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FDA Appears Close to Approving ‘Highly Effective’ Moderna COVID-19 Vaccine

Moderna Inc.’s COVID-19 vaccine appeared to be set for regulatory authorization this week after U.S. Food and Drug Administration staff members did not raise any major new concerns about it in documents released on Tuesday. The FDA reviewers said a …

Insurers, Regulators Warn About Safety of Jets Reactivated After Pandemic Storage

SYDNEY – Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage during the COVID-19 pandemic, citing potential pilot rustiness, maintenance errors and even insect nests blocking key sensors. The unprecedented number …

Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield

A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by separating out coronavirus liability protections and state aid — the two most contentious and partisan items. After Republicans and Democrats …

California Seeks Court Help With Investigation of Amazon Coronavirus Policies

California Attorney General Xavier Becerra on Monday petitioned a court to force Amazon.com Inc. to comply with outstanding subpoenas over a state investigation into its handling of the coronavirus pandemic. The petition, filed with the Sacramento County Superior Court, accused …

Flight Attendants Say United Airlines Quarantine Protocols Are Unsafe

United Airlines is telling some flight attendants whose colleagues test positive for COVID-19 to keep flying and monitor for symptoms, three employees told Reuters, raising concerns among staff about the policy. “Most of us feel that’s unsafe,” said one of …

Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study

The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study finds. The pandemic’s …

Bipartisan COVID Relief Plan Expected to Put State Aid, Liability Shield in Separate Bill

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi discussed developments on federal funding, including pandemic relief, during a roughly half-hour phone call on Sunday and agreed to speak again on Monday, Pelosi spokesman Drew Hammill said on Twitter. In …

Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market

LONDON – A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials …

Free Shots, Cash Bonus, Firing. Employers Weigh How to Get Employees Vaccinated

U.S. workers could soon face choices such as free COVID-19 shots and a cash bonus if all get immunized, or those unwilling to be vaccinated get reassigned or even lose their jobs. Those options are being studied by businesses hoping …

FDA Expected to Quickly Approve Pfizer’s COVID Vaccine

The U.S. Food and Drug Administration said on Friday it was working rapidly to issue an emergency use authorization for Pfizer Inc’s COVID-19 vaccine, with the first Americans set to be immunized as early as Monday or Tuesday. U.S. Department …