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The discussion around U.S. use of convalescent plasma as a Covid-19 treatment continued on Tuesday. Food and Drug Administration Commissioner Dr. Stephen Hahn acknowledged late Monday that criticism of his comments about the benefits of the treatment are “entirely justified.” Hahn, at a press conference with President Donald Trump, said that of 100 Covid-19 patients, “35

Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Delta Air Lines will furlough 1,941 of its pilots in October unless it can reach a cost-cutting agreement with the employees’ labor union, the airline said Monday. U.S. airlines

Getty Images As the second quarter kicked off, consumers had some cash to burn. They had refunds from canceled summer plans and money they would typically spend out to dinner or at the movies, not to mention extra funds from government stimulus checks.  Yet many decided to skip the mall. Instead, they bought computers, home

Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the

Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company’s destruction of two ancient caves in Australia. The world’s biggest iron ore miner stopped short of firing any of its

Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue. With stocks closing at all-time highs after a record-making week, the narrow leadership from growth stocks may be an indicator of what’s to come, the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday. “A lot of

The Robert F. Kennedy Memorial Stadium is seen in this aerial photograph taken above Washington, D.C., Nov. 4, 2019. Al Drago | Bloomberg | Getty Images Jason Wright, the new president of Washington’s football team, will start his role Monday with his initial business strategies in place as he aims to fix the club’s damaged

On film studio set close up shot of empty director’s chair. gorodenkoff | iStock | Getty Images Solstice Studios was supposed to begin filming its newest feature starring Ben Affleck in Los Angeles back in April. While the film’s production was halted by the coronavirus, it’s the lack of widely available testing that will keep it

Shannon Axelsson takes a break from sitting on the beach to be tested for the coronavirus disease (COVID-19) in Revere, Massachusetts, August 11, 2020. Brian Snyder | Reuters New coronavirus cases in the U.S. grew by nearly 48,700 on Friday, marking seven consecutive days the daily count fell below 50,000 as the nation gradually descends

Robert O’Neill speaks during book signing and lecture at Richard Nixon Library on July 26, 2017, in Yorba Linda, California. Phillip Faraone | Getty Images A former Navy SEAL who said he killed Osama bin Laden was banned by Delta Air Lines this week for not wearing a face mask on a flight, according to a person

Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | Pool | Reuters The U.S. could get the coronavirus pandemic under control if most Americans wear masks, embrace social distancing and practice good

Lisa Taylor receives a COVID-19 vaccination from RN Jose Muniz as she takes part in a vaccine study at Research Centers of America on August 07, 2020 in Hollywood, Florida. Joe Raedle | Getty Images The World Health Organization said Friday that a vaccine will be a “vital tool” in the global fight against the

A pedestrian wearing a protective mask walks near a temporarily closed New York & Co. store in Silver Spring, Maryland, U.S., on Friday, June 5, 2020. Andrew Harrer | Bloomberg | Getty Images Over a two-week span in early July, seven retailers, including The Paper Store, Brooks Brothers and Lucky Brand, filed for bankruptcy protection.  J.Crew, Neiman

National Development and Reform Committee announced that we are ready to launch iron ore futures in Beijing, China. TPG | Getty Images Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130

July was a whirlwind for international students in the United States. On July 6, 2020,the U.S. Immigration and Customs Enforcement agency, also known as ICE, announced that foreign students would have to leave the country if their colleges and universities went online-only for the fall semester because of the coronavirus pandemic. A little over a week later the decision was reversed

A rendering of Taco Bell’s Go Mobile restaurant design Source: Taco Bell Taco Bell unveiled its latest restaurant design on Thursday, intended to push customers to order their nachos and burritos ahead and keep drive-thru lines short as the coronavirus pandemic leaves lasting marks on consumer behavior. The pandemic has prompted many restaurant chains, including

Technology is shaping the future of the automotive industry and it’s creating a big opportunity in the semiconductor space, Vincent Roche, chief executive of chipmaker Analog Devices, told CNBC Wednesday. “Semiconductors and software are really the future of cars. That’s the way to think about it,” he said in a “Mad Money” interview with Jim

United States Postal Service (USPS) employee Brandis Neal delivers an Amazon Prime package in Houston, Texas, U.S., August 18, 2020. Adrees Latif | Reuters Nathan Geissel, who lives in rural Oregon, has been waiting more than nine days for a life-saving medication to arrive in the mail. As far as he knows, it’s stuck in

Back-to-school supplies are displayed at a Target store on August 03, 2020 in San Rafael, California. Justin Sullivan | Getty Images Target is set to report its fiscal second-quarter earnings before the bell Wednesday that will show if the retailer got the same bounce in sales from stimulus check spending that helped rival Walmart deliver its

A plume of smoke rises from the Ranch 2 Fire on August 15, 2020 as seen from Azusa, California. Mario Tama | Getty Images California Gov. Gavin Newsom declared a state of emergency Tuesday to ensure the states receive vital resources amid wildfires that have exacerbated a stifling heat wave. At least 27 fires are raging