Business

Treasury’s Bessent says he doesn’t support suspending monthly jobs reports

Treasury Secretary Scott Bessent on Wednesday said that he doesn’t think the Bureau of Labor Statistics (BLS) needs to pause monthly jobs report releases because of instances of large revisions in the data in subsequent reports. Bessent was interviewed on “Bloomberg Surveillance” and he was asked about comments made by Heritage Foundation…

How Kodak went from film giant to facing financial peril

Kodak, once a titan in the film era, now risks fading into history as it faces the possibility of shutting down operations for good. The company experienced years of decline after failing to capitalize on the technology that it was credited with inventing, eventually leading the company down a path…

FDA may revoke Pfizer COVID-19 vaccine authorization for kids under certain age

The U.S. Food and Drug Administration (FDA) may not renew the Emergency Use Authorization for the Pfizer-BioNTech COVID-19 vaccine for children under the age of five, the company said.  The possible move would pull the only available coronavirus vaccine for young children from the market. “We are currently in discussions with…

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