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Shares in CureVac plummeted on Thursday after the German biotech company said that interim trial results showed its experimental Covid-19 vaccine was only 47% effective in preventing symptomatic disease. The disappointing results sent shares down 45% in afternoon trading in Germany, wiping nearly $8 billion off the company’s market value. Shares listed in the United

The Federal Reserve surprised the market Wednesday with projections that future interest rate hikes will come a bit sooner than expected. Gold bugs in particular were disappointed. The price of gold fell 4% Wednesday and was lower again Thursday, falling below $1,800 an ounce for the first time since early May. While it’s true that

A number of companies are pulling advertising from GB News just days after Britain’s newest and most controversial TV channel launched with a self-professed mission to fight “cancel culture.” Swedish furniture giant IKEA, skin cream maker Nivea and brewer Grolsch are among brands that have either pulled or paused advertising on the channel. GB News’

SpaceX received a warning from a district attorney in Texas this week, warning that the company could be violating several state laws by shutting down public beaches for extended periods of time and using unlicensed security guards to ward people off public roads. The discrepancy centers on SpaceX’s activities in South Texas, where the company

What Federal Reserve Chair Jerome Powell said in staid tones on Wednesday may not have sounded momentous. It was. What’s happening: The US central bank now expects to raise interest rates in 2023 as the post-pandemic economy booms and inflation rises. That’s sooner than it indicated in March, when the Fed predicted rates would stay

Major corporations are celebrating Juneteenth in unique ways this week. The annual June 19 tradition, which falls on Saturday this year, commemorates the day in 1865 when former American slaves in Galveston, Texas, were finally informed of President Abraham Lincoln’s January 1, 1863, Emancipation Proclamation and the end of the Civil War. It took Union

After a protracted battle that nearly led to a workers strike, the staffers at three Condé Nast publications — The New Yorker, Ars Technica and Pitchfork — have come to an agreement on their first union contracts The New Yorker staffers announced their intention to form a union with the NewsGuild of New York in

An activist investor is urging Microsoft to do more to combat sexual harassment following misconduct allegations against its founder Bill Gates. In a shareholder resolution published Wednesday, impact investment firm Arjuna Capital called on Microsoft to release an annual transparency report detailing its sexual harassment policies and investigations into alleged incidents across the company. “Microsoft

Conversations can quickly spiral out of control online, so Facebook is hoping artificial intelligence can help keep things civil. The social network is testing the use of AI to spot fights in its many groups so group administrators can help calm things down. The announcement came in a blog post Wednesday, in which Facebook rolled

The Federal Reserve expects to raise interest rates in 2023, according to new economic projections the central bank published Wednesday. That’s a sharp contrast from the Fed’s previous forecast in March, in which the central bank predicted rates would stay near zero for at least the next two years. Some members of the Federal Open

Bitcoin and ethereum are the Coke and Pepsi of crypto: Their combined value of about $1 trillion accounts for nearly two-thirds of the overall $1.6 trillion in digital currencies worldwide. But just as some soft drink fans prefer Dr Pepper, there are also plenty of other alternatives in crypto — more than 10,000 of them,

ABC News reporter Rachel Scott on Wednesday confronted Russian President Vladimir Putin about his crackdown on political opponents. “The list of your political opponents who are dead, imprisoned, or jailed is long … and you have now prevented anyone who supports [Russian opposition leader Alexey Navalny] to run for office,” Scott said. “So my question

President Joe Biden on Wednesday apologized to CNN’s chief White House correspondent, Kaitlan Collins, after he lost his temper while speaking with her at the end of his press conference following the Geneva summit with Russian President Vladimir Putin. Before departing Geneva on Air Force One, Biden walked over to a group of reporters assembled

JPMorgan Chase is throwing its considerable weight behind efforts to root out racial bias in the appraisal of homes in America. As part of a new bank-wide commitment to fight housing inequality, JPMorgan is for the first time outlining specific legislation that can fight appraisal bias, backing the study of innovative ways to value homes

SpaceX has been targeting July for the first orbital flight of its gargantuan Starship system, which will be the most powerful launch vehicle ever created — and, the company hopes, will eventually take humans to Mars. But the company is not likely to hit that goal, CNN Business has learned. SpaceX’s Starship launch operations are

ABC News reporter Rachel Scott on Wednesday confronted Russian President Vladimir Putin about his crackdown on political opponents. “The list of your political opponents who are dead, imprisoned, or jailed is long … and you have now prevented anyone who supports [Russian opposition leader Alexey Navalny] to run for office,” Scott said. “So my question