FDA advisers back Novavax COVID-19 shots as new option
Novavax shots are already used in Australia, Canada, parts of Europe and dozens of other countries. But U.S. clearance is a key hurdle for the Maryland-based company.
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Facing huge inventory, Target cuts vendor orders, prices
Target is canceling orders from its suppliers, particularly in home and clothing, while slashing prices of goods in a bold move to clear out mounds of unwanted inventory ahead of the critical fall and holiday shopping seasons.
Kohl’s stock surges on buyout talks with Franchise Group
Shares of Kohl’s rose as much as 12% Tuesday morning after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.
Amid crypto turmoil, senators propose sweeping oversight
Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures.
New York latest state to target Amazon’s use of productivity quotas
A report released in April by Strategic Organizing Center, a coalition of four labor unions, found Amazon employed 33% of all U.S. warehouse workers in 2021, but was responsible for 49% of all injuries in the industry.
Apple offers glimpse at upcoming changes to iPhone software
Apple on Monday provided a peek at upcoming tweaks to the software that powers more than 1 billion iPhones and rolled out two laptops that will be the first available with the next generation of a company-designed microprocessor.
Biden waives solar panel tariffs, seeks to boost U.S. production
White House officials said President Biden’s actions aim to increase domestic production of solar panel parts, building installation materials, high-efficiency heat pumps and other components like cells used for clean-energy generated fuels.
Bidding war for Spirit Airlines heats up ahead of vote
JetBlue said Monday that it will now provide a $350 million reverse break-up payable to Spirit if a deal between the two isn’t completed for antitrust reasons.
Musk threatens to walk away from Twitter deal
Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
Abbott restarts baby formula plant linked to contamination
The February shutdown of the largest formula factory in the country led to the supply problems that have forced some parents to seek formula from food banks, friends and doctor’s offices.
Inflation divide: Wealthy splurge, while poorest pull back
While wealthier shoppers continue to splurge, low-income shoppers have pulled back faster than expected in the past two months. They’re focusing on necessities while turning to cheaper items or less expensive stores. And they’re buying only a little at a time.
Indiana court strikes down emergency law fought by governor
The Indiana Supreme Court on Friday threw out a law that gave state legislators increased power to intervene during public health emergencies, agreeing with arguments from Gov. Eric Holcomb that the move violated the state constitution.
Democrats, Republicans fight to a redistricting stalemate
After nearly a year of partisan battles, number-crunching and lawsuits, the once-a-decade congressional redistricting cycle is ending in a draw.
U.S. added 390,000 jobs in May as hiring remained robust
The job growth in May was high enough to keep the Federal Reserve on track to pursue what’s likely to be the fastest series of rate hikes in more than 30 years.
Hiring might have slipped last month to a still-strong level
The May jobs report the government will issue Friday coincides with inflation near a four-decade high and worries about higher borrowing rates and a potential recession roiling the stock market.
Local governments turn away $73M of federal pandemic aid
The declined money ranged from $177 for the one-person village of Monowi, Nebraska, to $3.9 million for DeWitt County, Texas, population about 20,000.
Novavax hopes its COVID shot wins over FDA, vaccine holdouts
Americans might soon get a new COVID-19 vaccine option—shots made with a more tried-and-true technology than today’s versions.
Black coaches now lead 50% of National Basketball Association teams
It’s been a transformative year for the NBA when it comes to diversity within the coaching ranks. In the last 12 months, eight coaching jobs have been filled by Black candidates.
Ex-Pence aide seeks to lead Indiana elections office that fired him
A former Mike Pence aide seeking to oust Indiana’s Republican secretary of state is embracing Donald Trump’s claim that the 2020 election was stolen while also fending off criticism about twice leaving jobs in that office after being written up for poor job performance.
Stellantis lands lithium hydroxide supply for EV batteries
Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America.