Johnson & Johnson said on Friday its single-dose coronavirus vaccine was 66% overall effective against Covid-19. However, the vaccine appeared to be less effective against other variants. The Food and Drug Administration has announced that it will approve a vaccine that is safe and at least 50% effective. In comparison, the flu vaccine generally reduces…

As department stores like Saks Fifth Avenue try to bring customers back to stores after the Covid-19 pandemic shutdown, the move to online sales may accelerate further thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images In-person shopping services, once reserved for the wealthiest consumers, are growing in popularity in the face…

Steven A. Cohen Scott Eells | Bloomberg | Getty Images Steve Cohen, the founder of Point72 hedge fund and owner of the New York Mets, turned off his Twitter account after his family received threats in the GameStop trading frenzy this week. “I really enjoyed the back and forth with Mets fans on Twitter, which…

The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Online broker Robinhood announced that it has placed temporary purchase restrictions on a small number of stocks as the deposit requirements for stocks imposed by the Wall Street clearinghouse have increased tenfold. The decision of Robinhood, a pioneer and app for free trade…

A pedestrian wearing a protective mask crosses California Street in San Francisco, California, U.S., on Tuesday, Dec. 29, 2020. David Paul Morris | Bloomberg | Getty Images In late October, when San Francisco moved into California’s least-restrictive Covid-19 “yellow tier” — indicating minimal spread of the coronavirus — Lauren Crabbe was hopeful. Crabbe, the owner…

Stimulus Checks printed at the Philadelphia Financial Center in Philadelphia. Jeff Fusco | Getty Images Many Americans are waiting for their second stimulus check and others want to know when they might be able to receive a third payment. The $ 1.9 trillion Covid relief plan presented by President Joe Biden provides for a third…

American Airlines Flight 718, the first US Boeing 737 MAX commercial flight since regulators lifted a 20-month primer in November, will take off from Miami, Florida on December 29, 2020. Marco Bello | Reuters American Airlines approved the sale of an additional $ 1 billion worth of shares, the airline said in a report filed…

The President of the European Commission, Ursula von der Leyen, speaks to the media in Berlaymont, the seat of the EU Commission. Thierry Monasse LONDON – The European Union temporarily controlled the export of block-made coronavirus vaccines on Friday after the UK pharmaceutical company spat at AstraZeneca and other supply issues. Pfizer recently received two…

Dr. Scott Gottlieb on Friday welcomed the results of Johnson & Johnson’s Covid vaccine study and told CNBC he believed they were a good sign for the U.S.’s fight against the pandemic. Earlier in the day, J&J said its vaccine had shown an overall 66% effectiveness in preventing the disease, although levels of protection differed…

Traders work on the trading floor of the New York Stock Exchange. NYSE Retail investors have outsmarted smart money, and the war between Reddit merchants and hedge funds seems to have left an indelible mark on Wall Street. For large investors or hedge funds short of individual stocks, some of those positions have been besieged…