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

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

Biden calls Congress to pass Ukraine aid before new Covid funding

US President Joe Biden delivers remarks during a Rose Garden event at the White House in Washington, May 9, 2022. Kevin Lamarque | Reuters President Joe Biden urged Congress on Monday to quickly approve a multibillion-dollar aid package for Ukraine before trying to pass a new round of Covid-19 funding, warning that US aid for … 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

Biden to address global Covid-19 summit on Thursday

The summit is aimed at urging other wealthy countries to ramp up their coronavirus relief efforts aimed at poorer countries, but it comes as the Biden administration is struggling to secure additional funding from Congress to bolster its own coronavirus relief efforts at home and abroad. Ahead of the summit, Biden called on upper-middle and … 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

Here’s what the White House’ grim coronavirus warning means for you

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Washington CNN — “You don’t make the timeline, the virus makes the timeline.” That what dr Anthony Fauci’s message for an anxious nation when the novel coronavirus first began to spread across the … Read more

Elon Musk Fears for His Life After Russian Threats

Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk has never been afraid to confront his opponents publicly. From his Silicon Valley peers like recently Bill Gates, the co-founder of software giant Microsoft (MSFT) – Get Microsoft Corporation Report, to President Joe Biden, the richest man in the world fears no one. It’s one … Read more

Elon Musk Sounds The Alarm About Japan

He is charismatic and unpredictable. His personality divides. Some people describe him as the most revolutionary CEO of recent years. Others see in him a CEO who is the mirror of an era dominated by trends that follow one another at the speed of a short video on TikTok. We stick all the labels on … Read more

President Biden’s Executive Order On Bitcoin

Joseph Stafford is a partner at the law firm Wilson Elser and provides counseling to clients in the Intellectual Property, Regulatory Compliance and Corporate/D&O Risk Management practice areas. By signing an executive order (EO) on cryptocurrencies, President Biden has signaled an openness to the technology’s potentially positive impacts. This is a significant and encouraging development … Read more