The FDA said the Johnson & Johnson one-dose vaccine appeared safe and effective in trials, paving the way for its approval for emergency use as soon as this week. A Johnson & Johnson executive said the company expects to ship nearly 4 million doses after authorization.
Business & Financial News, U.S & International Breaking News
U.N. aid chief urges Gulf states to step up to avert Yemen famine
U.N. aid chief Mark Lowcock urged Gulf states to step up next Monday when the world body seeks to avert a large-scale "man-made" famine in Yemen by raising $3.85 billion for humanitarian operations in the war-torn Arabian Peninsula country for 2021.
Senate meetings on Tanden postponed, suggesting lack of support for Biden budget pick
Two Senate committees postponed meetings scheduled for Wednesday to consider President Joe Biden’s pick as budget director, Neera Tanden, suggesting she may not have the votes to be approved and thus become the first high-profile Biden nominee to be rejected.
Wall Street advances as Fed's Powell soothes inflation worries
Shares on Wall Street rallied on Wednesday, with the Dow hitting a record high, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.
Fed says restoring disrupted Fedwire, other services
The Federal Reserve on Wednesday said it is restoring services disrupted by an "operational error" that resulted in outages for a dozen areas, including check clearing and Fedwire, which handles trillions dollars in transactions daily for the world's biggest banks.
Drunk driving charge dropped against Springsteen; $500 fine for drinking at beach
Bruce Springsteen was fined $500 on Wednesday after the rock 'n' roll legend pleaded guilty to a charge of consuming alcohol at a federally run New Jersey beach in November, and prosecutors dropped drunk driving and reckless driving charges.
Charlie Munger warns of market excesses, frowns on gambling mentality and bitcoin
Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday suggested the stock market environment bears signs of a bubble, reflecting a "dangerous" mentality among some investors to gamble on stocks as they would horse races.
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