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Business

Barclays says it’s time to buy cruise stocks

A woman wearing a face mask as a preventative measure against the spread of COVID-19 coronavirus runs in cruise ships in the background in the port of Long Beach, California on April 11, 2020. Apu Gomez AFP | Getty Images (This story is about CNBC Pro subscribers only.) Barclays said on Friday it was time to buy cruise supplies as …

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FDA issues TikTok warning “Benadryl Challenge”

On Thursday, the Food and Drug Administration (FDA) issued a warning about the serious problems associated with an overdose of the allergy drug Benadryl in response to the so-called “Benadryl Challenge” circulated on TikTok. The FDA cites reports of teenagers who end up in emergency rooms or die after participating in rumors. “We are investigating these reports and conducting a …

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Novavax’s stock increased after announcing a vaccine deal with Endo

Shares of Novavax Inc. NVAX, + 5.62% jumped 6.8% in preliminary trading on Friday after the company announced a deal to produce vaccines COVID-19 with Endo International ENDP, + 10.92%. Shares of Endo rose 7.3%. One of Endo’s subsidiaries will provide coating services at a factory in Rochester, Michigan; the product being produced is expected to be used in the …

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Exclusive: AstraZeneca gets partial immunity in cheap EU vaccine deal

BRUSSELS (Reuters) – European governments will pay claims above the agreed limit against AstraZeneca for side effects from a potential vaccine against COVID-19, under different conditions from the deal with Sanofi, an EU spokesman told Reuters. The deals reflect different strategies of two of the world’s best drugmakers to defend themselves as the debate rages over vaccine commitments aimed at …

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Durable goods orders August 2020

New orders for major US-made capital goods rose more than expected in August, and demand for the previous month was stronger than previously reported, showing a steady recovery in production. Orders for non-defense capital goods, excluding aircraft, a closely monitored proxy for business spending plans, rose 1.8 percent last month, the trade ministry said on Friday. The data for July …

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