Zoom In IconArrows pointing outwardsMerck's new pneumococcal vaccine. Courtesy: MerckThe Food and Drug Administration on Monday approved Merck's new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the drugmaker said.Merck's shot, called Capvaxive, specifically protects against...
Year: 2024
Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017.Tyrone Siu | ReutersNvidia's blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple.The...
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024.CNBCBerkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China's biggest electric vehicle maker.Warren Buffett's conglomerate has sold an additional 1.3 million Hong...
Beatrice Advisors launches to serve millennial and Gen Z investors from diverse backgrounds
Christina Lewis, founder of Beatrice Advisors, at her home office with a portrait of her father, Reginald Lewis.Cindy JohnsonChristina Lewis had her first asset allocation meeting with her wealth manager when she was 13.“I remember the meeting well,” Lewis said. “It was a turbulent time for my family. And [the...
Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level
Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy.In a CNBC interview, Yellen also noted that high interest rates are adding to the burden as the U.S. manages its massive...