The number of Americans filing new claims for unemployment benefits dropped to a 19-month low last week, the US Labor Department reported Thursday.
First-time filings for unemployment benefits totaled 290,000 for the week ending Oct. 16, down 6,000 from the previous week. It marks the second week in a row that claims fell below 300,000.
The US Food and Drug Administration (FDA) signed off Wednesday on extending COVID-19 boosters to the millions of Americans who received the Moderna Inc (Nasdaq: MRNA) or Johnson & Johnson (NYSE: JNJ) vaccines and said anyone eligible for an extra shot can mix and match doses from different drug providers.
Specifically, regulators amended the emergency use authorizations to permit a half dose of Moderna’s vaccine as a booster shot for seniors and others at high risk from the virus six months after their last shot.
Drugmaker Merck & Co Inc (NYSE: MRK) and its partner Ridgeback Biotherapeutics LP announced Monday that they have requested an emergency use authorization from the US Food and Drug Administration (FDA) for their oral antiviral COVID-19 treatment.
If approved, the pill, molnupiravir, would be the first oral therapy for COVID-19 and could be a potential breakthrough on how the virus is treated since all other FDA-backed treatments require an injection or IV.
United Airlines Inc (NYSE: UAL) announced Thursday plans to ramp up its December schedule to 3,500 domestic flights per day, the most its flown in the US since the COVID-19 pandemic began.
In anticipation of a strong holiday travel season, the Chicago-based carrier said it will boost its schedule on popular winter routes, particularly warm weather destinations and ski hot spots.
International Business Machines Corporation (NYSE: IBM) says all US-based employees must be fully vaccinated against COVID-19 by Dec. 8 or face unpaid suspension.
The Armonk, New York-based tech giant told workers last week that, as a government contractor, it must comply with the Biden administration’s vaccine mandate for large companies, federal workers and federal contractors, CNBC reported Thursday, citing an internal memo.
Pfizer Inc (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced Thursday they have asked the US Food and Drug Administration (FDA) to expand their COVID-19 vaccine’s emergency use authorization to cover children ages five to 11.
If authorized, this would be the first coronavirus vaccine authorized for younger children. Currently, the Pfizer-BioNTech shots are only approved in the US for people ages 16 and up and in the EU for people ages 12 to 15.
The Centers for Disease Control and Prevention on Thursday endorsed booster shots for millions of older or otherwise vulnerable Americans, opening a major new phase in the U.S vaccination drive against COVID-19.
CDC Director Dr. Rochelle Walensky signed off on a series of recommendations from a panel of advisers late Thursday.
The ongoing semiconductor shortage is now expected to cost the global automotive industry $210 billion in revenue this year, according to global consulting firm AlixPartners.
The forecast released Thursday is almost double the firm's previous projection of $110 billion made in May.
Food delivery service DoorDash Inc (NYSE: DASH) will now support delivery of beer, wine and spirits across 20 US states, the District of Columbia, Canada and Australia, a move the company said could enable it to reach 100 million+ customers.
In a press release Monday, DoorDash said customers of legal age can toggle to the alcohol tab of its app to order drinks from a selection of restaurants, grocery stores, convenience stores and local retailers in markets that permit alcohol delivery.
CVS Health Corporation (NYSE: CVS) plans to fill as many as 25,000 clinical and retail jobs nationwide ahead of the flu season and as the US prepares to roll out COVID-19 booster shots.
On Monday, the largest pharmacy chain by number of stores said that most of the openings are for temporary, full-time and part-time licensed pharmacists, trained pharmacy technicians, nurses and retail workers.
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