Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Nvidia’s warning is a reset The bad news didn’t tank the market The Inflation Reduction Act could be bad for the market 1. Nvidia’s warning is a reset Nvidia (NVDA)
Health, Fitness & Food
It’s a dramatic improvement from this winter — there were four times as many hospitalizations and nearly six times as many deaths at the peak of the first Omicron wave — but still stubbornly high numbers. And there are big question marks around what might happen next, as the coronavirus’ evolution remains quite elusive 2½
A health worker administers a dose of the Bavarian Nordic A/S Jynneos monkeypox vaccine at a vaccination site in West Hollywood, California, on Wednesday, Aug. 3, 2022. Jill Connelly | Bloomberg | Getty Images The Food and Drug Administration on Tuesday expanded its authorization for the monkeypox vaccine in a way that would significantly boost
The Biden administration is set to announce a new emergency declaration as early as Tuesday afternoon that would enable providers to inject one-fifth of the currently authorized dose into the skin, rather than a full dose into underlying fat. The move was first reported by the New York Times. The move comes less than a
In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax deeply cut its full year revenue guidance Monday, with no new Covid vaccine sales expected for 2022 in the U.S.
There were 2,891 cases of monkeypox reported in the United States by July 22, about two months after the country’s first case was reported. Case report forms with additional epidemiologic and clinical information were submitted to the CDC for 41% of those cases, though not all details were complete in all of those forms. Among
Hong Kong is reducing the amount of time travelers will need to serve hotel quarantine, from seven days down to three starting Friday. “The seven-day quarantine hotel arrangement will be changed to three days in a quarantine hotel, plus four days of home medical surveillance,” Chief Executive John Lee said at a press conference Monday.
“An adult at a day-care center in the Rantoul area has tested positive for a case of monkeypox,” department Director Dr. Sameer Vohra said at a news briefing. “Screening of children and other staff is taking place now.” Officials did not say how many children might have been exposed to the virus. The worker is
In this article LLY An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Drugmaker Eli Lilly, one of the biggest employers in Indiana, said that the state’s newly passed law restricting abortions will cause the company to grow away
As part of the Biden administration’s declaration of the monkeypox outbreak in the US as a public health emergency, it’s looking into administering Jynneos vaccine shots intradermally instead of subcutaneously. “We’re considering an approach for the current doses of Jynneos that would allow health-care providers to use an existing one-dose vial of the vaccine to
Following Friday’s much stronger-than-anticipated nonfarm payrolls report for July, the 10-Year Treasury yield jumped to more than 2.8% and the stock market began pricing in a higher probability that the Federal Reserve will increase interest rates by 75 basis points at its September meeting. The Fed started its most recent rate hiking cycle to try
Labcorp and Quest don’t dispute that in many cases, their phlebotomists are not taking blood from possible monkeypox patients. What remains unclear, after company statements and follow-ups from CNN, is whether the phlebotomists are refusing on their own to take blood or if it is the company policy that prevents them. The two testing giants
Rochelle Walensky, MD, MPH, Director, United States Centers for Disease Control and Prevention; speaks during the COVID Federal Response Hearing on Capitol Hill on June 16, 2022 in Washington, DC. Joe Raedle | Getty Images The Centers for Disease Control and Prevention estimates about 1.7 million men who have sex with men face the biggest
The announcement came during a briefing with the Department of Health and Human Services. The administration has been criticized at times for its handling of the outbreak, and some have called on the government to declare a national emergency without delay. Since the first US monkeypox case was identified in mid-May, more than 6,600 probable
Erin Woods for the Vote No on the Constitutional Amendment on Abortion canvases a neighborhood on August 01, 2022 in Lenexa, Kansas. Kyle Rivas | Getty Images Senate Majority Leader Chuck Schumer and other leading Democrats on Wednesday said an unexpectedly strong vote to uphold the right to an abortion in “red” Kansas gives their
A preview of the plans obtained by CNN shows that the updated recommendations are expected to ease quarantine recommendations for people exposed to the virus and de-emphasize 6 feet of social distancing. The agency is also expected to de-emphasize regular screening testing for Covid-19 in schools as a way to monitor the spread of the
U.S. Attorney General Merrick Garland announces enforcement actions against Russia, during a news conference at the Justice Department in Washington, U.S., April 6, 2022. Elizabeth Frantz | Reuters The U.S. Justice Department filed a civil complaint Tuesday seeking to block Idaho’s new highly restrictive abortion law on the grounds that it violates the federal act
The pandemic, which has held the United States and almost every other country in its grip, should have taught us valuable lessons about how to manage a public health emergency, but it seems we are making some of the same mistakes we made not even three years ago, when the SARS-CoV-2 virus started to spread.
California Gov. Gavin Newsom (D) talks with reporters after a meeting with Speaker of the House Nancy Pelosi, D-Calif., in the U.S. Capitol, on Friday, July 15, 2022. Tom Williams | CQ-Roll Call, Inc via Getty Images California Gov. Gavin Newsom declared a state of emergency over the rapidly spreading monkeypox outbreak on Monday, the
“This is an outbreak that can be stopped if countries, communities and individuals inform themselves, take the risk seriously and take the steps needed to stop transmission and protect vulnerable groups. The best way to do that is to reduce the risk of exposure. That means making safe choices for yourself and others. “For men
We’re selling 50 shares of Salesforce (CRM) at roughly $181.49 each, 65 shares of Danaher (DHR) at roughly $291.05 each, and 50 shares of Eli Lilly (LLY) at roughly $329.07 each. Following Friday’s trades, Jim Cramer’s Charitable Trust will own 355 shares CRM, decreasing its weighting in the portfolio to 2.20% from 2.51%, 485 shares
San Francisco became the first major US city to declare a local health emergency on monkeypox in an effort to strengthen the city’s preparedness and response amid high demand for the vaccine. The declaration, which goes into effect Monday, is a legal action that allows city departments to mobilize and coordinate more effectively, Mayor London
U.S. President Joe Biden speaks to the media as he arrives at Joint Base Andrews, Maryland, U.S. July 20, 2022. Jonathan Ernst | Reuters President Joe Biden on Saturday tested positive for Covid-19 once again after consecutive days of testing negative for the virus, his physician said. Biden, 79, is experiencing no new symptoms and
The US Food and Drug Administration advised vaccine makers in June to update the boosters to add an Omicron BA.4/5 component and create a bivalent booster. “Pfizer and Moderna have indicated that they anticipate the modified vaccines being available as early as September,” an FDA spokesperson said. HHS announced Friday an agreement to purchase 66
Club holding AbbVie (ABBV) reported a mixed second quarter Friday morning. On the top line, net revenue increased 6.1% on an operational basis to $14.58 billion, but that missed the consensus estimate on FactSet of $14.67 billion. Adjusted earnings per share increased 11.2% to $3.37, beating estimates of $3.32. Included in earnings was a 14-cent
And Garrett-Pate is one of the lucky ones. His partner works an hourly job, so when his doctor recommended that he get the vaccine, he had to go on his lunch hour. After two hours in line, he gave up and went back to work. He had to start the process over again another day
It appears that one of the worst-case scenarios has happened to Bausch Health (BHC) and its patent for Xifaxan, a Salix Pharmaceuticals product used to treat IBS-D (irritable bowel syndrome with diarrhea.) Salix is a subsidiary of Bausch. It was reported Thursday morning that in an oral order, a district court judged said, Norwich, which
Mayo Clinic Laboratories, for example, has the capacity to process 1,000 monkeypox samples a week but has received only 45 specimens from doctors since starting monkeypox testing July 11. Another of the labs, Aegis Sciences Corp., can do 5,000 tests per week but has received zero samples over the past two weeks. At Labcorp, one
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