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Vaccine Stocks Skid Despite FDA Experts' Nod For Omicron Shots

Vaccine Stocks Skid Despite FDA Experts’ Nod For Omicron Shots

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A split Food and Drug Administration voted Tuesday to recommend including an omicron-fighting component in updated Covid boosters this fall. But vaccine stocks tumbled. X The Vaccines and Related Biological Products Advisory Committee voted 19-2 in support of omicron-targeted booster shots. This puts the FDA on the path to authorizing updated vaccines in time for …

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Disney CEO Bob Chapek Secures New Long-Term Contract

Disney CEO Bob Chapek Secures New Long-Term Contract

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The Walt Disney Co. is sticking with Bob Chapek. The CEO, who took over from the well-liked Bob Iger just a month before the novel coronavirus pandemic disrupted the world (and of course nearly every line of Disney’s business), has agreed to a new long-term contract to continue leading the entertainment giant. Disney’s board of …

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World's largest direct air carbon capture facility will reduce CO2 by .0001%

World’s largest direct air carbon capture facility will reduce CO2 by .0001%

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The world’s largest carbon direct air capture facility has started construction in Iceland, run by Swiss startup Climeworks AG. When construction finishes in 18-24 months, their facility, named “Mammoth,” will be able to remove 36,000 tons of CO2 from the air per year – which is .0001% of the 36 billion tons of CO2 emitted …

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From milligrams to gigatons: Startup that sucks carbon dioxide from the atmosphere is building a big new plant in Iceland

From milligrams to gigatons: Startup that sucks carbon dioxide from the atmosphere is building a big new plant in Iceland

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Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a …

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CAA Closes $750M Deal for ICM Partners, Consolidating Major Agency Landscape

CAA Closes $750M Deal for ICM Partners, Consolidating Major Agency Landscape

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In a move that consolidates the Hollywood talent agency landscape into three major players, CAA has closed its acquisition of ICM Partners, the companies said.  CAA, led by Bryan Lourd, Kevin Huvane and Richard Lovett, and ICM, led by Chris Silbermann, first unveiled the deal in September, saying that “ICM is one of the best …

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Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet

Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet

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A new report from Bank of America claims that the company has cut air conditioning in an effort to quickly lower expenses to make up for a slump in sales. Bed Bath & Beyond told CNN that any changes in store temperature guidelines did not come from corporate. “We’ve been contacted about this report, and …

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Cadillac Lyriq first drive: A year early and dollar long at $60K

Cadillac Lyriq first drive: A year early and dollar long at $60K

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GM flew us out to beautiful Park City Utah to review the Cadillac Lyric EV last week. It was our first hands-on drive of GM’s first mass-market Ultium drivetrain (with apologies to the 9,000 lb. gorilla in the room, niche HummerEV) vehicle. With Cadillac no longer releasing ICE vehicles and going full EV in just …

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Stocks, oil higher as China relaxes quarantine rules

Stocks, oil higher as China relaxes quarantine rules

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LONDON, June 28 (Reuters) – Global shares were higher on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by half in a major easing of one …

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Cryptoverse: Ether holds its breath for the lean, mean 'merge'

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

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Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register June 28 (Reuters) – Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. …

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Inflation will probably fall, but it won't be the Fed's doing: Morning Brief

Inflation will probably fall, but it won’t be the Fed’s doing: Morning Brief

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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, June 28, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter. The Federal Reserve is working hard to bring down inflation, …

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