The chief medical officer of BioNTech told CNBC on Wednesday that people will likely need a third shot of its two-dose Covid-19 vaccine as immunity against the virus wanes, agreeing with previous comments made by Pfizer CEO Albert Bourla. Dr. Ozlem Tureci, the co-founder and CMO of BioNTech, which developed […]
CNBC News
GOP lawmaker leads colleagues in swearing off Big Tech campaign donations
Representative Ken Buck, a Republican from Colorado, speaks during a panel discussion at the Conservative Political Action Conference (CPAC) in Orlando, Florida, on Saturday, Feb. 27, 2021. Elijah Nouvelage | Bloomberg | Getty Images The top Republican on the House Judiciary subcommittee on antitrust is leading six of his peers […]
Priced in? Stocks that top estimates are falling during this earnings season
Traders on the New York Stock Exchange. Source: NYSE Many companies are turning in stronger-than-expected quarterly earnings, but that’s doing nothing to boost their stock prices. In fact, the 67 S&P 500 companies that have beaten bottom-line earnings estimates this reporting season have actually averaged a one-day drop of 0.62% […]
UiPath climbs 17% in stock market debut after one of largest US software IPOs in history
Co-founder and CEO of UiPath Daniel Dines speaks on stage at TechCrunch Disrupt Berlin 2019 at Arena Berlin on December 12, 2019 in Berlin, Germany. Noam Galai | Getty Images UiPath rose 17% in the company’s stock market debut on Wednesday after the software vendor and its investors reeled in […]
Tesla vice president of legal Al Prescott leaves to join Luminar, a lidar company
Tesla‘s longstanding vice president of legal and acting general counsel, Al Prescott, has left the electric vehicle and renewable energy company to join Luminar, a lidar start-up. The move is noteworthy in many ways. For one, Tesla CEO Elon Musk has long insisted that lidar technology, or light ranging and […]
The brother of a top Biden advisor lobbied the White House this year on behalf of big health care companies
The brother of one of President Joe Biden’s leading advisors started lobbying the White House earlier this year on behalf of several prominent health care companies as the administration began its efforts to combat the Covid pandemic. Jeff Ricchetti, the brother of longtime Biden advisor and White House counselor Steve […]
Dow rises 200 points as economic recovery plays rebound
U.S. stocks rose on Wednesday led by a rebound in cyclical names as equities tried to recover from two straight days of losses. The S&P 500 inched up 0.4%, while the Dow Jones Industrial Average gained 200 points. The tech-heavy Nasdaq Composite gained 0.3%. Shares of Norwegian Cruise Line Holdings […]
Attorney General Merrick Garland announces probe of Minneapolis Police Department after Chauvin conviction
Attorney General Merrick Garland on Wednesday announced that the Department of Justice is launching an investigation into the practices of the Minneapolis Police Department. “The investigation I am announcing today will assess whether the Minneapolis Police Department engages in a pattern or practice of using excessive force, including during protests,” […]
Attorney General Merrick Garland to announce probe of Minneapolis police department after Chauvin conviction
U.S. Attorney General Merrick Garland speaks during an event on gun control in the Rose Garden at the White House April 8, 2021 in Washington, DC. Alex Wong | Getty Images Attorney General Merrick Garland on Wednesday will announce that the Department of Justice is launching an investigation into the […]
S&P 500 opens flat after two days of losses, Netflix shares drop
Reed Hastings, chief executive officer of Netflix Inc. Akio Kon | Bloomberg | Getty Images The S&P 500 held steady on Wednesday as equities tried to recover from two straight days of losses. The broad equity benchmark inched up 0.1%, while the Dow Jones Industrial Average gained 100 points. The […]