Business

Regeneron will provide the U.S. with 300,000 doses of its newly authorized Covid-19 antibody treatment by early January, the company’s CEO Dr. Leonard Schleifer said on Monday. The Food and Drug Administration on Saturday granted an emergency use authorization for the company’s antibody treatment, called REGN-COV2. The experimental therapy was given to President Donald Trump when he contracted the coronavirus in October.

Operation Warp Speed chief advisor Dr. Moncef Slaoui has had “no contact” with the incoming Biden administration regarding the transition process and vaccine distribution plans. Since President-elect Joe Biden won the election, President Donald Trump has refused to concede and his campaign has challenged the results of the election in court. Despite his lack of communication with the

Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow palettes and facial scrubs will be the next big thing to drive customers, especially younger

U.S. President-elect Joe Biden removes his face mask as he meets with Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) at his transition headquarters in the Queen theater in Wilmington, Delaware, U.S., November 20, 2020. Tom Brenner | Reuters President-elect Joe Biden will announce cabinet appointments this upcoming Tuesday,

View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization for Regeneron‘s Covid-19 antibody treatment, the experimental therapy given to President Donald Trump when he

The 2020 election. Unrest in the streets. A crippling pandemic. This trifecta of events made people worry about the future of America. And when people are worried in America, they buy guns. Gun sales in 2020 have surged, and the market for gun parts and ammunition has gone up with it. Federal background checks have

Medical workers wearing personal protective equipment (PPE) administer Covid-19 tests at a drive-thru testing site at the Alemany Farmers Market in San Francisco, California, U.S., on Thursday, Nov. 19, 2020. David Paul Morris | Bloomberg | Getty Images The United States reported 187,833 new Covid-19 cases on Thursday, yet another record-breaking daily total as U.S.

When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals. They began checking off tasks on the “to do list,” from painting walls to replacing old appliances. Home Depot and Lowe’s reported that appetite for home improvement continued in the third quarter, as consumers invested in one of

WILMINGTON, DE – NOVEMBER 19: President-elect Joe Biden answers a reporter question after he delivered remarks at the Queen in Wilmington, Delaware on Thursday, Nov. 19, 2020. (Photo by Salwan Georges/The Washington Post via Getty Images) The Washington Post | The Washington Post | Getty Images President-elect Joe Biden will reenter the U.S. into the

Residents undergo a free rapid antigen nasopharyngeal swab test for Covid-19 at a testing facility set up in a school sports hall, on November 20, 2020 in Bolzano, South Tyrol, Northern Italy. PIERRE TEYSSOT | AFP | Getty Images LONDON — People who have contracted the coronavirus are “highly unlikely” to contract the disease again

The Department of Health and Human Services has launched a pilot program with five states to introduce the rapid, point-of-care Covid-19 test, using the same diagnostics the National Basketball Association employed to finish its season, the agency announced Thursday. The pilot program — adopted by Florida, Louisiana, New Jersey, Texas and Alaska — is expected

General Motors has no plans at this time to spin off its electric vehicle business despite pressure from Wall Street to do so, GM President Mark Reuss told CNBC. Reuss said the Detroit automaker analyzed the potential of a spinoff and determined it would not be the right thing for its business, citing costs as

A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images More than 400 Southwest Airlines mechanics and technicians, about 15% of the work group, have received notices warning them about potential

A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher minimum wage when President-elect Joe Biden takes office. Starting Dec. 14, baristas, shift supervisors and

Ten years ago, General Motors made its second debut on the New York Stock Exchange in what was then the largest initial public offering in U.S. history — ushering in a new era of renewed optimism for the company and U.S. economy after emerging from bankruptcy in the Great Recession. Then-CEO Dan Akerson rang the

The Federal Aviation Administration on Wednesday cleared the Boeing‘s 737 Max to fly again after a nearly two-year ban, a turning point in a protracted crisis for the aircraft giant stemming from two crashes of its top-selling plane that killed 346 people. “The design and certification of this aircraft included an unprecedented level of collaborative

When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating a headache for Lordstown, Ohio, and the local economy that depended on the factory, drawing

Exterior view of Villa Firenze in Beverly Hills, California Concierge Auctions A $160 million mansion in Beverly Hills, California, is headed to the auction block, making it the most expensive listing ever to auction. The nine-acre estate, called Villa Firenze, will be sold to the highest bidder, with no reserve, by Concierge Auction next month.

A Boeing 737 MAX jet lands following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | AFP | Getty Images The Boeing 737 Max is nearing clearance to fly again after a 20-month ban prompted by two fatal crashes that sent the company into

A pedestrian walks by a Francesca’s store in New York. Scott Mlyn | CNBC Francesca’s said Monday that it will permanently close about 140 stores by the end of January, but also warned that it may have to take more significant steps to stabilize its finances — including filing for bankruptcy. The apparel and accessories