Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate

[The stream is slated to start at 3:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and climate bill into law — albeit a …

Read more

Polio has been circulating for months in New York City area and poses an ongoing risk to the unvaccinated, CDC says

Polio has been circulating locally in the New York City metropolitan area for months after an individual introduced the virus from abroad, according to the Centers for Disease Control and Prevention. An unvaccinated young adult in Rockland County, a suburb of New York City, caught polio in June and suffered paralysis. The individual had not …

Read more

Business travel spending might not return to pre-pandemic levels until 2026

Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recover to pre-pandemic levels until sometime in 2026 — two years later than previously expected — as inflation, labor shortages and geopolitical issues slow the sector’s rebound, according to …

Read more

How AMC could stage a comeback in 2022

Movie theaters across the U.S. and worldwide were dealt a massive blow over the past two years. The domestic box-office numbers plummeted from 2019’s box office of $11.15 billion to $3.8 billion in 2021. That’s mainly due to the Covid-19 pandemic, which kept people in their homes. Film studios scrambled to reshuffle movie release dates …

Read more

Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices

A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The …

Read more

CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital

A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City. On Friday vaccine advisers to the US Centers for Disease Control (CDC) and Prevention voted unanimously in recommending a booster shot of the COVID-19 vaccines for all adults in the United States six months after they finish their …

Read more

FDA expands monkeypox vaccine authorization to increase dose supply five-fold

A health worker administers a dose of the Bavarian Nordic A/S Jynneos monkeypox vaccine at a vaccination site in West Hollywood, California, on Wednesday, Aug. 3, 2022. Jill Connelly | Bloomberg | Getty Images The Food and Drug Administration on Tuesday expanded its authorization for the monkeypox vaccine in a way that would significantly boost …

Read more

Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading

In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax deeply cut its full year revenue guidance Monday as sales of its Covid-19 vaccine slowed significantly in the second quarter. …

Read more

'Stressed out' STD clinics struggle to handle surge in monkeypox patients as U.S. outbreak grows

Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, July 25, 2022. Eric Cox | Reuters Dr. Ward Carpenter, co-director of health services at the Los Angeles LGBT Center, said the monkeypox outbreak across the …

Read more

New York polio case is the 'tip of the iceberg,' hundreds of others could be infected, health official says

Digitally generated image of 3D molecular model of polio virus Calysta Images | Tetra Images | Getty Images Hundreds could have polio after an adult in the New York City metro area caught the virus and suffered paralysis last month, the state’s top health official said this week. New York state Health Commissioner Mary Bassett …

Read more