COVID-19 Pandemic

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Biden to give chip maker $1.5 billion to expand U.S. production

The Biden administration said Monday the government is providing $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. The announcement is the third award of direct financial support for a semiconductor company under the 2022 CHIPS and Science Act. The law enables the government to invest more […]

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Moderna Covid vaccine sales plunge by two-thirds in 2023, but meet company's $6 billion forecast

Moderna on Monday said its Covid vaccine sales plunged by about two-thirds in 2023 to $6.7 billion, as fewer people rolled up their sleeves for an updated version of the jab. The revenue from the shots met Moderna’s forecast for the year, even as sales plummeted from the more than $18 billion the company booked

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