WHAT YOU NEED TO KNOW
- Boeing said it will require nearly 125,000 U.S. employees to receive a COVID-19 vaccination by Dec. 8 under President Joe Biden’s executive order requiring federal employees and contractors to receive the shots. Boeing said its U.S. employees will either need to show proof of vaccination or have an approved medical or religious exemption.
- Stock futures rose Thursday as major banks reported earnings. Bank of America’s third-quarter profit increased 58%, suggesting banks’ lending businesses are improving from a pandemic slump. The second-largest U.S. bank earned $7.69 billion, a $4.88 billion a year increase when compared to a year earlier.
- Stocks rise as Wall Street wades into bank earnings blizzard – Reuters
- Economic challenges piling up for the Biden administration – The Washington Post
- Those who received a Johnson & Johnson coronavirus vaccine are better off getting a booster shot from Pfizer or Moderna, according to preliminary data from a federal clinical trial mixing and matching COVID-19 vaccinations. Although all the vaccine combinations lifted antibody levels, Pfizer’s and Moderna’s boosters appeared to have a higher increase in their antibody responses more often than those who received an extra dose of J&J.
- Johnson & Johnson Covid-19 Booster Shot Bolsters Immune Defense, FDA Staff Say – The Wall Street Journal
- U.S. FDA staff says Moderna did not meet all criteria for COVID-19 boosters – Reuters
- What to expect from FDA panel on boosters for Moderna, Johnson & Johnson vaccines – ABC News
- @Yamiche : A key federal advisory committee is set to begin two days of meetings that are expected to strongly influence decisions on whether at least some recipients of the Moderna and Johnson & Johnson coronavirus vaccines will soon be eligible for booster shots.
- Soaring natural gas and coal prices are putting pressure on power-generation companies to switch to oil, a trend that could add half a million barrels a day to global demand, the International Energy Agency said. Roughly half of U.S. households that use natural gas heat can expect to spend 30% more on their bills, according to the Energy Information Administration. The IEA increased its global oil demand forecasts for this year and the next by 170,000 and 210,000 barrels a day, respectively.
- From cars to gasoline, surging prices match a 13-year high – Associated Press
- Biden team asks oil industry for help to tame gas prices – Politico
- @ChuckGrassley : energy prices on rise incl crude oil up 64% + natural gas almost doubled in 6 mos + heating oil up 68% + coal prices at record high +Americans are paying $1 more at the pump than last yr + inflation =b4 winter weather causes prices to spike further energy independence in jeopardy
- Six in seven COVID-19 infections remain undetected in Africa, according to the World Health Organization, proving the pandemic’s impact on the continent with the fewest vaccinated individuals could be underestimated. Roughly 90,000 Americans likely died from June through September for failing to get vaccinated against COVID-19, according to Kaiser Family Foundation analysis. The study found the disease was the country’s second-leading cause of death last month.
- Most African countries missed a target to vaccinate 10 percent of their people. – The New York Times
- Vaccines may have prevented a quarter-million Covid-19 cases and 39,000 deaths among seniors – CNN
- @thehowie : Quietly (without much notice by most), Russia is at a new record for cases and deaths today. They are one of least vaccinated countries in the world (31% fully vaccinated).
“U.S. Consumer Prices Outpace Forecast as Inflation Dogs Economy” – Bloomberg / Source: Bureau of Labor Statistics, Bloomberg survey
- Turbine Labs has tracked 18,234 media articles and blogs and 16,664 social media posts over the last 24 hours.
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