CDC's Redfield officially recommends Pfizer coronavirus vaccine

Centers for Disease Control and Prevention Director Dr. Robert Redfield said Sunday that he signed the CDC's official recommendation for Americans 16 and older to use the Pfizer-BioNTech coronavirus vaccine and applauded the vaccine as a step to "help restore some normalcy to our lives and our country.""CDC's Redfield officially recommends Pfizer coronavirus vaccine" via FOX BIZ https://ift.tt/2K0ZP8H

First shipment of Pfizer-BioNTech coronavirus vaccine leaves Michigan facility

The first truck carrying a COVID-19 vaccine for widespread use in the United States pulled out of a Portage, Mich., manufacturing plant Sunday morning, with the shots that are critical to stopping the nation's coronavirus outbreak destined to reach locations in all 50 states a day later."First shipment of Pfizer-BioNTech coronavirus vaccine leaves Michigan facility" via FOX BIZ https://ift.tt/3a3aZEB

AstraZeneca to buy Alexion for $39 billion to expand in immunology

Britain’s AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals for $39 billion in cash and shares to bolster its positions in immunology and rare diseases."AstraZeneca to buy Alexion for $39 billion to expand in immunology" via FOX BIZ https://ift.tt/3qRCabi

COVID-19 vaccine makers turn to testing children

Health experts urge more research to help curb transmission and to reopen schools."COVID-19 vaccine makers turn to testing children" via FOX BIZ https://ift.tt/2W87415

US Supreme Court takes up Goldman securities class action appeal

Goldman is appealing a decision allowing a class action accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis."US Supreme Court takes up Goldman securities class action appeal" via FOX BIZ https://ift.tt/342fBqE

How Pfizer delivered a COVID vaccine in record time: Crazy deadlines, a pushy CEO

Albert Bourla and his team overcame unproven science and manufacturing bottlenecks; ‘you’re asking for too much.’"How Pfizer delivered a COVID vaccine in record time: Crazy deadlines, a pushy CEO" via FOX BIZ https://ift.tt/3meuegR

Oracle moving from California to Texas, joins Tesla, Hewlett Packard

The tech giant is kissing California goodbye."Oracle moving from California to Texas, joins Tesla, Hewlett Packard " via FOX BIZ https://ift.tt/3ncCu2j

McConnell digs in on demand to drop state 'bailouts' from coronavirus bill, accuses Democrats of blocking agreement

Senate Majority Leader Mitch McConnell in comments on the Senate floor Friday morning dug in on Republicans' demand that Democrats drop funding for state and local governments from any coronavirus relief bill."McConnell digs in on demand to drop state 'bailouts' from coronavirus bill, accuses Democrats of blocking agreement" via FOX BIZ https://ift.tt/3oLAazM

Biden's final eye-popping tally: Over $1B raised and spent

Joe Biden raised more than $1 billion in record-breaking fundraising during his year-and-a-half- long campaign for the White House."Biden's final eye-popping tally: Over $1B raised and spent" via FOX BIZ https://ift.tt/3n5w7O9

Coronavirus relief deal talks sputter as McConnell pushes back on state aid

After several days of increasing optimism about the prospect that Congress could come to an agreement on a coronavirus stimulus bill, talks appeared on the edge of falling apart Thursday as Senate Majority Leader Mitch McConnell and Democrats are stuck on the point of federal aid for state governments. "Coronavirus relief deal talks sputter as McConnell pushes back on state aid" via FOX BIZ https://ift.tt/3neRFIc

Student loan payments set to resume, unless Democrats get their way

More than half of student loan borrowers say they "don't feel confident" that they will be able to repay their loans after the pandemic forbearance period ends in late January, but top Democrats are hopeful of pushing sweeping legislation that could cancel up to $50,000 of student debt per borrower."Student loan payments set to resume, unless Democrats get their way" via FOX BIZ https://ift.tt/3oF8QTr

FDA's Pfizer COVID vaccine approval means Moderna's just days away

Moderna is next in line to win FDA approval for its COVID-19 vaccine."FDA's Pfizer COVID vaccine approval means Moderna's just days away" via FOX BIZ https://ift.tt/3a1SJeB

Chinese auto giant Nio follows Tesla's lead to take advantage of surging stock prices

Chinese electric-car maker Nio Inc. is following U.S. rival Tesla Inc. by offering new shares to take advantage of its surging stock price."Chinese auto giant Nio follows Tesla's lead to take advantage of surging stock prices" via FOX BIZ https://ift.tt/3gBUG2G

Coronavirus vaccine, congressional gridlock to herald stock market 'nirvana'

The S&P 500 is poised to surge 20% next year as the U.S. economy strengthens and risks recede, according to J.P. Morgan."Coronavirus vaccine, congressional gridlock to herald stock market 'nirvana'" via FOX BIZ https://ift.tt/3qVafrh

UK businesses plea for EU deal as talks stall

British trucking firms, supermarkets and other businesses on Friday implored the government to strike a last-minute trade deal with the European Union, as the two sides’ leaders told their citizens to brace for New Year upheaval in the U.K.-EU trading relationship."UK businesses plea for EU deal as talks stall" via FOX BIZ https://ift.tt/3gJPlqb

Stocks slide as coronavirus relief talks stall

U.S. stock futures were under pressure Friday morning amid concerns a deal on a COVID-19 stimulus package won’t materialize until after the holidays."Stocks slide as coronavirus relief talks stall" via FOX BIZ https://ift.tt/2KkbNdy

First COVID vaccination in US may be given Monday: Alex Azar

The Food and Drug Administration will grant emergency-use authorization for the COVID-19 vaccine developed by Pfizer and BioNTech, Health and Human Services Secretary Alex Azar said Friday."First COVID vaccination in US may be given Monday: Alex Azar" via FOX BIZ https://ift.tt/3oJ6yCV

US stocks mixed as near-term U.S. fiscal stimulus appears unlikely

"US stocks mixed as near-term U.S. fiscal stimulus appears unlikely" via FOX BIZ https://ift.tt/2W5PScE

Disney dives deep into streaming with a supersized line-up of content planned for Disney+, Hulu & ESPN+

Disney chief financial officer Christine McCarthy said the streaming service is on track to reach profitability in 2024."Disney dives deep into streaming with a supersized line-up of content planned for Disney+, Hulu & ESPN+" via FOX BIZ https://ift.tt/2W2b4Aj

CEO Brian Chesky on Airbnb's road to becoming 2020's biggest IPO

Airbnb has become 2020's biggest IPO."CEO Brian Chesky on Airbnb's road to becoming 2020's biggest IPO" via FOX BIZ https://ift.tt/3a13bTW

Brent oil tops $50 in Biden bounce

The oil market is starting to price in the possibility of a new sheriff in town: Biden."Brent oil tops $50 in Biden bounce" via FOX BIZ https://ift.tt/3m4uFKI

Airbnb soars 121% in opening Nasdaq trade

Airbnb’s business was hit hard as stay-at-home orders aimed at slowing the spread of COVID-19 eliminated most nonessential travel."Airbnb soars 121% in opening Nasdaq trade" via FOX BIZ https://ift.tt/377DUFL

Stocks trim losses, Airbnb IPO on tap

Investors eye stimulus talks, a key FDA meeting and Airbnb's big debut."Stocks trim losses, Airbnb IPO on tap" via FOX BIZ https://ift.tt/3gzzFWo

853,000 Americans filed for unemployment benefits last week

The number of Americans filing for first-time unemployment benefits rose more than expected last week amid a surge in COVID-19 infections and governments ordering stricter measures to help slow the spread of the virus."853,000 Americans filed for unemployment benefits last week" via FOX BIZ https://ift.tt/3n95wQ8

Moderna starts testing coronavirus vaccine's effectiveness among teens

Massachusetts biotech company Moderna, which is at the cutting edge of a coronavirus vaccine, announced Thursday it has begun testing its vaccine's efficacy among adolescents ages 12 to 17."Moderna starts testing coronavirus vaccine's effectiveness among teens" via FOX BIZ https://ift.tt/3n0o0Ct

If you invested $1,000 in Moderna in January, this is how much you'd have now

To put into perspective just how hot the healthcare stock has been this year, consider that investing in Moderna would have generated better returns than if you'd invested in electric car maker Tesla, which is up more than 680%."If you invested $1,000 in Moderna in January, this is how much you'd have now" via FOX BIZ https://ift.tt/37QCPkH

Education Secretary DeVos slams teachers unions for 'playing politics with children's lives'

Teachers unions are failing American students amid the coronavirus pandemic, the Secretary of Education argued Thursday."Education Secretary DeVos slams teachers unions for 'playing politics with children's lives'" via FOX BIZ https://ift.tt/3qJCZ66

Lawmakers act to avert shutdown, buying time for COVID talks

Still spinning their wheels on COVID-19 relief, lawmakers grabbed a one-week government funding extension on Wednesday that buys time for more talks — though there is considerable disagreement over who is supposed to be taking the lead from there."Lawmakers act to avert shutdown, buying time for COVID talks" via FOX BIZ https://ift.tt/33YlEMK

Cuomo says New York tax hikes likely on the way, even if Congress approves aid

The three-term Democratic governor said increases would be “dramatic” without additional federal funding."Cuomo says New York tax hikes likely on the way, even if Congress approves aid" via FOX BIZ https://ift.tt/3m6jMb4

Azar says vaccinations could begin next week, 20M people inoculated by end of year

Health and Human Services Secretary Alex Azar said vaccinations could begin for “the most vulnerable” next week, and he expects 20 million  to be vaccinated before the end of the year. "Azar says vaccinations could begin next week, 20M people inoculated by end of year" via FOX BIZ https://ift.tt/2W1g2gq

Biden defense pick earns $350K on Raytheon’s board

If Austin is confirmed by the Senate, his appointment would continue a pattern among both Democratic and Republican presidents of choosing Cabinet members from the highest echelons of Corporate America."Biden defense pick earns $350K on Raytheon’s board" via FOX BIZ https://ift.tt/3lVwUzS

Super PAC allied with McConnell launches new $43M push in Georgia runoffs

The top super PAC that supports Republican senators and candidates is firing up a new multimillion-dollar effort in Georgia’s twin Jan. 5 runoff elections, which will determine whether the GOP retains its majority in the chamber or if the Democrats take control of both houses of Congress as well as the White House."Super PAC allied with McConnell launches new $43M push in Georgia runoffs" via FOX BIZ https://ift.tt/3gtdzEU

New White House COVID-19 relief proposal includes $600 stimulus check but no unemployment boost

The Trump administration offered a $916 billion coronavirus relief package to Democrats this week, the latest salvo in a nearly half-year long battle on Capitol Hill to pass another round of emergency aid."New White House COVID-19 relief proposal includes $600 stimulus check but no unemployment boost" via FOX BIZ https://ift.tt/383zfnB

White House threatens to use Defense Production Act to ensure coronavirus vaccine allocation

Health and Human Services Secretary Alex Azar said on Wednesday morning that the Trump administration may use the Defense Production Act (DPA) to ensure that the government can acquire enough vaccine doses to help stem the tide of the coronavirus pandemic in the U.S."White House threatens to use Defense Production Act to ensure coronavirus vaccine allocation" via FOX BIZ https://ift.tt/2JNGQhO

Senate confirms Trump's lame-duck FCC pick Nathan Simington

The Senate has narrowly approved President Donald Trump’s lame-duck nominee to become a member of the Federal Communications Commission, setting up the agency for a stretch of partisan gridlock likely to stymie President-elect Joe Biden’s policies."Senate confirms Trump's lame-duck FCC pick Nathan Simington" via FOX BIZ https://ift.tt/3n4Lkir

Trump says White House will invoke Defense Production Act for COVID-19 vaccine if necessary

Trump has invoked the act during the pandemic to ensure the U.S. had essential supplies."Trump says White House will invoke Defense Production Act for COVID-19 vaccine if necessary" via FOX BIZ https://ift.tt/3lXuQqY

Stocks flat in early trading after investors showed appetite for DoorDash IPO

U.S. equity futures were flat early Thursday, hours before the opening bell after investors showed a strong appetite for IPOs Wednesday for DealDash and before that Airbnb."Stocks flat in early trading after investors showed appetite for DoorDash IPO" via FOX BIZ https://ift.tt/3lYhPxq

Airbnb to price IPO above range at $68 per share: report

Airbnb will price its initial public offering at $68 per share, people familiar with the matter told the Wall Street Journal, far exceeding its previously announced target range of $56 to $60 a share.  "Airbnb to price IPO above range at $68 per share: report" via FOX BIZ https://ift.tt/3qLgiya

Market analyst advises against buying DoorDash, calls it the ‘WeWork of 2020’

DoorDash stock skyrocketed in its NYSE debut Wednesday, but New Constructs CEO and market analyst David Trainer told FOX Business Network's “The Claman Countdown” investors shouldn’t waste their money."Market analyst advises against buying DoorDash, calls it the ‘WeWork of 2020’" via FOX BIZ https://ift.tt/3n4wvMX

Billionaire Jeffrey Gundlach explains what could make him flee California

Billionaire bond fund manager Jeffrey Gundlach isn’t planning to cut his ties to California just yet, despite the departure of his wealthy peers from the Democrat-led state and others with high tax rates."Billionaire Jeffrey Gundlach explains what could make him flee California" via FOX BIZ https://ift.tt/3oFpdQe

DoorDash IPO delivers big, opens at $182 per share

The coronavirus pandemic is driving demand for DoorDash, a food-delivery company headquartered in San Francisco."DoorDash IPO delivers big, opens at $182 per share" via FOX BIZ https://ift.tt/3gxrGZO

Stock futures mixed with coronavirus stimulus, vaccine in focus

U.S. stock futures pointed to a mixed open as traders weighed a setback in COVID-19 relief talks and the pending approval of a vaccine."Stock futures mixed with coronavirus stimulus, vaccine in focus" via FOX BIZ https://ift.tt/3n099Il

UK investigates possible allergic reactions to Pfizer coronavirus shot

U.K. regulators said Wednesday that people who have a "significant history'' of allergic reactions shouldn't receive the new Pfizer-BioNTech vaccine."UK investigates possible allergic reactions to Pfizer coronavirus shot" via FOX BIZ https://ift.tt/3gxNXqv

US stock futures trending higher on coronavirus vaccine, stimulus news: report

U.S. equity futures are pointing higher hours before the opening bell as Investors were encouraged by upbeat news on coronavirus vaccines and reports that lawmakers and the White House are making progress toward fresh stimulus for the U.S. economy."US stock futures trending higher on coronavirus vaccine, stimulus news: report" via FOX BIZ https://ift.tt/3gvdYqk

DoorDash IPO prices above range at $102 per share

DoorDash said Tuesday evening that its initial public offering will be priced at $102 per share, above its previously announced price range of $90 to $95 per share, valuing the company at roughly $39 billion after it raised $3.37 billion."DoorDash IPO prices above range at $102 per share" via FOX BIZ https://ift.tt/36ZuhJ0

Tesla's Elon Musk confirms Texas move from California, warns state on exodus

Elon Musk threw at a dig at the state of California after confirming his move to Texas."Tesla's Elon Musk confirms Texas move from California, warns state on exodus" via FOX BIZ https://ift.tt/3owig3N

White House claims Pfizer 'negotiating in public' on coronavirus vaccine allocation

The White House on Tuesday claimed that Pfizer is “negotiating in public” on the allocation of the forthcoming coronavirus vaccine and trying to embarrass the U.S. government in an effort to gain market share over its vaccine competitors."White House claims Pfizer 'negotiating in public' on coronavirus vaccine allocation" via FOX BIZ https://ift.tt/37JaHzS

Schumer renews push for Biden to bypass Congress and cancel $50,000 in student loan debt

Senate Minority Leader Chuck Schumer reiterated his call for President-elect Joe Biden to bypass Congress and cancel billions of dollars in student loan debt."Schumer renews push for Biden to bypass Congress and cancel $50,000 in student loan debt" via FOX BIZ https://ift.tt/3qBaw2d

Bipartisan COVID-19 relief deal faces congressional hurdles as McConnell refuses to endorse it

Despite renewed momentum on Capitol Hill to pass a coronavirus relief deal, a bipartisan proposal unveiled last week has run into familiar obstacles, potentially thwarting the chances of a year-end agreement. "Bipartisan COVID-19 relief deal faces congressional hurdles as McConnell refuses to endorse it" via FOX BIZ https://ift.tt/3mRzwjv

Goya CEO says AOC was named 'employee of the month' after her boycott call led to sales spike

Goya CEO Robert Unanue told the Michael Berry radio show on Monday that New York Rep. Alexandria Ocasio-Cortez was named employee of the month after the company's sales spiked in response to the progressive Congresswoman's call for a boycott of its products earlier this year."Goya CEO says AOC was named 'employee of the month' after her boycott call led to sales spike" via FOX BIZ https://ift.tt/37Iv3cx