Business

WASHINGTON – President Biden on Monday canceled a visit to a coronavirus vaccine plant run by Emergent BioSolutions after The New York Times published a lengthy investigation into how the company had gained a huge impact on the country’s emergency medical reserve. Instead of visiting the Emergent facility in Baltimore on Wednesday, the president will convene a meeting at the …

The conversation Economists: Biden’s $ 1,400 COVID-19 checks may be great policy, but it’s a dubious economy Most people used the first coronavirus test to make their savings or pay off their debt. AP Photo / Eric Gay $ 1,400 direct human scans are the most expensive and perhaps most popular part of the $ 1.9 trillion coronavirus relief package …

In an attempt to prove that his robot drivers are safer than humans, Waymo simulated dozens of fatal real-world crashes that occurred in Arizona over nearly a decade. Google spinoff has found that replacing any vehicle in a two-car crash with its robot-driven van will virtually eliminate all deaths, according to data released today. The results are intended to support …

Katie Wood Crystal Mercedes CNBC Ark Investment Management founder and CEO Katie Wood said she was not worried about the recent decline in her funds and that the bull market was simply expanding to include more value-added strategies. The hot investor added that over time, its destructive strategy will pay off. “Currently, the market is expanding and we believe that …

The bank aims for net zero greenhouse gas emissions – including from the companies and projects it finances – by 2050. This is a key step towards Wales Fargo (WFC), which has long been a major supporter of oil, natural gas and coal projects that climate activists warn threaten the planet. “This transition to a low-carbon economy is real. And …

Sam’s club said Monday that it is now selling the Echelon Fitness Sport-s Connected Bike, an alternative to the motorcycle created by Peloton Interactive Inc. PTON, -3.96% and priced at $ 799 plus membership fees. The bike was created exclusively for Sam’s Club, which is part of Walmart Inc. WMT, -0.68% portfolio. The Sport-s Connected Bike comes with a 10-inch …

Amazon has acquired a minority stake in Air Transport Services Group, an air freight partner that manages a significant stake in the company’s fast-growing aviation logistics unit. Amazon is holding warrants on ASTG, which will allow it to acquire about 13.5 million shares in the cargo airline at an exercise price of $ 9.73 per share, or more than $ …

Gambit Construction Entrance sign on a construction site outside Engleton, Texas, on March 4, 2021. Mark Felix / Bloomberg via Getty Images The sheets cover the equipment in the Gambit energy storage park. Mark Felix / Bloomberg via Getty Images The contractor goes through the Gambit energy storage park. Mark Felix / Bloomberg via Getty Images An aerial view of …

Ether is the cryptocurrency of the Ethereum network Photo library / Getty images A change in the Ethereum network, which will reduce the limited amount of existing ether tokens, could set off “explosive growth” in the world’s second-largest cryptocurrency, experts say. On Friday, the developers of the Ethereum blockchain approved a major change in the way the network works, which …

The Dow rose nearly 550 points, or 1.7 percent, during lunchtime, while investors welcomed the Senate’s adoption of the Covid-19 aid package, which aims to strengthen the U.S. economy. The S&P 500, Wall Street’s broadest measure, also collected little, gaining 0.5%. But the sale of technology stocks continued on Monday, dragging the Nasdaq by 1.1%. In fact, Apple (AAPL),, Microsoft …