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Pfizer to more than double price of its COVID antiviral once drug moves to commercial market
Pfizer Inc. will charge $1,390 for a five-day course of its Paxlovid COVID-19 antiviral when the drug moves to the commercial market later this year. That’s…
Harvard and UPenn donors are furious. It may have a financial domino effect
Influential donors to Harvard University and the University of Pennsylvania say they will cut their ties to the schools in protest of college…
Most big cryptocurrencies decrease as Ripple declines
Most large cryptocurrencies were down during morning trading on Thursday, with Ripple
XRPUSD,
-0.03%
seeing the biggest move, declining 1.24%…
New York AG accuses crypto firms of deceiving investors in $1 billion fraud
The fallout from the colossal implosion of Sam Bankman-Fried’s crypto business is still rippling through the digital asset industry nearly a…
It turns out Disney’s ESPN isn’t eroding. But here comes the hard part.
Walt Disney Co. largely soothed Wall Street’s fears with its latest financial disclosures, which showed steady revenue for the ESPN business. Yet here comes…
Mortgage rates advance toward 8%
Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical uncertainty in the Middle East.…
EU asks Meta for more details on efforts to stop illegal and inaccurate content on Israel-Hamas war
The European Union has told Meta it has a week to explain in greater detail how it is fighting the spread of illegal content and…
U.S. housing starts rebound in September after sharp drop in prior month
The numbers: Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after a sharp 1.5% drop in the prior month, the…
Home sales dropped in September to a 13-year low as surging prices and mortgage rates stymie demand
Home sales dropped in September to the lowest level in 13 years as surging interest rates and climbing home prices made buying a home…
Fed can ‘wait, watch’ how economy evolves before making any interest-rate decisions, Waller says
The Federal Reserve needs to “wait, watch and see” how the economy evolves before making any interest-rate moves, said Fed Governor Christopher Waller on…