Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau … Read more
The US Department of Education sign hangs over the entrance to the federal building housing the agency’s headquarters in Washington, D.C., Feb. 9, 2024. J. David Ake | Getty Images The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year. The interest rate on federal direct … Read more
An aerial view of the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Justin Sullivan | Getty Images Tesla is being sued by the nonprofit Environmental Democracy Project over “ongoing failure to comply with the Clean Air Act” at the electric vehicle company’s assembly plant in Fremont, California. In the suit, filed in … Read more
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed … Read more
A vial labelled “Novavax V COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. Dado Ruvic | Reuters Shares of Novavax jumped as much as 50% on Monday as Wall Street cheered the company’s new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker. Novavax’s stock … Read more
The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing. NYSE Squarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market. Permira agreed to pay … Read more
Nikos Pekiaridis | Lightrocket | Getty Images Moderna on Friday said the Food and Drug Administration has delayed the approval of its vaccine for respiratory syncytial virus to the end of May due to “administrative constraints” at the agency. The FDA was expected to make a decision on the RSV shot on Sunday. The agency … Read more
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Friday said it has signed a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize the company’s Covid … Read more
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Tesla is being accused of taking steps to keep employees in Buffalo, New York, from unionizing, according to … Read more
The Masimo logo is displayed at Masimo headquarters in Irvine, California, Dec. 27, 2023 Mario Tama | Getty Images Health-tech firm Masimo, facing the imminent threat of litigation and a second proxy contest, offered a settlement to Politan Capital’s Quentin Koffey on Thursday that would fill a vacant board seat with one of the activist’s … Read more
