UK approves Covid-19 booster vaccine targeting Omicron

UK approves Covid-19 booster vaccine targeting Omicron

The UK became the first country to approve Moderna Inc.’s Omicron targeted Covid-19 vaccine as a booster shot, paving the way for the variant shot to play a role in a planned autumn vaccination campaign to boost the immune system against the virus. The so-called bivalent vaccine targets both the original strain of SARS-CoV-2, the … Read more

UK approves Moderna’s Covid-19 vaccine targeting Omicron

UK approves Moderna’s Covid-19 vaccine targeting Omicron

Moderna’s vaccine triggered a strong immune response against both Omicron BA.1 and the original strain of the Covid-19 virus. Photo: Danny Lawson/Zuma Press The UK became the first country to approve Moderna Inc.’s Omicron targeted Covid-19 vaccine as a booster shot ahead of a planned autumn vaccination campaign to strengthen the immune system against the … Read more

China’s growth slows across all fronts in July, prompting an unexpected rate cut

China’s growth slows across all fronts in July, prompting an unexpected rate cut

SINGAPORE – China’s economy stumbled in July as a two-month boost from the easing of lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in a bid to support faltering growth. A series of data released Monday showed economic activity slowed across the board in July, including factory output, investment, … Read more

China’s growth slows across all fronts in July, prompting an unexpected rate cut

China’s growth slows across all fronts in July, prompting an unexpected rate cut

SINGAPORE – China’s economy stumbled in July as a two-month boost from the easing of lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in a bid to support faltering growth. A series of data released Monday showed economic activity slowed across the board in July, including factory output, investment, … Read more

Japan’s economy recovers in the second quarter

Japan’s economy recovers in the second quarter

TOKYO—Japan’s economy regained its pre-pandemic size in the April-June quarter with strong consumption after pandemic-related movement restrictions were lifted. The world’s third-largest economy after the US and China grew 0.5% in the three months to June from the previous quarter. That compares with a flat reading in the previous quarter and consensus forecasts for a … Read more

Novavax’s Covid-19 vaccine is gaining the support of CDC advisers

Novavax’s Covid-19 vaccine is gaining the support of CDC advisers

An advisory panel from the Centers for Disease Control and Prevention voted to recommend the use of Novavax Inc.’s Covid-19 vaccine, one of the last obstacles before the shot is made widely available in the United States Members of the Advisory Committee on Vaccination Practices voted 12-0 on Tuesday – unanimously – to recommend Novavax’s … Read more

Johnson & Johnson trims year-round guidance on stronger dollars

Johnson & Johnson trims year-round guidance on stronger dollars

Johnson & Johnson reported a decline in profits for the most recent quarter and reduced its full-year sales and earnings expectations as stronger US dollars, macroeconomic pressures and the Covid-19 pandemic hit the healthcare product company’s results. The New Brunswick, NJ-based firm that manufactures Tylenol and Band-Aid, said Tuesday that inflation has contributed to an … Read more

Will Biden and Fauci consider leaving by 2025?

Will Biden and Fauci consider leaving by 2025?

One closed the country and the other campaigned as a shut-in. Two lifeguards from Beltway, who promoted the disastrous lockdown policy of the Covid era, appear to be on their way out of Washington. And even left-leaning media people seem ready to see them take off. The news that Dr. Anthony Fauci will finally end … Read more

Shanghai, Tianjin Order a new round of Covid-19 mass tests

Shanghai, Tianjin Order a new round of Covid-19 mass tests

HONG KONG – Two of China’s largest cities ordered residents to undergo mass Covid-19 tests this week, highlighting the risk that new eruptions could trigger new and economically costly shutdowns. Authorities in Tianjin, a northeastern metropolis of more than 13 million people, ordered nationwide tests on residents to screen for coronavirus infections from Monday night … Read more

Cartier owner, Burberry hit by China’s Covid-19 lockdowns

Cartier owner, Burberry hit by China’s Covid-19 lockdowns

Covid-19 lockdowns in China took away the luster of quarterly earnings Burberry Group PLC and Richemont Financial Company with both luxury giants reporting steep sales declines in the critical market for high-end products. Chinese authorities earlier this year imposed strict lockdowns in Shanghai and other cities, restricting residents to their homes and forcing many businesses … Read more