President Joe Biden received his COVID-19 vaccine booster shot Monday afternoon at the White House following approval by federal health officials. Pfizer recently announced it is testing a pill that could help people ward off COVID-19 if a close contact gets the virus. The drugmaker also submitted data to the Food and Drug Administration to clear its COVID-19 vaccine for use in children ages 5 to 11.
Orders placed within U.S. manufacturers for business equipment strengthened in August, extending to six months a solid run of robust capital investment that’s helping aid economic growth. The strong demand for computers and electronic products kept the spending on track – core capital goods orders increased 0.5% and shipment rose 0.7%.
For the first time in his presidency, Biden faces a trust deficit among Americans when it comes to COVID-19. Business groups are growing increasingly frustrated as Labor Department officials move forward with Biden’s vaccine requirement, criticizing the administration’s refusal to engage in dialogue with the business community.
After an initial dip in the beginning of the pandemic, advertising has soared. Digital advertising in particular is driving the boom, increasing from 48% of media spend in 2019 to 52% in 2020. As coronavirus fatigue sets in, advertisers have begun turning away from overt references to the virus. Grocery delivery service Instacart is expanding its advertising business, confident that consumers will continue to use the platform even as pandemic-related restrictions ease.
Health experts expect the upcoming flu season to be worse than last year, which experienced an unprecedented lull due largely in part to coronavirus-related precautions. The flu’s absence spared healthcare workers, hospitals and the general population a second swell of sickness atop the pandemic, but some experts say the previous season left our immune cells without an “important annual reminder.”
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