The phase 3 trial preliminary results showed the drug cut the risk of developing severe COVID-19 or dying by 50 percent compared to a placebo in people who did not require hospitalization and had been showing symptoms for a week or less.
Category archives: COVID-19
Top US Utility Providers Cut Power to Nearly One Million Homes Despite Receiving Huge COVID Tax Bailouts: Report
Some of the top utility providers in the United States cut off power to customers across the nation despite receiving tax bailouts.
Merck Says Antiviral Pill for COVID-19 Is Effective, Plans to File for Emergency Authorization
The antiviral, molnupiravir, cut the risk of hospitalization or death in half for adults who were deemed at risk but not hospitalized, according to a planned interim analysis of the trial.
Goldman Sachs Lowers US Growth Forecast Amid COVID-19 Delta Variant and Fading Fiscal Support
Economists at Goldman Sachs Group Inc. have lowered their forecast for growth in the U.S. economy this year for a second time.
‘Inflation Could Repeat Trajectory of 1960s’: Economic Historian Niall Ferguson
Ferguson said that policymakers are now facing a new challenge in the form of rising inflation after responding to the COVID-19 pandemic in a manner similar to the 2008 Global Financial Crisis.
Oregon McDonald’s Now Hiring 14-Year-Olds Due to ‘Staffing Issues’
Heather Coleman, the operator of a McDonald’s, said that raising the minimum wage to $15 per hour at the restaurant didn’t attract many new applicants. When the hiring age was lowered to 15, about 25 applicants came in two weeks, she said.
Millions of Americans Set to Lose Pandemic Unemployment Benefits Next Week, No Signs of States Extending
Around 7.5 million Americans are set to fall off a “benefits cliff” as the September cutoff looms for the federal pandemic unemployment programs.
First Patient Gets Dose in Pfizer’s Oral COVID-19 Drug Trial
“If successful, we believe this therapy could help reduce severity of illness among a broad population of patients,” Rod MacKenzie, Pfizer’s chief development officer, said in a statement.
Mandating Employee Vaccinations? What You Need to Know.
Here’s what you need to know if you’re considering mandating vaccines for your in-person employees.
Vaccine-Maker BioNTech Sees 2nd-Quarter Profits Soar
In an earnings report released on Monday, the Mainz-based company said that it made a net profit of nearly $3.3 billion between April and June.