The U.S. Food and Drug Administration (FDA) has granted full approval to Novavax’s COVID-19 vaccine, but with noteworthy limitations. While the company previously held emergency use authorization (EUA) for individuals aged 12 and older, this full licensure applies only to adults 65 and older, or to individuals aged 12 to 64 who have specific health…
Author: Ryker
Allegiant Air Launches First Gulf Shores Flights, Ending Long Drives Between Houston and Alabama Coast
The drive from Houston, Texas, to Gulf Shores, Alabama, spans nearly nine hours—a potentially tiring journey, especially for solo travelers or those accompanied by restless children. The lengthy road trip often tests patience, making the prospect of a more efficient travel alternative highly appealing. Fortunately, travelers will soon have a new option to reach the…
Social Security Garnishment Set to Resume for Defaulted Student Loans, Threatening Millions of Seniors
Beginning next month, Social Security recipients who are behind on their federal student loans will face garnishment of up to 15% of their monthly benefits. This move comes as the Trump administration reinstates the Treasury Offset Program (TOP), a federal debt collection mechanism that allows the government to withhold funds from sources like tax refunds,…
Novo Nordisk CEO Steps Down Amid $300 Billion Stock Drop and Escalating Weight-Loss Drug Battle
Novo Nordisk announced that CEO Lars Fruergaard Jørgensen will step down in response to growing market pressures and a sharp decline in the company’s share price. The decision was made jointly by Jørgensen, the company board, and the Novo Nordisk Foundation. The announcement cited recent market challenges, the falling stock value, and the foundation’s wishes…
Japan’s Economy Shrinks as Export Slump and Trump-Era Tariffs Undermine Recovery Hopes
Japan’s economy contracted at an annual rate of 0.7% in the first quarter of 2025, according to data released by the Cabinet Office. This marked the first economic shrinkage in a year, with a quarter-on-quarter decrease of 0.2%. The downturn was more severe than economists had anticipated, highlighting ongoing vulnerabilities in the Japanese economy amid…
Coinbase Breach Exposes User Data in $400M Insider Attack as Company Rejects Ransom Demands
Coinbase disclosed a significant cybersecurity incident in which cybercriminals bribed overseas support contractors to steal sensitive customer information. The attackers gained unauthorized access to customer support systems and extracted data for a subset of users. Although private keys and passwords were not compromised, the data obtained included names, contact information, partial Social Security numbers, government…
Dick’s Sporting Goods Acquires Foot Locker for $2.4B to Boost Global Reach and Counter Tariff Pressures
Dick’s Sporting Goods is set to acquire the struggling footwear retailer Foot Locker in a $2.4 billion deal, marking the second major footwear buyout within weeks amid economic uncertainties, including U.S. trade policies under former President Donald Trump. The deal signifies a strategic move to consolidate market power as companies brace for shifting consumer behaviors…
U.S. Pressures EU on Trade as Switzerland and UK Pull Ahead in Deal Talks
U.S. Treasury Secretary Scott Bessent recently stated that Switzerland and the United Kingdom had moved ahead of the European Union (EU) in negotiating a trade agreement with the United States. This move signals growing impatience from Washington regarding the EU’s slower pace in trade negotiations. Despite this warning, EU officials remain unfazed, citing the bloc’s…
S&P 500 Wipes Out 2025 Losses as Inflation Cools and U.S.-China Tariff Truce Lifts Market Sentiment
The S&P 500 has completely erased its losses for the year, marking a significant milestone in its recovery from near-bear market territory. After a turbulent start to the year, the index’s strong performance reflects renewed investor confidence, driven by easing macroeconomic pressures and improving trade relations. This rebound highlights the resilience of the broader market…
China’s Car Sales Climb 15% in April as NEVs Surge Despite Export and Safety Setbacks
China’s car market experienced a significant boost in April, with passenger vehicle sales rising 14.8% year-on-year, marking the third consecutive month of growth. According to the China Passenger Car Association (CPCA), sales reached 1.78 million units in April alone. Over the first four months of 2025, total car sales climbed 8.2% to 6.97 million units,…