The Food and Drug Administration has approved Johnson & Johnson‘s Covid-19 vaccine for emergency use, giving the United States a third tool to fight the pandemic as highly contagious variants start to take root across the country. The FDA’s emergency use authorization Saturday kickstarts the federal government’s plan to distribute nearly 4 million doses of
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Private space companies are paving the industry’s path to profits, says the man behind the Procure Space ETF (UFO). By taking part in the rapidly developing “space race,” billionaire-backed entities such as Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin are lowering costs across the board, ProcureAM CEO Andrew Chanin told CNBC’s “ETF Edge” this
U.S. Senate Minority Leader Chuck Schumer, joined by Speaker of the House Nancy Pelosi, speaks to reporters in the U.S. Capitol in Washington, July 29, 2020. Erin Scott | Reuters The House of Representatives passed President Joe Biden’s $1.9 trillion stimulus package, teeing up what is expected to be days of debate and political deal-making
Roblox CEO David Baszucki Roblox Roblox is counting on adults to buy its stock when the company goes public next month. But it also wants them as customers. Roblox has become one of the top-grossing apps on Apple and Google devices through its millions of user-created games that allow kids to hang out with their
The 10-year U.S. Treasury yield retreated on Friday morning, but remained above the 1.4% mark, after surging to 1.6% in the previous session. The yield on the benchmark 10-year Treasury note dipped to 1.489% at 3:30 a.m. ET. The yield on the 30-year Treasury bond fell to 2.276%. Yields move inversely to prices. On Thursday,
Workers assemble a Boeing 787 Dreamliner airplane at the Boeing Everett Factory in Everett, Washington. Patrick T. Fallon | Bloomberg | Getty Images The Federal Aviation Administration on Thursday said it fined Boeing $5.4 million after the manufacturer failed to meet the terms of a 2015 settlement and another $1.21 million to settle two other
The 10-year U.S. Treasury yield held above the 1.4% level on Thursday morning, ahead of the U.S. Department of Commerce releasing its second estimate for fourth-quarter gross domestic product. The yield on the benchmark 10-year Treasury note climbed to 1.434% at 3:50 a.m. ET. The yield on the 30-year Treasury bond rose to 2.296%. Yields
Exterior of the Lucid Air sedan, which debuted Sept. 9, 2020 as the company’s first production vehicle. Lucid Shares of Churchill Capital IV continued to plummet for a second consecutive day Wednesday after announcing a deal Monday night to bring electric vehicle firm Lucid public through a reverse merger. Shares were down by as much
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images The mystery of what happened to critical evidence proving Theranos’ blood-testing technology didn’t work deepened
Rocket 3.2 launches from Kodiak, Alaska. Astra / John Kraus Rocket builder Astra is preparing to go public in the second quarter, taking on a crowded field of competitors while aiming for daily deliveries to space by 2025. CEO Chris Kemp spoke to CNBC this month about the company’s plans for its upcoming cash infusion.
A man stands near a Cuban National flag at the Melia Varadero International Hotel in Matanzas Province, on October 23, 2020. Varadero, Cuba’s most important beach resort, is reopening to international tourism, amid the coronavirus pandemic. YAMIL LAGE | AFP | Getty Images Cuba’s most advanced Covid-19 vaccine candidate is scheduled to enter late-stage clinical
Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak after a press conference on Capitol Hill in Washington, DC. Tasos Katopodis | Getty Images President Joe Biden’s $1.9 trillion stimulus package advanced out of the House Budget Committee on Monday and is now set for a full House vote
Residents take pictures of debris fallen from a United Airlines airplane’s engine on the neighborhood of Broomfield, outside Denver, Colorado, on Feb. 20, 2021. A United Airlines flight suffered a fiery engine failure Feb. 20, shortly after taking off from Denver on its way to Hawaii, dropping massive debris on a residential area before a
US National Security Adviser Jake Sullivan speaks during a press briefing on February 4, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images WASHINGTON – White House National Security Advisor Jake Sullivan said Sunday that the United States has started speaking with Iran over
Bitcoin’s long-term outlook is brightening, according to Ark Invest’s Cathie Wood. The CEO and chief investment officer of the explosively popular active management firm told CNBC this week that the cryptocurrency’s catalysts are adding up as it soars to unprecedented new highs. “I think the probability of an ETF has gone up,” Wood told CNBC’s
Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Tesla CEO Elon Musk said Saturday that bitcoin prices “seem high” after the cryptocurrency surged to another record high this week. The price of bitcoin, the world’s
Scientist Michael Mann argued that the United States must go “well beyond those Paris commitments” as President Joe Biden rejoined the Paris Climate Agreement Friday. “We have to ratchet up the commitments now if we are to stay on course to averting a catastrophic three degree Fahrenheit warming,” said Mann, the author of “The New
[The stream is slated to start at 3:15 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is speaking Friday at Pfizer‘s Covid-19 vaccine manufacturing plant in Kalamazoo, Michigan as his administration works to ramp up the supply of doses in the U.S. Earlier