Institute of Allergy and Infectious Diseases, National Institutes of Health, testifies during a U.S. Senate Senate Health, Education, Labor, and Pensions Committee Hearing to examine COVID-19, focusing on an update on the federal response at the U.S. Capitol in Washington, D.C., U.S., September 23, 2020. …

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U.S. should be a Covid disaster mindset for two months

U.S. should be a Covid disaster mindset for two months

Intensive-care unit and lung doctor Dr. Vin Gupta told CNBC that the next two months in the United States should have everyone in a “disaster mindset” as Covid-19 cases explode across the nation. “Doctors in the reserves, U.S. Air Force Reserves, we haven’t leveraged all of our capabilities, we should …

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FDA may authorize Pfizer’s this week

FDA may authorize Pfizer's this week

Dr. Joseph Varon, left, and other medical staff member talk to a patient in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 6, 2020 in Houston, Texas. Go Nakamura | Getty Images The Food and Drug Administration could authorize a coronavirus vaccine as early as the …

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Can you be fired if you refuse the Covid vaccine?

Can you be fired if you refuse the Covid vaccine?

Vials with Covid-19 Vaccine stickers attached and medical syringe with the US pharmaceutical company Pfizer and BioNTech German biotechnology company logos. Vincent Kalut | Photonews | Getty Images The country’s first Covid vaccine could be authorized for emergency use as soon as Thursday. If Pfizer and BioNTech get the green …

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Stay-at-home order issued for San Francisco Bay Area

Stay-at-home order issued for San Francisco Bay Area

California Street, usually filled with iconic cable cars, is seen mostly empty in San Francisco, California on March 17, 2020. Josh Edelson | AFP | Getty Images San Francisco Bay Area health officials announced on Friday that they would implement California’s new stay-at-home order early, even though they haven’t reached …

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WHO warns Covid reinfections may occur as data suggests antibodies wane

WHO warns Covid reinfections may occur as data suggests antibodies wane

World Health Organization Director-General Tedros Adhanom Ghebreyesus R speaks at a daily briefing in Geneva, Switzerland. Chen Junxia | Xinhua News Agency | Getty Images World Health Organization officials on Friday warned that, though rare, recent data suggests people who were once infected with the coronavirus could be infected again …

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U.S. reports record 2,800 Covid deaths in a single day

U.S. reports record 2,800 Covid deaths in a single day

El Paso County Medical Examiner’s Office staff lock-up the mobile morgues before moving bodies that are in bags labeled “Covid” from refrigerated trailers into the morgue office amid the coronavirus disease (COVID-19) outbreak, in El Paso, Texas, U.S. November 23, 2020. Ivan Pierre Aguirre | Reuters The United States reported …

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Warp Speed’s supply director urges patience on Covid vaccine

Warp Speed's supply director urges patience on Covid vaccine

Operation Warp Speed’s director of supply production and distribution put out an estimated timetable on Covid-19 vaccine availability across the United States. In an interview on CNBC’s “The News with Shepard Smith” on Wednesday evening, Lt. Gen. Paul Ostrowski (Ret.) assured that everyone who wants a vaccine would be able …

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Obama will take doses, might film to build confidence

Obama will take doses, might film to build confidence

Former President Barack Obama speaks in support of Democratic presidential nominee Joe Biden during a drive-in rally at the Florida International University on November 02, 2020 in Miami, Florida. Joe Raedle | Getty Images Former President Barack Obama said Wednesday that he will take a coronavirus vaccine once one is …

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WHO says Covid vaccine approval is a first step, demand must be created

WHO holds briefing on pandemic after Moderna finds vaccine is highly effective

Executive Director of the World Health Organization’s (WHO) emergencies program Mike Ryan speaks at a news conference on the novel coronavirus (2019-nCoV) in Geneva, Switzerland. Denis Balibouse | Reuters Approving a coronavirus vaccine is only the first step toward suppressing the pandemic, as countries race to build distribution networks to …

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CDC offers shorter 7- and 10-day Covid quarantine guidelines

CDC offers shorter 7- and 10-day Covid quarantine guidelines

Women walk past a novel coronavirus testing site in Los Angeles, California, December 1, 2020. Lucy Nicholson | Reuters The Centers for Disease Control and Prevention on Wednesday announced shortened alternatives to its recommended quarantine for people who were exposed to someone with Covid-19, Dr. Henry Walke, the agency’s Covid-19 …

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How CFOs feel about 2021 hiring, spending with vaccine on the way

How CFOs feel about 2021 hiring, spending with vaccine on the way

Chief financial officers at large multinational corporations are cautiously optimistic about 2021 strategic investment and hiring. Optimism about a coronavirus vaccine is outweighing concerns about the current Covid-19 case surges in the U.S. and Europe, according to the results of the Q4 2020 CNBC Global CFO Council Survey. In the …

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CDC panel votes today on who gets the Covid vaccine first

CDC panel votes today on who gets the Covid vaccine first

[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] The Advisory Committee on Immunization Practices, an outside group of medical experts that advises the Centers for Disease Control and Prevention, is scheduled to vote …

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Post-election, political partisanship on Main Street is spiking

Post-election, political partisanship on Main Street is spiking

U.S. President-elect Joe Biden speaks about the U.S. economy following a briefing with economic advisers in Wilmington, Delaware, November 16, 2020. Kevin Lemarque | Reuters Main Street confidence dropped again this quarter — the second setback this year and also only the second substantial decrease in the nearly four years …

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CDC panel set Tuesday to vote who gets vaccine first

CDC panel set Tuesday to vote who gets vaccine first

A Centers for Disease Control and Prevention panel is set to vote Tuesday on who will be first in line to get the coronavirus vaccine. The meeting with the Advisory Committee on Immunization Practices, or ACIP, an outside group of medical experts that advises the CDC, comes a day after …

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Biden Covid advisor ‘relieved’ about Dr. Scott Atlas resignation

Biden Covid advisor 'relieved' about Dr. Scott Atlas resignation

President-elect Joe Biden’s Covid advisory board member Dr. Celine Gounder told CNBC that she is “relieved” upon hearing news that President Donald Trump’s special advisor on the coronavirus pandemic, Dr. Scott Atlas, formally resigned from his post. “I am relieved that in the future that people who are qualified, people …

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Preorders show pandemic-driven outdoor boom ‘not a trend’

Preorders show pandemic-driven outdoor boom 'not a trend'

Americans’ interest in outdoor activities blossomed this year as consumers sought health-conscious ways to spend the time during the coronavirus pandemic. Boat, RV and camping-related sales, like car sales, have surged, despite the pandemic-induced recession, and it has led to higher sales in outdoor attire and other equipment for retailers …

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Boston Market small group orders surge as CDC urges limits

Boston Market small group orders surge as CDC urges limits

Boston Market has seen food orders for small groups grow exponentially, offsetting losses to the fast-casual restaurant’s catering business and signaling that families are taking the government’s advice to limit gathering sizes for Thanksgiving dinner, President Randy Miller told CNBC Wednesday. “I am optimistic that we’re actually going to exceed last …

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CDC expected to shorten recommended time

CDC expected to shorten recommended time

The U.S. Centers for Disease Control and Prevention is considering shortening it’s recommended two-week quarantine period for people who have come in contact with people who have it — a change welcomed by some medical experts who say the relaxed guidelines would be easier for people to follow. Current CDC …

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Why it’s gotten harder for younger generations

Why it's gotten harder for younger generations

For a myriad of reasons, millennials, America’s largest generation, are becoming homeowners later in life and at lower rates than the generations of Americans that preceded them.  The rapid expansion of the middle-class after World War II made owning a home easier and, ultimately, a symbol of the American dream. …

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Pentagon Covid briefing as military struggles to contain outbreaks

Pentagon Covid briefing as military struggles to contain outbreaks

WASHINGTON — Department of Defense officials are slated to address the spike in coronavirus cases within the U.S. military at a press briefing on Tuesday. In the past week, U.S. Defense officials recorded more than 1,300 new confirmed cases of Covid-19 among members of the armed forces. Nearly a quarter of the roughly 300 …

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Biden team receives Operation Warp Speed briefing after weeks of delays

Biden team receives Operation Warp Speed briefing after weeks of delays

WASHINGTON — President-elect Joe Biden‘s transition team has been briefed on America’s response to the Covid-19 pandemic, Health and Human Services Secretary Alex Azar told reporters Tuesday. Azar said that on Monday evening Rear Adm. Erica Schwartz, the official leading the transition planning effort, briefed the Biden team on Operation Warp Speed, …

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Former subprime player shorting mortgage market

Former subprime player shorting mortgage market

During the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so they bet against them. They shorted the bonds and made billions. Now one of those players is doing the same thing, but not on subprime. …

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Regeneron to provide 300,000 doses of Covid treatment for U.S. by early January, CEO says

Regeneron to provide 300,000 doses of Covid treatment for U.S. by early January, CEO says

Regeneron will provide the U.S. with 300,000 doses of its newly authorized Covid-19 antibody treatment by early January, the company’s CEO, Dr. Leonard Schleifer, said Monday. The Food and Drug Administration on Saturday granted an emergency use authorization for the company’s antibody treatment, called REGN-COV2. The experimental therapy was given to President Donald Trump when he contracted …

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Covid treatment used by Trump authorized by FDA

Covid treatment used by Trump authorized by FDA

View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization for Regeneron‘s Covid-19 antibody treatment, the experimental therapy given to …

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Fender sales boom as guitar playing surges during the pandemic

Fender sales boom as guitar playing surges during the pandemic

Fender Musical Instruments’ CEO Andy Mooney says a boom in guitar sales is happening during the coronavirus pandemic. Henry Diltz Business was looking pretty grim for Fender Musical Instruments Corp., the legendary guitar maker, when the coronavirus pandemic reached U.S. shores last March. Suddenly, 90% of its worldwide dealers’ physical …

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The economics of drilling in the Arctic

The economics of drilling in the Arctic

The Arctic is not a barren, frozen wasteland. It’s home to some of the most unique ecosystems in the world. More than this: it’s home to people. Those people are at the center of the controversy over drilling for oil in the Arctic. The Trump administration is now starting the …

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5 U.S. agencies tell employees they can get vaccine in 8 weeks

5 U.S. agencies tell employees they can get vaccine in 8 weeks

Vials of coronavirus disease (COVID-19) vaccine candidate BNT162b2 are sorted at a Pfizer facility in Puurs, Belgium in an undated still image from video. Pfizer | Reuters Five federal agencies have started telling employees they could receive Pfizer or Moderna’s Covid-19 vaccine in as little as eight weeks as the …

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Pfizer will apply for FDA emergency use authorization

Pfizer will apply for FDA emergency use authorization

Pfizer and BioNTech will apply Friday for an emergency use authorization from the Food and Drug Administration for their coronavirus vaccine. If Pfizer’s application is approved, the vaccine will likely be limited and rolled out in phases, with health-care workers, the elderly and people with underlying health conditions getting the …

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WHO tells doctors don’t use Gilead’s remdesivir, splitting with FDA

WHO tells doctors don't use Gilead's remdesivir, splitting with FDA

A lab technicians shows the coronavirus disease (COVID-19) treatment drug “Remdesivir”. Amr Abdallah Dalsh | Reuters A World Health Organization panel advised doctors Thursday against using Gilead Sciences‘ antiviral drug remdesivir as a treatment for patients hospitalized with Covid-19, saying there is currently “no evidence” that it improves survival or …

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HHS launches program using rapid test deployed by NBA

HHS launches program using rapid test deployed by NBA

The Department of Health and Human Services said Thursday it has launched a pilot program with five states to introduce a rapid, point-of-care Covid-19 test, using the same diagnostics the National Basketball Association employed to finish its season. The pilot program — adopted by Florida, Louisiana, New Jersey, Texas and …

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WuXi Biologics CEO predicts approval for Covid-19 antibody treatment

WuXi Biologics CEO predicts approval for Covid-19 antibody treatment

Chris Chen, chief executive officer at China’s WuXi Biologics, expects approval for a Covid-19 antibody treatment either “late this year or early next year, ” he told CNBC. WuXi Biologics, which sells outsourced laboratory and manufacturing services to biotech companies, has signed several deals with clients to research antibodies for …

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States impose targeted restrictions ahead of Thanksgiving

States impose targeted restrictions ahead of Thanksgiving

A medical assistant wears a powered air purifying respirator (PAPR) hood as he collects a nasal swab sample from a patient at a drive-thru COVID-19 testing site operated by University of Utah Health at Rice-Eccles Stadium, as the coronavirus disease (COVID-19) outbreak continues in Salt Lake City, Utah, U.S., November …

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CDC failed to capture true toll of Covid on minorities

CDC failed to capture true toll of Covid on minorities

U.S. Senator Elizabeth Warren (D-MA) participates in a news conference with other Democratic Senators at the U.S. Capitol in Washington, October 20, 2020. Erin Scott | Reuters Sen. Elizabeth Warren is calling on the Centers for Disease Control and Prevention to clarify and revise its estimates for the risk posed …

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