Month: May 2022

Oil Edges Higher on Tight Supply and Expected Demand Uplift

LONDON—Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world’s biggest crude consumer. Brent crude futures for July rose for a fifth session running, gaining $1.69, or 1.5 percent, to $115.25 a barrel by 0940 GMT. U.S. West Texas…


Stocks Edge Up Before Fed Minutes, Dollar Off 1-month Low

LONDON—Stock markets and the dollar moved cautiously higher on Wednesday before the latest Federal Reserve meeting minutes, while New Zealand’s dollar soared as its central bank joined those now aggressively jacking up interest rates. Nerves about a global recession were jangled on Tuesday by weak U.S. housing market data, but European and Asian trading saw…


US Allows 2 Million Baby Formula Cans in From UK, Lets Abbott Release 300,000 Specialty Cans

The U.S. Food and Drug Administration (FDA) announced on Tuesday it will allow about 2 million cans of baby formula from the United Kingdom into the country, and allow Abbott Laboratories to release about 300,000 cans of specialty formula, to help ease the ongoing nationwide shortage. “We continue to do everything in our power as…


Germany Narrowly Avoids Recession as War, Pandemic Weigh on Economy

Germany’s economy narrowly avoided a recession in the first quarter as the Ukraine war and the lingering effects of pandemic restrictions weighed on economic activity, but with enough wiggle room for Europe’s biggest economy to eke out a 0.2 percent pace of growth. Data released on May 25 by Germany’s Federal Statistics Office showed that Germany’s…


Cyber Company Asked by Clinton-Connected Executive to Dig Deep on Trump Associates: Owner

WASHINGTON—A technology executive who hoped to get a position in the government if Hillary Clinton won the 2016 election tasked a cyber company with compiling a report on about half a dozen Donald Trump associates and their families, the man asked to put the report together testified in federal court on May 24. Rodney Joffe,…


Moderna ‘Throwing 30 Million Doses in the Garbage,’ CEO Says

The CEO of pharmaceutical and biotechnology company Moderna, Stéphane Bancel, said the company is having to “throw away” millions of doses of COVID-19 vaccines because “nobody wants them.” Bancel made the comments during an appearance at the World Economic Forum on Monday, while noting his concerns over the lack of people getting vaccinated and waning immunity among those…


Moderna ‘Throwing 30 Million Doses in the Garbage’ Over Dwindling Vaccine Demand: CEO

The CEO of pharmaceutical and biotechnology company Moderna, Stéphane Bancel, said the company is having to “throw away” millions of doses of COVID-19 vaccines because “nobody wants them.” Bancel made the comments during an appearance at the World Economic Forum on Monday, while noting his concerns over the lack of people getting vaccinated and waning immunity among those…


LIVE: Fleet Week New York—Parade of Ships

Fleet Week New York 2022 is scheduled to begin early May 25 with a ceremonial parade of ships consisting of U.S. Navy, U.S. Coast Guard, and Royal Navy vessels passing by the Statue of Liberty, Fort Hamilton, and One World Trade Center, from 6 to 8 a.m. ET, as they transit the New York Harbor….


The Nocebo Effect

Most people are probably familiar with the placebo effect, but may not be aware of its less popular cousin, and opposite, the nocebo effect. According to the latest research, this mysterious phenomenon is perhaps more prevalent than many people realize, even medical professionals. Let’s define them both. The placebo effect occurs when someone is receiving…


US May Send American Troops to Ukraine to Safeguard Reopened Embassy: Gen. Milley

Plans to send American forces back into the Ukrainian capital Kyiv are being considered for the protection of the U.S. Embassy, said the Chairman of the Joint Chiefs of Staff, Gen. Mark Milley, to reporters at the Pentagon on Monday. “Some of the things that may have been out there in the media, those are…