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Zoom In IconArrows pointing outwards Merck’s new pneumococcal vaccine. Courtesy: Merck The Food and Drug Administration on Monday approved Merck‘s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the drugmaker said. Merck’s shot, called Capvaxive, specifically protects against 21 strains

U.S. Treasury bond yields ticked higher Monday, following comments by Minneapolis Federal Reserve President Neel Kashkari indicating the central bank may not cut rates until December. The 10-year Treasury yield was trading more than 7 basis points higher at 4.289%. The 2-year Treasury note yield was also up around 6 basis points at 4.744%. Yields

Jeffrey Smith, CEO and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over a number of serious concerns involving its disclosures around an

Paul Nakasone, director general of the National Security Agency, testifies during a hearing of the Senate Select Committee on Intelligence about worldwide threats, on Capitol Hill in Washington, April 14, 2021. Saul Loeb | Pool | Reuters OpenAI on Thursday announced its newest board member: Paul M. Nakasone, a retired U.S. Army general and former

Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer Linda Dimyan | CNBC Adobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.48 adjusted, vs.

Tesla CEO Elon Musk is pictured during a visit at the company’s electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power outage.  Sebastian Gollnow | Getty Images Tesla’s annual meeting on

Tesla shareholders on Thursday voted to ratify CEO Elon Musk’s mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board. At Tesla’s annual meeting in Austin, Texas, the vote in support of the compensation plan, doesn’t override the

Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024.  Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the

As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change. This year’s hurricane season is already underway,

White House senior advisor Jared Kushner (C) sits alongside U.S. President Donald Trump (L) and Commerce Secretary Wilbur Ross (2nd L) as they prepare to meet with Saudi Arabia’s King Salman bin Abdulaziz Al Saud and the Saudi delegation at the Royal Court in Riyadh, Saudi Arabia May 20, 2017. Jonathan Ernst | Reuters In

U.S. Treasury yields fell again on Friday as data released this week pointed to easing inflation. The 10-year Treasury yield was trading around 4.211%, down nearly 3 basis points. The 2-year Treasury note yield was marginally higher at 4.692%. Yields and prices move in opposite directions and one basis point is equivalent to 0.01%. The

A mockup of Tesla Inc.’s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The entire value of the S&P 500 currently stands at

A mass simulator version of a New Glenn rocket is moved for testing in November 2021. Blue Origin The Pentagon announced the first winning bidders in its rocket launch contract sweepstakes on Thursday, with Jeff Bezos‘ Blue Origin grabbing a spot for the first time. Blue Origin’s winning bid came as part of contracts awarded

U.S. Treasury yields slipped once again on Thursday after the latest inflation data showed an unexpected drop. The rate on the 10-year Treasury slid nearly 2 basis points to 4.279%. The benchmark note yield also hit its lowest level since April 1, briefly trading at 4.24% The 2-year Treasury yield also fell nearly 5 basis

Aerial view of a fire during a protest outside the National Congress in Buenos Aires on June 12, 2024.  Tomas Cuesta | Afp | Getty Images Argentina’s Senate narrowly passed President Javier Milei’s sweeping economic reform bill, delivering a tentative legislative victory to the right-wing leader even as protesters clashed with riot police. Lawmakers in

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting that concluded May 1. Text removed from the prior statement is in red with a horizontal line through the middle. Text appearing for the first time in the June statement is in red and underlined. Black text appears in

Customers purchase gas at a station on June 11, 2024 in Chicago, Illinois.  Scott Olson | Getty Images Inflation fell slightly in May, as positive trends like lower gasoline prices were counteracted by others like stubbornly high costs for housing. Trends under the surface suggest the fight against inflation continues to bear fruit, albeit slowly,