Nick R. Hamilton Pfizer on Tuesday said it submitted a request for emergency clearance for a pill designed to treat COVID-19. The treatment, known as Paxlovid, is meant to keep COVID-19 patients with mild or moderate symptoms out of hospitals. It reduced the risk of hospitalization or death in a clinical trial, according to an interim analysis the … Read more
U.S. price inflation will remain high until the coronavirus pandemic is officially over, says Deputy Treasury Secretary Wally Adeyemo. Speaking in an interview with CNBC‘s Hadley Gamble at the Adipec energy industry forum in Abu Dhabi on Tuesday, Adeyemo noted that President Joe Biden has tackled many issues but conceded that more work needs to be done. … Read more
There’s an old saying on Wall Street that “gaps refill.” If it’s true, there’s a good chance that the sell-off in Walmart Inc. (NYSE:WMT) is about to end. Between the close on Oct. 18 and the open on Oct. 19, shares gapped up from $141.68 to $144.63. This shows up as a blank space (or a gap) on a chart. … Read more
WASHINGTON—U.S. Treasury Secretary Janet Yellen on Tuesday said she would visit tribal communities over the next year as her department continues to expand its engagement with Native American tribes, which were hit disproportionately hard by the COVID-19 pandemic. Yellen told the second day of a White House Tribal Nations Summit that nearly 100 percent of … Read more
Commentary The U.S. government just gave the Chinese Communist Party (CCP) a victory, and violated international law, by repatriating a former bank manager to China. The repatriation will chill internal resistance in China. On Nov. 14, China’s anti-graft watchdog announced that Xu Guojun, former president of the Bank of China’s Kaiping branch, was repatriated to … Read more
LOS ANGELES—The City of Los Angeles’ ordinance banning restaurants from offering disposable utensils and napkins to customers took effect Nov. 15. The ordinance prohibits facilities from having self-service disposable foodware dispensers and from offering them to dine-in and take-out customers, except when requested. The city council approved the ordinance in April with the aim of alleviating costs … Read more