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Breaking News: Business


Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton said Thursday it will delay the launch of its Tread machine in the United States, until new safety features are added. The new, less expensive treadmill was set to go on sale May 27. It had already been available in Canada and …

WASHINGTON — The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines, as countries struggle to manufacture the life-saving doses. “This is a global health crisis, and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures. The Administration believes strongly in intellectual property protections, but in service of ending this …

Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks to pivot to e-commerce following a historic Reddit-fueled short squeeze earlier this year. Shares of …

A view shows the container ship Ever Given, one of the world’s largest container ships, after it was partially refloated, in Suez Canal, Egypt March 29, 2021. Suez Canal Authority | Reuters The Ever Given, the massive container ship that became wedged in the Suez Canal and cut off traffic in the vital waterway for …

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Photo by Johannes Eisele | AFP | Getty Images It took the SPAC market just three months to …

Traders work on the floor of the New York Stock Exchange. NYSE Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation. “It’s been a long time since stock traders have cared about bond auctions,” Matt Maley …

Oprah Winfrey interviews Prince Harry and Meghan Markle. Harpo Productions | Joe Pugliese | Getty Images Around 17.1 million people tuned in for Oprah Winfrey’s Sunday night interview with Prince Harry and Meghan Markle on CBS, according to network, citing Nielsen data. The two-hour sit down, called “Oprah with Meghan and Harry: A CBS Primetime …

Here are some of the biggest developments Monday: The U.S. is recording at least 67,300 new Covid-19 cases and at least 2,010 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data. The following data was compiled by Johns Hopkins University: Global cases: More than 114.22 million Global …

Quest Diagnostics doubles genetics sequencing to find Covid variants A Quest Diagnostics requisition form is displayed for a photograph at Perry Memorial Hospital in Princeton, Illinois, U.S.. Daniel Acker | Bloomberg | Getty Images Quest Diagnostics said it has doubled the amount of genetic sequencing it’s doing in an effort to track new mutations and …

Many Americans have logged on to websites before sunrise, waited in long lines and driven hours to get Covid vaccines. Yet in nursing homes, many people have reacted the opposite way to vaccination opportunities: About 60% of employees at long-term care facilities declined the shots, said Rick Gates, Walgreens senior vice president of pharmacy and …