COVID

A child in Alameda County, California is the latest case of bird flu in the U.S. According to the Los Angeles Times, the total case count in the U.S. stands at 54. Thirty-one cases are attributed to the dairy industry and 21 to the poultry industry. Two of the case’s causes are unknown....

Bill Gates, co-founder of Microsoft, has addressed the widespread conspiracy theory that accuses him of implanting microchips in COVID-19 vaccines. What Happened: Gates was once confronted by a woman who believed in this theory. To this, Gates responded, “I really don’t need to track...

On Friday, Pfizer Inc. (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) released topline results from the Phase 3 trial of the combined mRNA vaccine candidate against influenza and COVID-19 in healthy individuals 18-64 years of age. The combination candidate comprises Pfizer’s mRNA-based...

AstraZeneca Plc (NASDAQ:AZN) is reportedly reconsidering its planned $578.4 million (450 million pounds) investment in a new vaccine-manufacturing site, a departure from CEO Pascal Soriot‘s previous statement that the company was “absolutely ready to go.” What Happened: The UK...

Long Covid continues to evade clear diagnostic testing, as researchers from the National Institute of Health’s RECOVER Initiative revealed in a study published in the Annals of Internal Medicine. Despite examining data from over 10,000 patients across 83 clinical sites, the study found no...

Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is working from home. What Happened: Powell, 71, tested positive for COVID-19 Thursday and is experiencing symptoms, a Fed spokesperson said in an emailed statement, according to Reuters. He is adhering to the guidance of the...

Tesla Inc. CEO Elon Musk expressed surprise at the Biden administration's alleged censorship of the COVID lab leak theory on social media platforms, including Mark Zuckerberg's Meta Platforms Inc. and Alphabet Inc.'s YouTube, apart from Amazon.com Inc. What Happened: The tech billionaire took to X...

Gritstone bio Inc (NASDAQ:GRTS) shares are trading lower after the company announced an approximately 40% reduction of its workforce.  The move comes following the recently announced delay of the proposed CORAL Phase 2b study, which resulted in Gritstone not receiving the external...

China’s domestic tourism spending during the Lunar New Year has surpassed pre-pandemic levels, indicating a significant recovery in the country’s tourism sector. What Happened: Tourism spending during the Lunar New Year in China has exceeded the pre-COVID levels. The official data...

Humanigen (OTC:HGEN) has filed for bankruptcy likely as a result of the U.S. Food and Drug Administration’s (FDA) rejection of its COVID-19 drug, lenzilumab. The company, previously linked with disgraced pharmaceutical entrepreneur Martin Shkreli, reported unsecured debts of $44.1 million...

Recent findings from a Federal Reserve study have raised concerns about the potential for an economic downturn in the United States. These findings suggest that the majority of American households are rapidly depleting the excess savings they had accumulated during the Covid-19 pandemic. The study...

The Federal Reserve has recorded over $100 billion in losses, according to data released by the central bank. These losses are projected to increase significantly. What Happened: The U.S. Federal Reserve is paying out more in interest costs than its earnings from bond interests and financial sector...

The first lady, Jill Biden, has tested positive for COVID-19, according to a statement from an official. What Happened: Elizabeth Alexander, the first lady’s communication director, said on Monday, “This evening, the First Lady tested positive for COVID-19.  She is currently...

Key Takeaways: Junshi Biosciences reported dismal results in the first quarter, with operating income plunging nearly 60% and its net loss expanding by 37% Hopes of a big revenue boost from an oral Covid drug have been dashed, and the company may not recoup its investment in the short term By...

Bitcoin’s (CRYPTO: BTC) correlation with equities has been significantly declining as the world moves further from the peak of the COVID-19 pandemic, according to a new report. The analysis by NYDIG, a Bitcoin services company, makes a case for Bitcoin's value in portfolio construction...