Mainland China’s move away from its zero-Covid policy has led to a sharp surge in infections, and the resumption of travel means some are looking farther afield for vaccines. In mid-December, China’s full Covid vaccination rate stood near 87%, with 54% boosted. The main Covid vaccines […]
Day: January 20, 2023
Jim Cramer’s Investing Club meeting Tuesday: Microsoft, health care, Emerson Electric
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Reduce exposure to tech Watch for health care buying opportunity Eyeing an industrial play 1. Reduce exposure to tech Stocks […]
New weight loss drugs trending with billionaires and celebrities are about to enter more American homes
It’s not only the GLP-1 drugs that are helping celebrities and the wealthy, but also their ability to receive high quality clinical and obesity care that helps them lose the weight, according to Zachariah Reitano, the co-founder and CEO of telehealth company Ro. That’s why […]
FTC asks judge to hold ‘pharma bro’ Martin Shkreli in contempt of court for forming new drug firm
The Federal Trade Commission on Friday asked that notorious “pharma bro” Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge’s ban on the convicted fraudster from working in the pharmaceuticals industry. Shkreli, who was released […]
Philip Esformes, whose prison sentence Trump commuted, loses appeal and faces retrial on health-care fraud charges
“Rather, the Court held that – as an appellate court – it lacked the necessary jurisdiction to decide the clemency argument at this point in time, expressly stating that it was not reaching the merits of the argument,” Watterson said. Esformes’ effort to have his […]
OECD chief says China’s reopening ‘overwhelmingly positive’ to help tackle global inflation crisis
WATCH LIVE OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation. “We certainly very much welcome the easing of Covid related restrictions in China,” Cormann told CNBC’s Joumanna Bercetche at the World Economic Forum […]
One of the UK’s largest unions announces 10 more days of strikes
LONDON — One of the U.K.’s largest unions on Friday announced 10 further days of strike action over the coming weeks, as a standoff between the government and ambulance workers intensifies. More than 2,600 ambulance workers in Wales and the West Midlands, North West, North […]
Trending billionaire and celebrity GLP-1 weight loss drugs are about to enter more American homes
It’s not only the GLP-1 drugs that are helping celebrities and the wealthy, but also their ability to receive high quality clinical and obesity care that helps them lose the weight, according to Zachariah Reitano, the co-founder and CEO of telehealth company Ro. That’s why […]
China should set aside politics and look at Covid jab imports, world’s largest vaccine maker says
WATCH LIVE China needs to move past political considerations and look at importing Covid-19 jabs to end the pandemic globally, according to the chief executive of the world’s latest vaccine manufacturer. “They need to open themselves up to healthcare and vaccines from the West and […]
China’s reopening ‘good news’ for growth — but could be inflationary, economists warn at Davos
DAVOS, Switzerland — China’s economic reopening might boost global growth, but the business leaders and policymakers at the World Economic Forum this week are also a little anxious on its potential inflationary impact. China’s decision to welcome tourists again as well as to make it […]