Why ‘quantitative tightening’ is the wild card that could sink the stock market

Quantitative monetary easing is credited with boosting stock returns and boosting other speculative asset values ​​by flooding markets with liquidity as the Federal Reserve clawed back billions of dollars worth of bonds during the crisis financial crisis of 2008 and the coronavirus pandemic of 2020 in particular. Investors and policymakers may be underestimating what happens … Read more

COVID Boosters Targeting Omicron Expected This Week, But Experts Fear Low Uptake

The Food and Drug Administration is expected to authorize new COVID-19 booster shots this week that target the latest versions of the omicron variant, but will do so without data from a study showing the shots were safe and worked in humans. Authorizing doses, without data from human tests known as clinical trials, is similar … Read more

Study finds Pfizer’s antiviral has little to no benefit for young adults, and WHO says BA.5 omicron subvariant accounted for 74% of cases in past week

Pfizer’s COVID antiviral, Paxlovid, appears to have little to no benefit for young adults, although it still reduces the risk of hospitalization or death in older adults, according to a new Israeli study. Data from the study of 109,000 patients could renew questions about the US government’s use of Paxlovid, which has become the gold … Read more

Pfizer and BioNTech say data shows COVID vaccine is more than 70% effective in young children, with cases rising in just 7 states

Pfizer and its German partner BioNTech on Tuesday offered updated COVID vaccine data supporting efficacy in children 6 months to 4 years old. Businesses EFP, -1.88% BTX, -0.03% said updated analysis of 34 cases occurring at least seven days after a three-dose regimen showed a vaccine efficacy of 73.2% in children in this age group. … Read more

Zoom struggles to convince consumers to pay, and stock slips

Zoom Video Communications Inc. is struggling to convince people to pay for its video conferencing service in the third year of the COVID-19 pandemic, contributing to a reduced forecast and falling stock price on Monday. Zoom ZM, -2.07% executives slashed their full-year earnings and revenue forecast Monday afternoon, and Zoom chief financial officer Kelly Steckelberg … Read more

Polio and monkeypox demonstrate ‘increased focus’ on viruses

Over two years of COVID-19, and people think differently about viruses. This month, the United States declared monkeypox a public health emergency, and people at high risk of contracting the virus – especially men who have sex with men – are lining the streets town to get vaccinated. An epidemic of avian influenza which raises … Read more

South Korea offers North ‘bold’ economic benefits for denuclearization

SEOUL, South Korea — South Korean President Yoon Suk Yeol on Monday offered “bold” economic aid to North Korea if it scraps its nuclear weapons program while avoiding harsh criticism from the North days after threatening of “deadly” retaliation against the COVID-19 outbreak he blames on the South. In a speech celebrating the end of … Read more