In a groundbreaking move, the Food and Drug Administration has approved Merck’s new vaccine, Capvaxive, specifically designed to protect adults from pneumococcus bacteria, a leading cause of pneumonia and serious illnesses. This innovative vaccine targets 21 strains of the bacteria, aiming to prevent the severe form of pneumococcal disease that can lead to other health
In recent months, the rate of price increases for food has shown signs of slowing down, according to government data on inflation. However, the impact of these higher prices is still being felt by many American consumers. A staggering 80% of Americans have reported seeing a significant rise in the cost of groceries over the
The U.S. Department of the Treasury, along with the IRS, has recently revealed a plan aimed at closing a significant tax loophole utilized by large, intricate partnerships. This initiative has the potential to generate over $50 billion in tax revenue over the next decade. The focus of this plan is on eliminating what is known
The Federal Reserve recently announced that it will not be making any changes to interest rates in the near future, leaving consumers with high credit card interest rates. With rates nearly reaching an all-time high of 21%, it is crucial for consumers to take control of their situation and explore ways to lower their credit
Car owners have been experiencing a significant financial burden in recent years due to the combination of high car prices and interest rates. According to industry experts, the average monthly car payment reached $760 as of May, marking a steep rise from the $535 average payment in May 2019. This represents a roughly 40% increase
Nvidia’s recent surge in the stock market has led to a significant impact on the Technology Select Sector SPDR Fund (XLK). With Nvidia’s market cap exceeding $10 billion, the ETF will have to adjust its holdings by acquiring more shares of the chip giant while drastically reducing its exposure to Apple. The current top stocks
Berkshire Hathaway, under the guidance of the late Charlie Munger, has been actively reducing its stake in BYD, China’s largest electric vehicle manufacturer. The conglomerate recently sold 1.3 million shares of BYD on the Hong Kong stock exchange, amounting to $39.8 million. This move brought down Berkshire’s ownership from 7% to 6.9%, marking a significant
Eli Lilly’s success in the weight loss and diabetes treatment market has been nothing short of extraordinary. The demand for their medications, such as Mounjaro and Zepbound, has skyrocketed over the past year, leading to a significant increase in revenue and investor optimism. However, while the company has seen impressive growth under the leadership of
The shophouses in some of Singapore’s oldest neighborhoods are nothing short of stunning. These colonial-era buildings, some of which date back to the 1840s, are highly sought after by investors despite their exorbitant prices. Just in the first quarter of this year, the sales volume of shophouses in Singapore skyrocketed by 52.2%, amounting to $169.1
Starboard Value, an activist fund led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk, reportedly valued at around $500 million. The fund has engaged in discussions with Autodesk’s board regarding several serious concerns related to the company’s disclosures concerning an internal investigation that resulted in the removal of its chief