Moderna is prepping for the global launch of its potential coronavirus vaccine, already taking in $1.1 billion in deposits from governments awaiting the potentially lifesaving drug, the biotech firm said Thursday in its third-quarter earnings report. The Cambridge, Massachusetts-based company said it was in ongoing talks with the World Health Organization-backed COVAX initiative on a tiered pricing proposal […]

Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together, the Commerce Department reported Thursday. Third-quarter gross domestic product, a measure of the total goods and services produced in the July-to-September […]

The United States’ trade deficit in goods narrowed sharply in September and inventories at retailers surged, sealing expectations for record economic growth in the third quarter after the worst performance in at least 73 years. The data from the Commerce Department on Wednesday added to reports ranging from retail sales, durable goods orders and housing […]

Morgan Stanley analysts on Wednesday said they are tracking air quality reports in Chinese cities that suggests an increase in industrial activity tied to iPhone 12 production. Two new iPhone 12 models went on sale last week and two more will go on sale next month. This is a few weeks later than Apple’s traditional cadence, which […]

The U.S. government will pay Eli Lilly $375 million to supply 300,00 doses of its experimental antibody drug to treat the coronavirus, the company announced Wednesday. The agreement is for delivery over the two months following an emergency use authorization from the Food and Drug Administration. The deal also provides the option for the U.S. government to […]

Two years’ worth of e-commerce growth is about to be packed into one holiday season, according to a new forecast, as Americans turn in droves to online shopping to avoid crowded stores and malls during the coronavirus pandemic. Online sales this November and December are forecast to surge 33% year over year to a record […]

Microsoft Corp’s MSFT.O cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working from home and online learning drove quarterly results ahead of investor targets. COVID-19 has speeded up a move toward cloud-based computing, helping companies such as Microsoft, Amazon.com Inc’s AMZN.O cloud unit and Alphabet Inc’s GOOGL.O Google Cloud. […]

U.S. business activity increased to a 20-month high in October, but the pace of new business growth and new orders eased slightly amid the lingering COVID-19 pandemic and caution ahead of the Nov. 3 presidential election. Data firm IHS Markit said on Friday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and […]

The percentage of workers around the world that is permanently working from home is expected to double in 2021 as productivity has increased during the coronavirus pandemic, according to a survey from U.S.-based Enterprise Technology Research (ETR).

Lawyers who prosecuted Microsoft over alleged antitrust violations in the late 1990s saw some familiar tactics in the Justice Department’s complaint against Google filed Tuesday. But it’s far from a carbon copy of the complaint, according to five lawyers involved in the Microsoft case interviewed by CNBC. The DOJ cited its landmark antitrust case against Microsoft on page five of its […]