A worker holds a bottle of Merck & Co.'s molnupiravir antiviral medication in a warehouse in Shoham, Israel, on Jan. 18, 2022.Bloomberg | Bloomberg | Getty ImagesA new study released Monday said Merck's widely used antiviral Covid pill can cause mutations in the virus that occasionally spread to other...
Artist's rendering of Sierra Space's Dream Chaser space plane in this undated handout obtained March 25, 2022.Sierra Space | via ReutersSierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, is finalizing a raise of nearly $300 million, CNBC has learned.The round values the space company at about...
A battle between elite membership clubs is about to reach a whole new level, as Core Club's new 60,000-square-foot megaclub prepares to open in Manhattan next month.The new Core space, spread over four floors above Midtown, is the latest in a wave of elite membership clubs that have opened...
Rolled aluminum is fed into a machine on the auto treatment line at the Alcoa Inc. Davenport Works aluminum facility in Riverdale, Iowa.Daniel Acker | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Alcoa — Shares of the aluminum stock slipped 5% after the company said...
Surging prices for soft commodities, from orange juice to live cattle, are complicating the inflation picture. A host of agricultural commodities have climbed in recent months, driven by weather-related damage and rising climate risks around the globe, resulting in tighter supplies. The higher prices add another layer of pain...
Vanguard Group Inc. is planning its first active exchange-traded funds in two years, with both new planned products focused on the fixed-income market. The asset management giant aims to launch the Vanguard Core Bond ETF, which would trade under the ticker VCRB, and the Vanguard Core-Plus Bond ETF (VPLS) by...
Planning for retirement can be a complicated problem. After all, there are a lot of decisions to consider — from life expectancy and how early you want to start planning to how much to put away to save and how much to spend in retirement. According to the Department of Labor,...