PMI: China economy has best month since Covid lockdowns imposed in March

The Chinese government’s purchasing managers’ index (PMI) for manufacturing — which mainly covers larger businesses and state-owned companies — rose to 50.2 in June, the first time it has crossed the 50 mark since February, according to the National Bureau of Statistics. A reading above 50 indicates that activity is increasing. Meanwhile, the official non-manufacturing …

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COVID restrictions ease in Shanghai as case numbers drop

Placeholder while article actions load BEIJING — Shanghai is moving to allow in-person dining and reopening its Disney Resort theme park as domestically transmitted cases of COVID-19 in China’s largest city remain at zero following a more than two-month lockdown. Chinese officials hail their hardline “zero-COVID” policy for stemming the growth of cases and deaths …

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Ted Cruz Trolls Sesame Street’s Elmo Over Covid-19 Vaccines For Kids Under 5

Senator Ted Cruz (R-Texas) trolled Elmo, after Sesame Street tweeted a video about Covid-19 … [+] vaccines. (Photo by Paul Zimmerman/WireImage) WireImage Looks like Senator Ted Cruz (R-Texas) wasn’t too tickled by what Elmo did. On Tuesday, Sesame Street posted a video of Elmo talking about getting vaccinated against Covid-19. And just three hours later, …

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How to calculate risk in the era of long covid

Placeholder while article actions load If it weren’t for long covid, the arguments for a “return to normal” approach to covid-19 would be quite persuasive. The pandemic, after all, has morphed into something very different from what it was in 2020. Back then, our collective terror was focused on the capacity of the virus to …

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FDA panel recommends changing Covid shots to fight omicron this fall

The Food and Drug Administration’s panel of independent vaccine experts on Tuesday voted 19 to 2 to recommend new Covid-19 shots that target the omicron variant this fall, when public health officials are expecting a new wave of infections. It is the first time the panel has proposed that vaccine makers modify the shots to …

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Still few answers for COVID nursing home deaths

When disgraced New York Gov. Andrew Cuomo commanded nursing homes to accept COVID patients in March 2020, Gov. Gretchen Whitmer followed the leader. When it became obvious that people were dying at alarming rates, Cuomo cut bait and banned the practice altogether. Not Whitmer. A week after Cuomo’s about-face, Whitmer doubled down with executive order 2020-95: …

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Wall Street stumbles as consumer pessimism stokes growth fears

U.S. consumer expectations sink to a near-decade low Nike slips on downbeat quarterly revenue forecast Indexes down: Dow 1.56%, S&P 2.01%, Nasdaq 2.98% NEW YORK, June 28 (Reuters) – Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over recession and the …

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An FDA Panel Decides It’s Time For New COVID-19 Boosters

On June 28, a panel of experts convened by the U.S. Food and Drug Administration (FDA) voted 19 to 2 to change the vaccines that have been used since December 2020 to protect against COVID-19. The change, which will apply only to booster doses for people who are already vaccinated, involves including a strain that …

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Fall COVID vaccine should target omicron variant, FDA panel advises

A federal advisory panel voted 19-2 Tuesday to reformulate COVID-19 booster shots for the fall to more directly target the omicron viral variant. Members of the Food and Drug Administration’s advisory panel supported targeting omicron’s BA.4 and BA.5 subvariants, which now account for about half of the COVID-19 cases in the U.S. and which have been increasing in …

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Vaccine Stocks Tumble As FDA Experts Mull Omicron Shots

A Food and Drug Administration panel of experts will vote Tuesday on whether to recommend omicron Covid boosters from Pfizer (PFE), Moderna (MRNA) and Novavax (NVAX). The vote could rock the vaccine stocks. X The updated vaccines attempt to control omicron and its lineage of sub-variants. In theory, the vaccines would launch in the fall …

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