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By Denny Jacob CureVac NV shares rose 24%, to $7.94, on Friday after the company said its Covid-19 and flu vaccine candidates are advancing to the next stage of testing following the release of their clinical program data.…

By Bingyan Wang Shares of Chinese auto makers plunged as growing Covid-19 outbreaks across China halted vehicle production, triggering delivery cuts and sparking worries of a sales decline in the world's biggest car market.…

A stock-market paradox, in which bad news about the economy is seen as good news for equities, may have run its course. If so, investors should expect bad news to be bad news for stocks heading into the new year — and there may be plenty…

By Dean Seal Vaxxinity Inc. said Friday that UB-612, its Covid-19 booster candidate, achieved at trial similar results to Pfizer Inc.'s Covid-19 vaccine and better results than AstraZeneca Plc's and Sinopharm Group Co.'s…

The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT,  is “a complete mistake,” according to Mizuho’s chief economist for the U.S. “There is a nontrivial…

Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to rise higher than previously…

Money is still flowing despite concerns about the economy, but Wall Street is wondering how much of that money is being spent on Amazon.com Inc. “The good news is the consumer is still spending,” D.A. Davidson analyst Tom Forte told…

A new study has found that the COVID antiviral Paxlovid can interact badly with certain heart medications, raising concerns for patients with cardiovascular risk who test positive. The study was published in the Journal of the American…

The U.S. Treasury Department on Friday said it plans to start talking with primary dealers in late October about the potential for it to begin buying back some of its older debt to help stave off market…

China's Covid-19 restrictions continued to damp the nation's consumption, with spending falling in the weeklong holidays, official data showed. Travelers in China made 422 million trips during the National Day holiday period…