The Food and Drug Administration recently approved Merck’s new vaccine, Capvaxive, designed to protect adults from pneumococcus bacteria that can lead to serious illnesses such as pneumonia. This new development is a significant step forward in preventive healthcare, particularly for those at higher risk for pneumococcal disease. Pneumococcal disease is a severe condition that can
The inflation rate for food prices has slowed down in recent months, according to government data. However, this slowdown does not mean that consumers are not feeling the impact of high grocery costs. In the past few years, 80% of Americans have noticed a significant increase in the price of groceries, with prices rising by
Nvidia’s recent surge in the market has set off a chain reaction that will force the Technology Select Sector SPDR Fund (XLK) to make some significant changes in its portfolio. The index that the XLK follows will soon undergo a rebalance, taking into account the adjusted market cap values as of Friday’s closing. This will
The U.S. Department of the Treasury and the IRS have recently revealed a plan aimed at closing a significant tax loophole used by large, complex partnerships. This move is expected to generate more than $50 billion in tax revenue over the next decade. The focus of the plan is on combating “related party basis shifting,”
The recent decision by the Federal Reserve to leave interest rates unchanged has signaled that there may be only one rate cut expected before the end of the year. This means that individuals carrying credit card balances will not see much relief in terms of sky-high interest charges. With the average credit card rate nearing
The world of car payments has undergone significant changes in recent years. With a combination of high prices and interest rates, the average monthly auto loan payment has surged to $760, according to Moody’s Analytics. This marks a substantial increase from the $535 average payment in May 2019. Moreover, a staggering 17% of car owners
Eli Lilly has been experiencing a surge in demand for its weight loss and diabetes treatments over the past year, propelling the company to new heights. However, this success comes with its own set of challenges that need to be addressed to sustain this growth and meet the needs of patients. Anat Ashkenazi, the outgoing
Berkshire Hathaway, a conglomerate led by Warren Buffett, has been gradually reducing its stake in China’s largest electric vehicle maker, BYD. The recent sale of 1.3 million Hong Kong-listed shares for $39.8 million has brought down Berkshire’s holding from 7% to 6.9%. This move signals a shift in the investment strategy of the conglomerate, which
Starboard Value, an activist fund managed by Jeff Smith, has recently acquired a significant stake in Autodesk, a graphics-design firm. This investment is estimated to be worth around $500 million. The fund has engaged in discussions with Autodesk’s board members regarding serious concerns related to the company’s disclosures concerning an internal investigation that led to
When one thinks of Singapore, images of skyscrapers, high-rise buildings, and modern architecture may come to mind. However, hidden among the bustling streets are the historic shophouses that have become a coveted investment for the wealthy and famous. These ornate and colorful colonial-era buildings, some dating back to the 1840s, are part of a government