Study finds Pfizer’s antiviral has little or even zero benefit for younger adults, and WHO says BA.5 omicron subvariant accounted for 74% of cases in latest week

Study finds Pfizer's antiviral has little or even zero benefit for younger adults, and WHO says BA.5 omicron subvariant accounted for 74% of cases in latest week

Pfizer’s COVID antiviral Paxlovid appears to have little or no benefit for younger adults, although it still reduces the risk of hospitalization or death in seniors, according to a new Israeli study. Data from the 109,000-patient study may renew questions about the US government’s use of Paxlovid, which has become the go-to treatment for COVID-19 … Read more

AMC’s ‘APEs’ start trading today — what will the potential windfall mean for the meme stock and cinema chain?

AMC's 'APEs' start trading today — what will the potential windfall mean for the meme stock and cinema chain?

AMC Entertainment’s AMC Preferred Equity Units, or APEs, could open the door to substantial additional capital for the same stock darling when they start trading on the New York Stock Exchange Monday. Earlier this month, in a surprise move, AMC Entertainment Holdings Inc. AMC, -5.51% announced its preferred equity unit, or “APE” special dividend. The … Read more

Ivermectin among generic drugs that failed to help COVID-19 patients avoid hospitalization, large study shows

Ivermectin among generic drugs that failed to help COVID-19 patients avoid hospitalization, large study shows

A new study found three generic drugs — fluvoxamine, which is often prescribed to treat depression, the controversial antimalarial ivermectin, and the diabetes pill metformin — failed to prevent the kind of severe COVID-19 that leads to an emergency-room visit or hospitalization. The research, published Wednesday in The New England Journal of Medicine, examined whether … Read more

FAANGs ain’t what they used to be, so beware the bear-market bounce says this hedge fund manager

FAANGs ain't what they used to be, so beware the bear-market bounce says this hedge fund manager

It’s been some rally. The S&P 500 SPX is starting the week at a seven-week high, bolstered by hopes for a less hawkish Fed and a sense that earnings pessimism was overdone. The benchmark stock index is up 12.6% from the recent low hit md-June, having delivered its best July performance since 1939, according to … Read more

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more