MILAN, Italy (Project Syndicate) entCentral banks’ efforts to contain high and rising inflation are fueling headwinds to growth and are threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side…
The Food and Drug Administration and the Centers for Disease Control and Prevention have both authorized Pfizer PFE, + 2.99% and Moderna’s MRNA, + 0.71% COVID-19 vaccines for kids under 5, and the Biden administration said that 10 million initial COVID vaccination doses could start being administered to young children beginning Tuesday, June 21. The…
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The Food and Drug Administration took the advice of a panel of advisers and authorized the COVID-19 vaccines developed by BioNTech and Pfizer and by Moderna for children as young as 6 months on Friday, adding the final group to the nation’s vaccine program. The regulator said Moderna’s MRNA The two-dose vaccine is now authorized…
What can be done to prevent shortages of baby formula, tampons and other consumer products? The US Senate’s Competition Policy, Antitrust, and Consumer Rights Subcommittee held a hearing this week to look at the baby-formula market in the US, and broader issue of supply-chain issues. A national infant formula shortage has forced some desperate parents…
A day after a panel of advisers to the Food and Drug Administration endorsed a second brand of COVID-19 vaccine for school-age children and teens, the same panel will reconvene to discuss vaccines for children under the age of five, the final group to be added to the US program. The group voted unanimously that…
An independent panel of advisers to the Food and Drug Administration will meet later Tuesday to discuss the use of the Moderna vaccine in children aged 6 to 17. If the panel offers a favorable opinion, the Moderna MRNA, + 2.18% The vaccine could become a second choice for children in that age group, along…
House prices have been ballistic over the last two years, in part due to a big shortage in housing materials. A new report lays out what elements actually go into building a home, highlighting how complicated – and expensive – the process can get. “In the last three years, the cost to build a home…
Read More “The ‘cost to build a home in the US has risen at an unprecedented rate,’ says BofA” »
Stocks turned higher Thursday, shrugging off earlier weakness, after Microsoft Corp. cut its fourth-quarter guidance ahead of the opening bell, citing the toll taken by a surging US dollar. Investors were also digesting comments from several Federal Reserve officials, labor-market data and a decision by OPEC + members to boost daily oil production. How are…
There was excitement in Shanghai Tuesday after officials said they would take some major steps Wednesday toward reopening and ending the two-month COVID-19 lockdown in China’s largest city that has kept most residents confined to their homes. Full bus and subway service will be restored as will basic rail connections with the rest of China,…
