Congressional report: U.S. FDA broke own protocols in approving Biogen Alzheimer’s drug

Congressional report: U.S. FDA broke own protocols in approving Biogen Alzheimer’s drug

WASHINGTON, Dec 29 (Reuters) – The U.S. Food and Drug Administration failed to adhere to its own guidance and internal practices during the approval process for Biogen’s (BIIB.O) Alzheimer’s drug Aduhelm, which was “rife with irregularities,” a congressional report showed on Thursday. The FDA’s interactions with Biogen were “atypical” and did not follow the agency’s … Read more

China’s COVID cases overwhelm hospitals

China’s COVID cases overwhelm hospitals

BEIJING, Dec 26 (Reuters) – In more than three decades of emergency medicine, Beijing-based doctor Howard Bernstein said, he has never seen anything like this. Patients are arriving at his hospital in ever-increasing numbers; almost all are elderly and many are very unwell with COVID and pneumonia symptoms, he said. Bernstein’s account reflects similar testimony … Read more

First foreign COVID vaccines head to China from Germany

First foreign COVID vaccines head to China from Germany

Batch of BioNTech shots on the way to China German citizens will get shot; Berlin pushes for wider use Shipment comes after Scholz visit to China last month Comes as infections spike in world’s No. 2 economy BERLIN, Dec 21 (Reuters) – Berlin has sent its first batch of BioNTech (22UAy.DE) COVID-19 vaccines to China … Read more

Wall St closes slightly higher after four-day sell off

Wall St closes slightly higher after four-day sell off

BOJ policy shift knocks global sentiment Tesla falls 8% after brokerages cut PT Energy stocks lead gains on crude support Indexes up: Dow 0.28%, S&P 0.10%, Nasdaq 0.01% Dec 20 (Reuters) – Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors fretted about weak holiday shopping and rising bond yields … Read more

The world fears a new China COVID wave, ponders how to help Xi

The world fears a new China COVID wave, ponders how to help Xi

WASHINGTON, Dec 20 (Reuters) – Officials and global health experts outside China are anxiously watching a COVID-19 surge there, worried a nation of 1.4 billion people is inadequately vaccinated and may not have the healthcare tools to treat a wave of illness expected to kill more than one million people through 2023. Some U.S. and … Read more

China braces for COVID spread to countryside as holidays near

China braces for COVID spread to countryside as holidays near

Beijing dropped many anti-virus curbs last week Millions set to travel across country for Lunar New Year China stocks ventilators, drugs, tests for rural areas Infection waves dim near-term growth prospects BEIJING/SHANGHAI, Dec 16 (Reuters) – China set out urgent plans to protect rural communities from COVID-19 on Friday as millions of city-dwellers planned holidays … Read more

Biden blacklists China’s YMTC, crackdowns on AI chip sector

Biden blacklists China’s YMTC, crackdowns on AI chip sector

WASHINGTON, Dec 15 (Reuters) – The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could … Read more

China pushes vaccines as retreat from ‘zero-COVID’ turns messy

China pushes vaccines as retreat from ‘zero-COVID’ turns messy

Beijing urges inoculations for elderly WHO calls for vaccine drive as virus spreads Economic summit starts amid more dire data BEIJING/SHANGHAI, Dec 15 (Reuters) – China raced to vaccinate its most vulnerable people on Thursday in anticipation of waves of COVID-19 infections, with some analysts expecting the death toll to soar after it eased strict … Read more

China’s COVID spike not due to lifting of restrictions, WHO director says

China’s COVID spike not due to lifting of restrictions, WHO director says

WHO says China’s control measures were not stopping COVID-19 Countries should ask are the right people sufficiently vaccinated Open channels between China and WHO – Ryan GENEVA, Dec 14 (Reuters) – COVID-19 infections were exploding in China well before the government’s decision to abandon its strict “zero-COVID” policy, a World Health Organization director said on … Read more

S&P 500 snaps losing streak on jobless claims rise

S&P 500 snaps losing streak on jobless claims rise

Weekly jobless claims rise in line with estimates Moderna, Pfizer up as FDA authorizes updated COVID boosters Exxon climbs after boosting buyback program Dec 8 (Reuters) – The S&P 500 (.SPX) closed higher on Thursday, snapping a five-session losing streak, as investors pushed the index higher after interpreting data showing a rise in weekly jobless … Read more