Waiving intellectual property protections for Covid-19 vaccines will not help to address the global supply shortage, the co-founder of a Massachusetts-based biopharmaceutical company told CNBC. The push for patent waivers is “political theater” and does not inherently allow others to create safe and effective vaccines, which are already very difficult to make, said Jake Becraft,
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In this article SBUX People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images Starbucks has changed its policy for wearing masks inside its cafes
Johnson & Johnson’s coronavirus disease (COVID-19) vaccines are seen at Northwell Health’s South Shore University Hospital in Bay Shore, New York, March 3, 2021. Shannon Stapleton | Reuters President Joe Biden on Monday will announce that the U.S. plans to send millions of additional coronavirus vaccine doses to foreign countries still being battered by the
Eric Homer, 14, receives a coronavirus disease (COVID-19) vaccination at a vaccine clinic for newly eligible 12 to 15-year-olds in Pasadena, California, May 14, 2021. Lucy Nicholson | Reuters U.S. Covid case counts fell further over the weekend, with data compiled by Johns Hopkins University showing the nationwide average at about 33,200 new cases per
Family members of Vijay Raju, who died due to the coronavirus disease (COVID-19), mourn before his cremation at a crematorium ground in Giddenahalli village on the outskirts of Bengaluru, India, May 13, 2021. Samuel Rajkumar | Reuters The global pandemic isn’t over yet despite high Covid-19 vaccination rates in some countries, the head of the
Dr. Scott Gottlieb said Monday he expects more Americans to stop wearing face coverings to protect against the coronavirus in the coming weeks. “By June, nobody is going to be wearing masks. By June, I think, the prevalence [of Covid] is going to be sufficiently low in this country [and[ we’re just not going to be concerned
In this article WMT Source: Walmart From here on out, for Walmart, it’s all about customer retention and loyalty. One of the tools it will use to do that is Walmart+, a subscription service that the company launched in September. Walmart is expected to give a progress report on the program when it reports earning
The chairman of Dubai’s flagship airline is optimistic about a return to travel between the United Arab Emirates and the U.K. — one of its top tourism and investment partners — even as a new Covid-19 variant threatens to complicate reopening plans. The mostly-expatriate desert sheikhdom of roughly 10 million has been on the U.K.’s
A man with his dog enjoy a sunny day in Central Park, New York, as the CDC relaxes mask mandates for those who are vaccinated. Adam Jeffery | CNBC New York state will adopt the Centers for Disease Control and Prevention’s new mask guidance for fully vaccinated people starting Wednesday, Gov. Andrew Cuomo said Monday.
President Joe Biden delivers remarks on the COVID-19 response and the vaccination program in the East Room at the White House in Washington, DC on May 17, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden warned Monday that coronavirus case numbers could rise once again in U.S. states with low Covid-19 vaccination
Coronavirus has rocked the nation with a year of restrictions, lockdowns, missed gatherings and events, isolation and a staggering loss of more than half a million American lives. As the pandemic stretches into a second year, Americans struggling with increased rates of depression, anxiety, and insomnia are looking for mental health support, and providers are
In this article AZN-GB Ursula von der Leyen, European Commission president. Bloomberg | Bloomberg | Getty Images LONDON — European Commission President Ursula von der Leyen said it herself: “The start was tough.” The European Union has had a bumpy Covid-19 vaccine rollout. The campaign has prompted complaints that regulators were too slow to approve
In this article FB QS U.S. President Joe Biden speaks about his $2 trillion infrastructure plan during an event to tout the plan at Carpenters Pittsburgh Training Center in Pittsburgh, Pennsylvania, March 31, 2021. Jonathan Ernst | Reuters The CEOs of three companies in the electric vehicle and semiconductor industries reacted Thursday to President Joe
In this article M AMZN KSS WMT TGT MAC Macerich’s Paradise Valley Mall in Phoenix, AZ. Google Earth The future of the suburban shopping mall could look something like a mini community, with far fewer places to shop. The U.S. mall owner Macerich announced Thursday it’s sold a majority stake in Paradise Valley Mall in Phoenix
In this article GM General Motors employees work on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors General Motors CFO Paul Jacobson is “increasingly confident” the automaker will hit its earnings targets for the year despite a global shortage of semiconductor chips that’s forced
In this article 6758.T-JP Paul Simon performs onstage during The Nearness Of You Benefit Concert at Frederick P. Rose Hall, Jazz at Lincoln Center on January 20, 2015 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Sony Music Publishing announced Wednesday that it acquired Paul Simon’s entire song catalog,
In this article PG GIS SJM KMB Huggies on display at an Albertson’s grocery store in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Kimberly-Clark said Wednesday that it would hike prices on staples like Scott toilet paper and Huggies diapers, joining the growing list of consumer products companies that are raising prices. Higher
In this article ZE594-CN Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese electric car company BYD is feeling the hit of rising battery material costs. Backed by U.S. billionaire Warren Buffett, the automaker announced
CNBC’s Jim Cramer said Tuesday he was skeptical about the latest exchange-traded fund launched by Cathie Wood’s Ark Invest. “One look at the newly launched ARK Space Exploration ETF tells you everything you need to know about how managers can’t resist creating new funds, even if there’s no reason for them to exist,” Cramer said
SpaceX The latest SpaceX prototype of its Starship rocket was destroyed during a landing attempt after a clean launch on Tuesday. The company’s livestream of the flight test froze as the rocket came in to land, and thick fog around SpaceX’s facility in Texas made it difficult for witnesses to see what happened. Starship prototype