Patients charged hundreds of dollars to get Covid drugs already paid for by taxpayers

CNN — For more than a year, Americans have been vaccinated for free against Covid-19, but many of the nation’s most vulnerable citizens are being charged hundreds of dollars to get immunity to the virus, according to a CNN investigation. Doctors and hospitals are charging fees to give Evusheld, the only drug that works to … Read more

Novavax confident Covid vaccine will receive FDA authorization in June after delays

Novavax is confident its Covid-19 vaccine will receive the endorsement of the Food and Drug Administration’s advisory committee early this summer, executives said this week. The FDA committee is scheduled to meet on June 7 to review Novavax’s submission. An endorsement from the committee, which is made up of independent experts, would mean the drug … Read more

NIH licenses key Covid vaccine technology to WHO so other countries can develop shots

President Joe Biden on Thursday said the US has licensed a key technology used in the current Covid-19 vaccines to the World Health Organization, which would allow manufacturers around the world to work with the global health agency to develop their own shots against the virus. The National Institutes of Health has licensed its stabilized … Read more

WHO says omicron BA.4 and BA.5 subvariants have spread to over a dozen countries

coronavirus impact business and economy Mf3d | E+ | Getty Images Omicron subvariants BA.4 and BA.5 have been detected in more than a dozen countries, helping fuel sporadic Covid outbreaks across the world, but the heavily mutated strains are still circulating at low levels, the World Health Organization said Wednesday. Less than 700 cases of … Read more

Google announces new smartphones, a watch and tablet at its I/O developer conference

CNN Business — Google on Wednesday unveiled an expanded lineup of hardware products in the latest sign it remains committed to moving beyond its core advertising business and competing with the likes of Apple. At its first in-person developer conference in three years, Google announced three new smartphones and its first in-house smartwatch as well … Read more

Nintendo Says It Wants To Avoid A Repeat Of Wii U With Switch’s Successor

Image: Nintendo Since Nintendo announced its financial results yesterday — where it revealed that the Switch has now sold more than 107 million units worldwideand predicted that profits would drop again in the next financial year — there’s been an awful lot of chatter about a Switch successor, hasn’t there? In a Japanese investor Q&A, … Read more

How China’s Covid lockdowns are taking a toll on global companies

The crisis is a strong reminder of China’s outsized importance to global companies. “Like it or not, at this point if you’re a multinational, China is probably your first or second largest consumer market,” said Ben Cavender, managing director of the consultancy China Market Research Group. “And it’s probably your major base of production, or … Read more

Shanghai disinfects homes, closes all subways in COVID fight

BEIJING – Teams in white protective suits are entering the homes of coronavirus-infected people to spray disinfectant as Shanghai tries to root out an omicron outbreak under China’s strict “zero-COVID” strategy. City official Jin Chen said Tuesday that in older communities with shared bathrooms and kitchens, the homes of anyone else who uses those facilities … Read more

Covid Novavax (NVAX) Q1 2022 earnings

Rafael Henrique | Light Rocket | Getty Images Novavax on Monday reported its first profitable quarter as its Covid vaccine rolls out across several countries around the world, although the company still missed earnings and revenue expectations. Novavax stock was down more than 8% in after hours trading. Novavax reported net income of $203 million … Read more

US will limit Covid vaccines to high-risk people this fall if Congress doesn’t approve more funding

The US will have to limit the next generation of Covid vaccines this fall to individuals at the highest risk of getting seriously sick from the virus if Congress fails to approve funding to purchase the new shots, according to a senior Biden administration official. The official, who spoke on the condition of anonymity, warned … Read more