Novavax confident Covid vaccine will receive FDA authorization in June after delays
If the FDA committee endorses Novavax's shot, the drug regulator is almost certain to rapidly authorize it for use in the U.S.
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Elon Musk can't just walk away from his Twitter deal by paying a $1 billion breakup fee
Musk can't just walk away from buying Twitter, despite a $1 billion reverse break fee attached to the deal.
Salesforce dumped rest of its Snowflake shares during first-quarter market plunge
Salesforce had $35 million worth of Snowflake shares at the end of 2021, and sold them all in the fourth quarter, according to an SEC filing.
Twitter CEO expects Musk deal to close but is preparing for other scenarios
Twitter CEO Parag Agrawal said Friday that he still expects the deal to sell the company to Elon Musk will close.
U.S. Treasury prices slip as investors pile back into stocks
U.S. Treasury yields jumped on Friday as investors sold out of government bonds and looked to move back into stock markets.
Elon Musk says Twitter deal on hold pending details on fake accounts; shares sink 9%
In follow-up tweet around two hours later, he added that he was "still committed to the acquisition."
Leading House Democrat Bill Pascrell demands Biden replace IRS chief over tax document destruction 'scandal'
IRS boss Charles Rettig is under fire over the destruction of data related to millions of tax returns. President Joe Biden is being asked to replace him.
U.S. to boost baby formula imports to ease nationwide shortage after Abbott Nutrition recall
During the first week of May, 43% of baby formula supplies were out of stock at stores across the U.S., according to Datasembly.
United reaches new contract deal with pilots' union, the first of the major airlines in pandemic
United is the first major U.S. airline to reach an agreement with its pilots.
Powell says he can't guarantee a 'soft landing' as the Fed looks to control inflation
Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority.
Wholesale inflation rose 11% in April as producer prices keep accelerating
Producer prices were expected to increase 0.5% in April, according to economists surveyed by Dow Jones.
Why it’s bad news for the entire market when Apple has a big drop
Apple is now officially in a bear market alongside other technology giants.
Salesforce tells employees worried about abortion access that it will help them relocate
Salesforce and other tech companies have agreed to cover costs associated with traveling in order to get abortions or other critical care.
The stocks of several electric vehicle companies surged on Thursday
Beaten-up shares of several EV start-ups traded sharply higher on Thursday.
Federal Reserve Chair Jerome Powell confirmed by Senate for a second term
The Senate on Thursday voted to give Powell a second four-year run at the central bank's helm.
Jan. 6 probe subpoenas Republican House leader Kevin McCarthy, other lawmakers allied with Trump
The select committee investigating the Jan. 6 Capitol riot subpoenaed House Republican leader Kevin McCarthy and four other Trump-allied lawmakers.
Start-up investor Jason Calacanis raising millions of dollars for Musk’s Twitter deal
Jason Calacanis, who's known for early bets on companies like Uber and Robinhood, is pulling together funds to invest in Twitter.
10-year Treasury yield pulls back as investors rotate into bonds for safety
U.S. Treasury yields fell on Thursday morning, as investors digested hotter-than-expected inflation data, released in the previous session.
GM shares hit new 52-week low following Wells Fargo downgrade
Wells Fargo lowered GM's rating after market close Wednesday to "underweight" and cut the company's price target from $74 a share to $33 a share.
Twitter's market cap has dropped to $9 billion below Musk's purchase price as concerns about deal emerge
The sell-off in Twitter has brought its market cap below $35 billion, about $9 billion below Elon Musk's offer.
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