Business News – 06-10-2021

Vaccinations for Covid-19 for Children is ‘a must’ says FDA advisor

  • Dr. Paul Offit, a top FDA advisor says Children must be vaccinated against the virus and he also has said, “About 300 kids have died from Covid so far”. 
  • It has become an increasing concern for this FDA advisor that there are more variants of the virus and they are becoming more contagious and he sees the need for a higher level of population immunity

New possible deal between SpaceX and airlines in the near future for in-flight Wi-Fi

  • SpaceX is currently talking with several airlines to discuss using their Starlink Satellite internet network for in-flight Wi-Fi 
  • SpaceX’s vice president Jonathan Hoefeller said yesterday that they are currently working on finalizing their Starlink satellite to be put on an aircraft very soon
  • Currently there is no timeline for when Starlink will come to services inflight

CDC finds heart inflammation to be above expected baseline in those aged 16-24 years old after 2nd vaccine shot

  • A heart inflammation condition that affects 16 to 24 year olds has been above the CDC’s expectations after they received their second dose of either Moderna’s vaccine or Pfizer’s
  • So far there has been 275 recorded cases of pericarditis or myocarditis which is the heart inflammation condition 

Millionaires in the Millennial generation hold big chunk of their money in Cryptocurrency

  • Almost ½ of millennial millionaires hold a minimum of ¼ of their wealth in Cryptocurrencies
  • The results of the CNBC millionaire survey show that there is a new divide generationally, in wealth creation in cryptocurrencies with young investors who have made large amounts of money from the spike in prices of Bitcoin, Ethereum, and others

FDA is asked by Moderna to approve their vaccine for those 12 through 17 years old

  • Moderna has conducted a study containing 3,700+ people in the 12 – 17 age range
  • Those in the study who have received two doses of the vaccine have shown no cases while those placed in the placebo group have shown 4 cases

Alzheimer’s drug from company Biogen has potential to cost Medicare Billions a year

  • Aduhelm, Biogen’s new Alzheimer’s drug has potential to cost Medicare Billions of dollars per year
  • For an annual course of new treatment, Biogen is requiring a payment of $56,000 and it has been approved this Monday by the FDA

This year’s Back-to-school shopping has potential to beat pre-pandemic levels 

  • For retailers, Back-to-school shopping could become a strong sales season 
  • From the middle of July to early September, sales are expected to increase 5.5% as the years go by when compared to 2019
  • It has also been expected that the clothing industry will see a large spike ins sales as many kids and adults are looking for a “fresh start” when they come back to school this year

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.