A new Covid-19 vaccine is available — and recommended — for everyone ages 6 months and older, and experts say it’s best to take advantage of the protection it provides sooner rather than later. The shot — greenlit by the US Food and Drug Administration and the US Centers for Disease Control and Prevention this […]
Overdose deaths continue to rise in the US, reaching another record level, provisional data shows
Drug overdose deaths reached another record level in the United States this spring, new data from the US Centers for Disease Control and Prevention shows, as 2023 is on track to be another devastating year amid the drug epidemic. More than 111,000 people died from a drug overdose in the 12-month period ending in April, […]
Moderna says mRNA flu shot generates better immune response in study than currently available vaccine
Moderna said Wednesday that its experimental mRNA-based seasonal flu vaccine generated a stronger immune response against four strains of the flu virus than a currently marketed vaccine in a Phase 3 study, paving the way for the company to discuss a path to approval with regulators. The experimental shot, dubbed mRNA-1010, was compared with a […]
China is huge for chip designer Arm. That’s a risk for its new investors
As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its China business has become a serious point of concern. The SoftBank-owned firm used many pages of its IPO prospectus to warn investors of risks related to its exposure to China at a time of rising […]
China says it hasn’t issued any ban on Apple’s iPhone
China hasn’t issued any laws or rules to ban the use of iPhones or any other foreign phone brand, a Chinese government spokesperson said on Wednesday. “We have always been open to foreign companies and welcome them to seize the opportunities and share the fruits of China’s economic development,” Ministry of Foreign Affairs spokesperson Mao […]
Bill Gates, Elon Musk and Mark Zuckerberg meeting in Washington to discuss future AI regulations
Coming out of a three-hour Senate hearing on artificial intelligence, Elon Musk, the head of a handful of tech companies, summarized the grave risks of AI. “There’s some chance – above zero – that AI will kill us all. I think it’s low but there’s some chance,” Musk told reporters. “The consequences of getting AI […]
Google is laying off hundreds in its recruitment division
Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as Silicon Valley continues its cost-cutting efforts. The latest cuts come after Google parent Alphabet in January eliminated 12,000 jobs, or about 6% of its workforce, across the company as it grappled with economic uncertainty that hit the company’s […]
Google reaches $93 million settlement in tracking location case
Google has reached a $93 million settlement with the state of California to resolve allegations that it was collecting consumers’ data without their consent, the state’s attorney general said in a statement Thursday. The California Department of Justice found that, after a multi-year investigation, the tech giant was “deceiving users by collecting, storing, and using […]
Haven’t been paying attention to the UAW strike? What you need to know
Time has run out to avert a strike at America’s unionized automakers. The United Auto Workers contracts expired at 11:59 pm ET on Thursday. The contracts covered 145,000 UAW members at the three companies: General Motors, Ford and Stellantis, which builds vehicles under the Jeep, Ram, Dodge and Chrysler brands for North America. With new […]
China property woes deepen as a big developer suspends debt payments
A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector. Sino Ocean, which says it’s one of the nation’s top 20 real estate developers, said in a stock exchange filing Friday that it would temporarily stop making payments on US dollar-denominated bonds, and suspend trading of them, as it […]