Business

National

Southern California startup bets on 3D printing to drive down rocket-building costs

5:08am March 08, 2023

by Brendan Byrne

A 3D-printed rocket is set to take its maiden flight Wednesday. If successful, it would be the first to reach orbit. The company behind it hopes to cash in on a booming satellite industry.

A vial of the Moderna's COVID-19 vaccine, Bivalent. Though the shots are free to pretty much anyone who wants one in the U.S. as long as federal stockpiles hold out, the next update of the vaccine might be costly for some people who lack health insurance.

Moderna's COVID vaccine gambit: Hike the price, offer free doses for uninsured

5:01am March 08, 2023

by Sydney Lupkin

Once U.S. stockpiles of COVID-19 vaccine run out, Moderna says it might charge as much as $130 per dose, but give people who lack health insurance a break. Critics say that's not enough help.

Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, D.C., on Tuesday. Powell warned the fight against inflation still has "a long way to go," sending stock markets lower.

Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy

4:06pm March 07, 2023

by Scott Horsley

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.

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A JetBlue Airways Airbus A320 (left) passes a Spirit Airlines Airbus A320 as it taxis on the runway on July 7, 2022, at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla. The Biden administration wants to block JetBlue from buying Spirit, saying the deal would reduce competition and hurt travelers.

National

DOJ sues to block JetBlue-Spirit merger, saying it will curb competition

4:04pm March 07, 2023

by David Schaper

The Biden administration sued on Tuesday to block the $3.8 billion purchase, saying the deal would reduce competition and drive up air fares for consumers.

Walgreens announced last week that it'd stop selling mifepristone, a popular abortion pill, in red states. California Gov. Gavin Newsom says his state will cut ties with the pharmacy giant after the move.

California will cut ties with Walgreens over the company's plan to drop abortion pills

3:43pm March 07, 2023

by Emily Olson

California Gov. Gavin Newsom said that the state would halt business with Walgreens after the pharmacy giant agreed to stop distributing mifepristone in some red states amid legal pressure.

New York no longer has a face mask mandate — and New York City Mayor Eric Adams is telling stores to get customers to lower their mask before entering, to help prevent crime. It's a reversal of previous guidance for shops: Here, a face mask sign is seen on a cafe's door in December of 2021, when the state mandated the wearing of masks.

NYC Mayor Eric Adams is telling stores to have customers remove their face masks

2:51pm March 07, 2023

by Bill Chappell

"We are putting out a clear call to all of our shops: Do not allow people to enter the store without taking off their face mask," the mayor said. A flurry of questions ensued.

Barnes & Noble opened this new store in Pikesville, Md., as it began its biggest expansion in years.

How Barnes & Noble turned a page, expanding for the first time in years

10:28am March 07, 2023

by Alina Selyukh

After years on the brink, the bookseller is going for a plot twist: Sales are growing and the chain plans to open some 30 new stores. Here's what's changed.

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Chinese State Councilor and Secretary-General of the State Council Xiao Jie bows to delegates before delivering a speech during the second plenary session of the National People's Congress at the Great Hall of the People in Beijing on Tuesday.

World News

China is restructuring key government agencies to outcompete rivals in tech

10:12am March 07, 2023

by Emily Feng

China is proposing to overhaul its science, technology and finance regulators as part of a stiff competition with rivals while also tamping down risk at home.

Lina Khan, as nominee for Commissioner of the Federal Trade Commission (FTC), speaks at a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill on April 21, 2021.

Politics & Government

Lina Khan is taking swings at Big Tech as FTC chair, and changing how it does business

8:26am March 07, 2023

by Dara Kerr

Khan hasn't won every round, but she may still be winning the match. Silicon Valley appears to be changing to head off threats from the newly assertive commission.

Economy

Senate Banking Committee to question Fed Chair about interest rates, economy

8:15am March 07, 2023

Federal Chairman Jerome Powell testifies before a Senate committee Tuesday morning. He'll likely be asked about the Fed's effort to curb inflation and how much higher interest rates are likely to go.

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