Senator Elizabeth Warren, a Democrat from Massachusetts, has publicly accused Federal Reserve Chair Jerome Powell of bowing to the demands of the financial industry. According to reports obtained by CNBC, Warren criticized Powell for allegedly advocating to cut in half the increase in capital that large American banks would be required to hold under the
Business
Merck’s newest vaccine, Capvaxive, has recently gained FDA approval for its effectiveness in protecting adults against pneumococcus bacteria. This bacteria is known for causing serious illnesses, including pneumonia, which can be life-threatening. Capvaxive specifically targets 21 strains of the bacteria, offering a unique defense mechanism against pneumococcal disease. This distinguishing feature sets it apart from
The latest installment in the beloved animated film franchise, “Inside Out 2”, has taken the box office by storm, raking in a whopping $155 million domestically during its opening weekend. This impressive performance marks the second-highest theatrical opening for an animated film and signals a significant triumph for Disney and Pixar. After facing challenges following
NASA recently announced that Boeing’s Starliner capsule “Calypso” will be staying at the International Space Station for a longer duration than originally planned. This extension in mission duration is due to the developmental nature of the mission, known as Boeing’s crew flight test. The company, along with NASA, is utilizing this opportunity to conduct a
The Pentagon recently revealed the first winners in its rocket launch contract sweepstakes, and one of the recipients was Jeff Bezos’ Blue Origin. This marks the first time that Blue Origin has secured a spot as a winning bidder in the Pentagon’s $5.6 billion National Security Space Launch program. Alongside Blue Origin, Elon Musk’s SpaceX
GameStop’s annual shareholder meeting faced significant disruptions due to technical difficulties on Thursday. The meeting, scheduled to start at 11 a.m. ET and hosted on ComputerShare, experienced server crashes as attendees tried to access the event. Many individuals received error messages indicating that the page couldn’t load. The overwhelming interest in the stream caused the
The hotly contested world of competitive eating took an unexpected turn recently when Major League Eating announced that 16-time champion Joey “Jaws” Chestnut would no longer be a part of the Nathan’s Famous Fourth of July hot dog eating contest. This decision came as a shock to many fans who have followed Chestnut’s illustrious career
The recent investigation into United Auto Workers President Shawn Fain by federal monitor, Neil Barofsky, has raised serious concerns about potential abuse of power within the union leadership. The court filing reveals accusations of obstruction and interference with the investigation, suggesting a possible violation of the 2020 consent decree between the UAW and the U.S.
Moderna made a groundbreaking announcement on Monday, revealing the success of its combination vaccine that targets both Covid-19 and the flu. This innovative approach has proven to be more effective than existing standalone shots for these viruses in a late-stage trial, setting Moderna apart from its competitors Pfizer and Novavax. The biotech company’s phase three
The Covid-19 pandemic has significantly impacted the child care sector, bringing to light both vulnerabilities and strengths in the American economy. As day cares closed, schools shifted to remote learning, and parents tried to balance work with child care responsibilities, the sector faced a myriad of challenges. While employment levels in the child care industry